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98/21.
UNFPA: Revisions to the financial regulations
The
Executive Board
Approves
the revisions to the United Nations Population Fund Financial Regulations as
contained in paragraphs 3, 4 and 5 of document DP/FPA/1998/10, with amendments
to Regulation 4.14(g) and Regulation 5.4, as follows:
(a)
Regulation 4.14(g): Amounts otherwise designated to be credited to the
biennial support budget, including, inter alia, income derived from UNFPA
support costs and net income relating to procurement services provided to
third parties;
(b)
Regulation 5.4: Funds received by UNFPA under Regulation 14.6 for
procurement of supplies, equipment and services on behalf and at the request
of Governments, specialized agencies or other intergovernmental or nonÂgovernmental
organizations shall be treated as trust funds. The income relating to
procurement services provided to third parties shall be used to meet the
direct cost of these services. At the close of a biennium, any excess of
income shall be credited to the biennial support budget.
16
September 1998
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