Recalling decision X/4 on financial reports and budgets for the Vienna Convention for the Protection of the Ozone Layer,

Taking note of the financial report on the Trust Fund for the Vienna Convention for the Protection of the Ozone Layer for the fiscal year 2016,^[1]

Recognizing that voluntary contributions, once agreed upon, are an essential complement for the effective implementation of the Vienna Convention,

Welcoming the continued efficient management by the Secretariat of the finances of the Trust Fund for the Vienna Convention,

1. To express its appreciation to the Government of Canada for the generous hosting of and contribution towards the joint eleventh meeting of the Conference of the Parties to the Vienna Convention for the Protection of the Ozone Layer and the Twenty-Ninth Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer, and to allocate 50 per cent of that contribution, entitled “Contribution for the organization of the joint 29th Meeting of the Parties to the Montreal Protocol and the 11th meeting of the Conference of the Parties to the Vienna Convention”, to the Trust Fund for the Vienna Convention to be reflected in the financial statement for 2017; 
2. To take note with appreciation of the financial report of the Trust Fund for the fiscal year 2016 and the report on the actual expenditures for 2016 as compared to the approved budget for that year;
3. To reaffirm a working capital reserve equivalent to 15 per cent of the annual operational budgets for the triennium 2018–2020 to be used to meet the final expenditures under the Trust Fund;
4. To approve the revised budget for 2017 for the Trust Fund in the amount of $1,308,964, the budget for 2018 in the amount of $788,167, the budget for 2019 in the amount of $800,981 and the budget for 2020 in the amount of $1,370,010, as set out in annex I to the present report;
5. Also to approve the contributions to be paid by the parties of $733,000 in 2018, $863,000 in 2019 and $986,000 in 2020, as set out in annex II to the present report;
6. To authorize the Secretariat to draw down from the cash balance the funds required to cover the shortfall between the level of contributions agreed upon in paragraph 5 above and the approved budgets for 2018, 2019 and 2020 as set out in paragraph 4 above;
7. To urge all parties to pay any outstanding contributions and their future contributions promptly and in full;
8. To note with concern that a number of parties have not paid their contributions for 2017 and prior years, and to urge those parties to pay both their outstanding contributions and their future contributions promptly and in full;
9. To request the Executive Secretary, and to invite the President of the Bureau of the Conference of the Parties, to enter into discussions with any party whose contributions have been outstanding for two or more years with a view to finding a way forward, and to request the Executive Secretary to report to the Conference of the Parties at its twelfth meeting on the outcome of the discussions;
10. To further consider how to address outstanding contributions to the Trust Fund at its twelfth meeting, and to request the Executive Secretary to continue to publish and regularly update information on the status of contributions to the Trust Fund;
11. To request the Secretariat to ensure the full utilization of programme support costs available to it in the triennium 2018‒2020 and in later years, and where possible, to offset those costs against the administrative components of the approved budget;
12. Also to request the Secretariat to indicate in future financial reports of the Trust Fund the amounts of cash on hand in the section entitled “Total reserves and fund balances”, in addition to contributions that have not yet been received;
13. To request the Executive Secretary to prepare results-based budget and work programmes for the triennium 2021‒2023, presenting two budget scenarios and work programmes based on the projected needs for the biennium in:

a. A zero nominal growth scenario;

b. A scenario based on further recommended adjustments to the first scenario and the added costs or savings related thereto.

Annex I : Trust Fund for the Vienna Convention for the Protection of the Ozone Layer

Annex II: Contributions by the parties to the Trust Fund for the Vienna Convention for the Protection of the Ozone Layer