that the Special Reserve Account has been fully exhausted in the biennium 1986-87, as a result of the negative variance on staff costs due to the decrease in the lira/US dollar exchange rate from the budget rate of fire 1 760,
Recalling
Resolution 13/81 in which it decided that such portion of the cash surplus in the General Fund at the end of a biennium as is required to bring the level of the Special Reserve Account to five percent of the effective working budget for the subsequent biennium shall be withheld and credited to the Special Reserve Account.
Noting
that at the end of the biennium 1986-87 there will be a negative balance in the General Fund,
, in the event that a cash surplus should not arise at the end of any biennium adequate to bring the Special Reserve Account to the level specified, to apply to the Special Reserve Account any sums received In the subsequent biennium in payment of arrears of contributions.
Conscious
of the uncertainties regarding the payment of contributions by the largest contributor, troth in the current year and in the subsequent biennium, and of the substantial claims on the arrears of contributions for replenishment of the Working Capital Fund and elimination of the negative balance in the General Fund to he carried forward to 1988:
1.
Decides
to make a special assessment on Member Nations to provide for fifty percent of the replenishment of the Special Reserve Account, in the amount of US$12 309 000.
2.
Requests
the
Director-General
to inform the
Finance Committee
and the
Council
in the subsequent biennium of the progress made in the replenishment of the Special Reserve Account and of any further action required to bring the level up to that authorized.
