Decision on the review of the Operational Reserve Category II

The level of the operational reserve will be reviewed in 1998.

(b) Reviewed the need for, and level of, any reserves

Expenditures against the Programme Reserve were also considered.

When reviewing current experience, particular attention was to be given to the requirements for an operational reserve.

The Committee believes that the need to maintain a reserve at this level should be reviewed.

In the review of current experience, particular attention was to be given to the requirements for an operational reserve.

The 1997 review, carried out in February 1998, revised the level of the reserve to 3.5 million.

(b) Review the need for starting an operating reserve in accordance with administrative instructions (para. 20)

47. The Board was pleased to see that UNFPA kept the level of reserve under review.

Chris Stals, former Governor of the South African Reserve Bank, an APRM member responsible for country reviews, welcomed the statement.

Decision on programme budgets and funding for 2005 Decision on the review of the Operational Reserve Category II

Habitat should review the need for starting an operating reserve in accordance with the administrative instructions (para. 20).

In late 1996 UNFPA further reviewed the level of the operational reserve and decided that no change was necessary.

20. The Board recommends that the Administration review the need for maintaining an operating reserve in accordance with administrative instructions.

1,002,663 being the financial reserve (ref. statement XI of the audited accounts)

Updates on programmes and funding, including reviews of the use of the emergency fund, programme reserve and voluntary repatriation fund

b. Updates on programmes and funding, including reviews of the use of the emergency fund, programme reserve and voluntary repatriation fund

Reviewed requests for equipment and recommended its procurement.

The Board will continue to monitor the adequacy of the reserves in subsequent audits.

The Department of Peacekeeping Operations agreed with the Board's recommendation that it expedite the aircraft tracking system feasibility assessment and implement the tracking system at all missions.

Africa Stockpiles Program website, Program Overview (2003), available at http www.africastockpiles.org pdf infosheets.pdf.

The international reserves of Russia include foreign exchange reserves, gold reserves as well as the reserve positions and special drawing rights (SDRs) in the International Monetary Fund (IMF).

At its thirty eighth session, in decision 91 36, the Governing Council decided that the level of the operational reserve should be set at 20 per cent of general resources income for each year of the UNFPA work plan and that it would review the level of the reserve every other year.

quot Operational reserve quot replaced quot financial reserve quot .

51. The Board notes that drawdowns from this operational reserve will be reported to the Executive Board in conjunction with its annual review of the budget of the United Nations Office for Project Services.

Everybody has come up to me and said, well I'll stockpile water or, I'll stockpile food, or what have you.

Reserves

(b) Supervise the implementation of the budgets of the Agency, notably by examining the transfer of credits from section to section and payments to the reserve fund

(d) The establishment of an operational reserve is described, replacing the previous proposals for a financial reserve and a programme reserve (new rule 9.2).

For IDC Develop and review an overall hardware procurement plan and review first order of equipment

Develop and review an overall hardware procurement plan and review first order of equipment

Reserve Reform

Cash reserve

C. Reserve fund

(d) Reserve fund 600,000

Accordingly, until the OIOS review, this reserve was considered a final settlement with no prospect of return of any eventual unspent portion.

(i) Operating and other types of reserves are included in the totals for quot Reserves and fund balances quot shown in the financial statements

It is the intention of the Committee to revert to this matter when it examines the various reports on contingent owned equipment that are forthcoming.

USB Storage Devices

Strategic reserve

Storage Devices

Working capital reserve

Reserves and

Storage (Rubb hall) units