Resolution
23/71
Reimbursement
of Working Capital Fund from Cash Surplus in 1970-71, for Withdrawals Made in 1968-69 and 1070-71
THE CONFERENCE
,
Noting
that the
Council
, at its Fifty-First Session, had authorized the withdrawal from the Working Capital Fund of up to $150 000 to finance a study to improve FAO's methods, systems, procedures and practices, and that an amount of $127 656 had actually been withdrawn to meet part of these costs,
Noting
that the
Council
at its Fifty-Fifth Session had authorized the withdrawal from the Working Capital Fund of up to $1 650 000 to finance additional expenditure resulting from increases in staff remuneration,
Noting
that the
Director-General
under the provisions of Conference Resolution 17/69, acting on the recommendation of the Advisory Panel of Experts set up to advise him on initial control activities against the Desert Locust in emergencies and after consultation with the
Chairman of the Finance Committee
, had withdrawn $8 650 from the Working Capital Fund for the purpose of an emergency survey in the Spanish Sahara,
Noting
that in accordance with Financial Regulation 6.5(b) advances made from the Working Capital Fund to finance emergency expenditures shall be reimbursed by such method as the
Conference
determines,
Further
noting
that the
Director-General
expected that, provided Member Nations duly paid their contributions in good time, a substantial cash surplus would arise in the 1970-71 biennium,
Decides
that, notwithstanding the provisions of Financial Regulation 6.1(b), such cash surplus as may arise in the 1970-71 biennium shall be withheld and used to the extent necessary to reimburse the Working Capital Fund in respect of the above-mentioned withdrawals.
(Adopted.
24 November 1971
)