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Type
Decision
Status
Active

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Keywords
Funds, Conventions, Reporting, Ozone
Full text

Recalling decision VII/3 on financial matters,

Recognizing that voluntary contributions are an essential complement for the effective implementation of the Vienna Convention;

Welcoming the continued excellent management by the Secretariat of the finances of the Trust Fund for the Vienna Convention for the Protection of the Ozone Layer:

  1. To take note with appreciation of the financial statement of the Trust Fund for the biennium 2006‑2007 ended 31 December 2007 and the report on the actual expenditures for 2007 as compared to the approvals for that year;
  2. To approve the revised 2008 budget for the Trust Fund in the amount of $1,213,142, the budget for 2009 in the amount of $699,897, the budget for 2010 in amount of $717,901, and the budget for 2011 in the amount of $1,268,489 as set out in annex I to the report of the eighth meeting of the Conference of the Parties to the Vienna Convention for the Protection of the Ozone Layer and the Twentieth Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer;
  3. To authorize the Secretariat to draw down amounts of $96,897 in 2009, $114,901 in 2010 and $665,489 in 2011, respectively, from the Fund balance for the purpose of reducing that balance;
  4. To ensure, as a consequence of the draw-downs referred to in paragraph 3, that the contributions to be paid by the Parties amount to $603,000 for each of the years 2009, 2010 and 2011 as set out in annex II to the report of the eighth meeting of the Conference of the Parties to the Vienna Convention for the Protection of the Ozone Layer and the Twentieth Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer;
  5. To urge all Parties to pay their outstanding contributions as well as their future contributions promptly and in full;
  6. To request the Executive Director to extend the Vienna Convention Trust Fund until 31 December 2015;