Governing Council decision 73/24, Fifteenth session, January-February 1973*

299.  At its 365th meeting, on the recommendation of the Budgetary and Finance Committee, 

The Governing Council

(a)  Took note of document DP/L.268 as well as the views expressed thereon in the Budgetary and Finance Committee;

(b)  Authorized the Executive Director of UNFPA:

(i)  To continue to conduct the financial operations of the Fund on a provisional basis under the appropriate Financial Regulations and Rules of UNDP, taking into account the separate identity and character of the Fund;

(ii)  To depart from a system of full funding and establish on a provisional basis an operational reserve of $20 million;

(iii)  To allocate funds, in accordance with Regulation 12.1 of the UNDP Financial Regulations and Rules and pending consideration at its sixteenth session of revised estimates of UNFPA resources and programme costs for the period 1973-1976, up to the level of $26 million to carry out new UNFPA activities;

(c)  Requested the Executive Director of UNFPA to submit to the sixteenth session of the Governing Council:

(i)  A detailed report, including administrative budget estimates for the UNFPA secretariat and information on firm pledges received for 1973, taking into account the views expressed in the Budgetary and Finance Committee as well as the views expressed in the Economic and Social Council at its fifty-fourth session, which would allow the Council to take appropriate action in conformity with General Assembly resolution 3019 (XXVII);

(ii)  A work plan as well as a revised statement showing any further adjustments in the estimates of annual programme costs for the period 1973-1976;

(iii) Draft financial regulations and rules for the fund;

(d)  Invited the Executive Director of UNFPA to study the various possible means of regularizing pledging procedures in the light of observations made in the Budgetary and Finance Committee.

_________________

* Economic and Social Council Official Records:  Fifty-fifth Session, Supplement No. 2 (E/5256), p. 72.  United Nations, New York, 1973.