Recalling decision IX/3 on financial matters,
Taking note of the financial report on the Trust Fund for the Vienna Convention for the Protection of the Ozone Layer for the biennium 2012–2013, ended 31 December 2013,
Recognizing that voluntary contributions 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 for the Protection of the Ozone Layer,
1. To take note with appreciation of the financial statement of the Trust Fund for the biennium 2012–2013, ended 31 December 2013, and the report on the actual expenditures for 2012 and 2013 as compared with the approvals for those years;
2. To approve the establishment of a working capital reserve equivalent to 15 per cent of the proposed budget for 2015 to be used to meet the final expenditures under the Trust Fund, noting that the working capital reserve shall be set aside from the existing fund balance;
3. To approve the revised 2014 budget for the Trust Fund in the amount of $1,280,309, the budget for 2015 in the amount of $800,937, the budget for 2016 in the amount of $773,578 and the budget for 2017 in the amount of $1,363,368, as set out in annex I to the report on the tenth meeting of the Conference of the Parties to the Vienna Convention and the Twenty-Sixth Meeting of the Parties to the Montreal Protocol;[1]
4. To authorize the Secretariat to draw down the amounts of $197,937 in 2015, $170,578 in 2016 and $760,368 in 2017 from the Fund balance;
5. To approve, as a consequence of the drawdowns referred to in paragraph 4 of the present decision, the payment of contributions by the parties amounting to $603,000 for each of the years 2015, 2016 and 2017, as set out in annex II to the report of the tenth meeting of the Conference of the Parties to the Vienna Convention and the Twenty-Sixth Meeting of the Parties to the Montreal Protocol;
6. To request the Secretariat to indicate in future financial reports of the Trust Fund for the Vienna Convention the amounts of cash in hand in the section entitled “Total reserves and fund balances”, in addition to contributions that have not yet been received;
7. To urge all parties to pay their outstanding contributions as well as their future contributions promptly and in full;
8. To request the Executive Director of the United Nations Environment Programme to extend the Trust Fund until 31 December 2025;
[1] UNEP/OzL.Conv.10/7-UNEP/OzL.Pro.26/10.