RESOLUTION
4/2007
Replenishment of the Special Reserve
Account
THE CONFERENCE
,
Noting
that one of the purposes of the Special Reserve Account, established by Conference Resolution 13/81 is, subject to prior review and approval by the Programme and Finance Committees, to finance unbudgeted extra costs of approved programmes due to unforeseen inflationary trends, to the extent that such costs cannot be met through budgetary savings without impairing the execution of such programmes;
Noting
that the Programme and Finance Committees, at their
Joint Meeting
of September 2006, agreed to charging a portion of the unforeseen and unbudgeted General Service salary increase of 2006-07 arising from the Rome-based General Service Salary Survey results, in an amount of US$ 6.4 million, to the Special Reserve Account, and that this was supported by the Council at its Session of November 2006;
Recalling
that the
Finance Committee
, at its Session of September 2006, recommended that the necessary funding for the US$ 6.4 million charged to the Special Reserve Account be secured through a replenishment of an equivalent amount through Member Nations’ assessments for the Special Reserve Account at the time of the formulation of the Programme of Work and Budget for 2008-09;
Recalling
further that the Council, at its Session of November 2006, requested the
Finance Committee
to review the funding of unbudgeted costs and to report the results to the Council;
Having considered
, in line with the foregoing, the proposals submitted by the
Director-General
to the
Finance Committee
at its Session of September 2007, and to the Council at its Session of November 2007, for the replenishment of the Special Reserve Account in an amount of US$6.4 million; the Conference in considering the matter further;
Decides
to defer the replenishment of the Special Reserve Account, in the amount of US$6.4 million, and to revisit this matter at the 2008
Conference
.
(Adopted on
23 November 2007
)