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 non­governmental 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