UNENCUMBERED BALANCES OF APPROPRIATIONS, INCOME FROM NEW MEMBER STATES AND INTEREST INCOME IN EXCESS OF BUDGETARY ESTIMATES

After determining the level of unencumbered balances for the fiscal period, the amount actually received in cash becomes due for adjustment to Member States that have fully paid their contributions for the respective biennium, in proportion to their respective assessment rates.

by Member States, resulting in the under implementation of approved programmes.

Comment by the Administration. A monthly budget update is available of all expenses incurred for training purposes.

Movement in the balance of unexpended resources, 2004 and 2003

Notwithstanding the Mission's high budget implementation rate, the resources saved should be maintained in the budget on the condition that they were reallocated and redirected at providing services of a substantial nature.

Provisional unencumbered balances due for distribution on 1 January 2006

As of the end of 2004, the overall balance of unexpended resources was 2.7 billion.

The availability of the balance of unexpended resources depends on the degree of liquidity of the net assets held.

Other assets, net of liabilities, supplement investments to from the balance of unexpended resources.

These resources cover the unspent project budgets of 33.4 million for 2005 and future years.

The draft decision entitled Unencumbered balances of appropriations , as amended, was adopted for recommendation to the plenary.

This has been done after disposing of the unspent balances in the Fund according to the instructions from the donors.

At the current level of 171 million, that balance represents the equivalent of less than three months' expenditure for the organization.

Financing through voluntary contributions and unencumbered balances did not reflect the principle of shared responsibility, nor did it constitute a secure way of funding.

The CHAIRPERSON invited the Committee to resume consideration of the draft decision entitled Unencumbered balances of appropriations , which had been introduced at the Committee's 2nd meeting.

Approved programmes

This total includes 221 million in programmes to be funded from UNICEF regular resources and 815 million for projects that the Board approved as worthy of support and that were financed by pledges of supplementary funds made in 2004. The total also includes 370 million for projects financed by pledges for emergency relief and rehabilitation.

D. Non budgeted contributions

Reimbursement is calculated as a percentage of programme resources expended.

Unexpended resources at the end of 2004 totalled 48 million, including an operational reserve of 22.6 million.

Management additional inputs and outputs

Boma

1 UNVc

United Nations Children's Fund

The balances of unexpended resources for the funds totalled 83 million ( 68 million in 2003), representing 3 per cent of the overall balance.

The 171million balance of unexpended resources shown in table 7 represents the pool of resources available to finance UNDP activities funded by regular resources.

Value of non budgeted contributions

Office of the United Nations High Commissioner for Refugees

(p) Surpluses due to Member States are funds available for credit to Member States arising from unencumbered balances of the appropriations and contributions from new Member States.

Zakat The Islamic system of Zakat (two and a half annual tax on all unspent wealth and assets) is designed to benefit widows, orphans, the poor and those in dire need.

The budget deficit, unsurprisingly, ballooned.

It has been assumed that, for the purpose of these budget estimates, the duration of the Committee's sessions will remain six weeks in the off budget year and four weeks in the budget year.

(i) Unencumbered balances of appropriations and interest income in excess of budgetary estimates amounted to 803,441 the respective share was distributed to eligible Member States with the 2005 assessments.

In paragraph 144, the Office of the United Nations High Commissioner for Human Rights agreed with the Board's recommendation that it utilize the unspent balances of closed trust funds, as agreed with the donors.

UNICEF has total cash of 1,334 million (which includes the unspent balances from trust funds in the amount of 286 million).

The European Union currently provides almost half of all the money spent to help developing countries.

His delegation would support the European Union's suggestion that Member States consider voluntarily renouncing their share of the unencumbered balances of appropriations so that they could be used for technical cooperation activities.

The eighth and ninth sessions of the General Conference did not suspend the relevant financial regulations, but introduced a voluntary aspect by encouraging Member States to renounce their shares of the unencumbered balances of appropriation.

A priority review during the budgetary term would enable the EU to adapt its annual budgets to changing circumstances and reallocate unspent money where it is needed most.

The Assembly has, however, authorized the allocation of credits in respect of the unencumbered balances of a number of peacekeeping accounts for prior periods, for which assessments had been issued for the former Yugoslavia.

(a) (ii) Implementing partners are required to report on their disbursements against instalments received from UNHCR in accordance with the terms and conditions of project sub agreements.

The total provision made under this budget line is a non recurring cost.

Due to a positive response from Member States, significant amounts from the unencumbered balances of appropriation relating to the bienniums 1992 1993, 1996 1997 and 1998 1999 were utilized for integrated programmes and country service frameworks.

Unexpended resources at 31 December 2004 totalled 42.9 million, an increase of 17.8 million over the 25.1 million total at 31 December 2003.