Income from outstanding assessed contributions and cash balances foreseen for December 1997 and early 1998 are not expected to be sufficient to finance the staff separation programme.

Balance Early Warning

The unutilized balance of 24,400 resulted from actual requirements being lower than originally anticipated. 7. Naval operations

The unutilized amount of 11,000 reflects actual requirements being lower than originally estimated.

A net negative cash balance of 24 million is currently projected at 31 December 2005.

For example, projected hospitality expenditures either reflect savings or remain within the level of appropriations in all budget sections.

The unutilized balance of 12,400 resulted from actual requirements being slightly lower than originally estimated.

The unutilized amount of 11,800 was attributable to actual requirements being slightly lower than originally estimated.

Manage balance of prepaid GSM SIM cards

Total fund balance and income Expenditures

The unutilized balance of 6,600 was realized because of actual requirements being lower than originally estimated as a result of the closure of one team site.

8. Total available balance (5 6 7) Annex II

It was anticipated that expenditures for the period September through December 2005 would amount to 424,208 and the closing balance as at 31 December 2005 was projected at 472,160.

The remaining six accounts showed credit balances totalling 23,204.

It was further noted that the expected cash flow generated by investments would be more than sufficient to meet the excess of benefit payments over contributions.

Income on deposits Estimates for income on deposits are based on anticipated interest earnings on cash balances in the General Fund, Working Capital Fund, and Operational Budget Account for Support Costs.

The requirement for the remaining 29 posts estimated at 3.1 million will be absorbed within the missions' budgets for 2005 06.

On this basis, the projected closing balance as at 31 December 2005 would amount to 472,160, as shown in table 2.

The surplus of 417.3 million under the regular valuation as at 31 December 1997 represented only 1.0 per cent of the projected liabilities of the Fund.

(10) As regards intangible assets, it is required to list item by item their acquirement form, initial value, beginning balance, accrual at current period, amount transferred out at current period, amount of amortization at current period, amount of accumulated amortization, ending balance, the number of remaining years of amortization.

a Projection.

(11) As regards assets depreciation reserves, it is required to list item by item the beginning balance, amount prepared at current period, amount carried back at current period, amount written off at current period and ending balance of such reserves.

TOTAL PROJECTED COST 2.800.000

The amount of US 2,656,767 shown in statement II represents balances of project imprest accounts advanced by UNDP and maintained by the Office at project sites.

Both current month contributions and current month loan repayments are excluded from members' Fund balances for the purpose of calculating the average balance.

It is anticipated that at the end of the year 2005 the working capital reserve will be US 701,000, including US 684,322 balance brought forward from 2004.

Expenditures amount to 37,001,246, resulting in an unencumbered balance of 4,180,356.

The balances of unexpended resources for the funds totalled 83 million ( 68 million in 2003), representing 3 per cent of the overall balance.

In the case of remuneration calculated on the amount of work performed (contract work, work on the basis of a commission), a worker is entitled to an advance payment and the balance promptly after the full remuneration is calculated.

For the biennium 1996 1997, estimated expenditures of 149 million for the Fund of UNDCP are expected to exceed estimated income of 111 million by 38 million, resulting in a further decline in the fund balance to 16 million by 31 December 1997.

The unspent balance of 9,000 is attributable to the expenses related to the maintenance of information technology equipment being charged to the regular budget.

Estimated monthly payment

2. Anticipated savings

From this appropriation, estimated expenditures for the period from 1 January to 12 July 1998 as at 30 October 1998 amounted to 659,100 gross ( 588,600 net), resulting in a projected unencumbered balance of 230,000 gross ( 239,200 net).

The interest is calculated on monthly basis from the remaining outstanding loan amount.

The accounts receivable balance comprises the following (in United States dollars)

Less Estimated 1996 unencumbered balance

Actual requirements were lower than budgeted, resulting in an unutilized balance of 33,000.

Balance

Balance

BALANCE OF

The unspent balance of 21,752,900 gross ( 19,524,600 net) represents, in gross terms, some 12 per cent of the amount appropriated.

As a result, based on the projected ending fund balance for 2004 of 9.21 million, the total 2005 year end cumulative fund balance is projected at 12.12 million.

There were substantial discrepancies between unencumbered balances declared in the budget performance reports and those stated in the financial statements.

ii.the surplus after accumulative amortization as determined according to the principles of the Accounting Standards for Enterprises No.