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

Upon request, the Committee was informed that rather than linking the level of the reserve to a percentage of total budget or income, UNDCP apos s reserve requirements were calculated on the basis of the financial implications of eventualities which the reserve is expected to cover.

The Board considers that, in view of the short term nature of the risks that the reserve is intended to cover, it remains appropriate that the reserve be held in highly liquid investments.

Under the procedures for the reserve fund, in off budget years the General Assembly would decide on the level of the fund, which would be included in the proposed programme budget for the next biennium.

It was calculated to be 11,400,000 for the biennium 1996 1997.

The United Nations regular budget expenditure should be not taken into account in the calculation of the level of the reserve.

Accordingly, the level of the operational budget reserve shall be established at 15 per cent of the estimated biennial expenditure.

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).

The estimate was calculated on the basis of a usage factor of 10 per cent of the in survey equipment valuation.

quot Operational reserve quot replaced quot financial reserve quot .

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

Reserves

(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).

Reserve Reform

Cash reserve

C. Reserve fund

(d) Reserve fund 600,000

Mathematical models are employed to calculate propellant usage and predict remaining reserves.

In addition, the system provides a basis for cost estimation to be used in future acquisition of equipment based on established industry standards, as well as the calculation of depreciation rates for specific equipment.

(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 could be constituted either by an allocation taken out of existing extrabudgetary trust funds or by new ad hoc extrabudgetary contributions.

(g) Translation of currencies.

Snap to primaries

Calculations according to the identified criteria did not indicate a need to propose a change in the reserve.

USB Storage Devices

Strategic reserve

Storage Devices

Working capital reserve

Reserves and

Storage (Rubb hall) units

15 days reserve.

Reserve for insurance

The supplies?

And found.

(i) Non euro income, expenditure and changes in reserves and fund balances other than as highlighted below will be stated at the equivalent amount of euros applicable as at the deemed date of the transaction applying the United Nations operational rate of exchange as at that date

(ii) Non euro assets, liabilities, reserves and fund balances as at 31 December 2004 will be converted to a euro equivalent using the United Nations operational rate of exchange as at 31 December 2004 (reference GC.9 Dec.15).

(b) Approved the level of the operating reserve for the biennium 2006 2007 at 3.03 million, representing 15 per cent of the estimated operational budget expenditure for that biennium

(b) Approves the level of the operating reserve for the biennium 2006 2007 at 3.03 million, representing 15 per cent of the estimated operational budget expenditure for that biennium

Financial reserve

(l) Other reserves

(f) Operating reserve

(g) Transfers to reserves

(j) Operating reserves

Employment Provident Fund

Establishment of plant reserves.