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30 

 

increases in costs related to staffing, communications, training, information technology, building management and conference services.  

4.  Following discussions in the Finance Committee, the Secretary‐General revised the proposed budget by maintaining the same level of expenditure as had been approved in the previous budget period in respect of those items of expenditure over which the secretariat had some measure of control. The increases in the budget for the 2011‐2012 period were exclusively for items of expenditure that were outside the control of the secretariat. As a result, the increase in the proposed budget for the financial period 2011‐2012 was reduced from 5.6 to 3.98 per cent. The revised budget proposal for the financial period 2011‐2012, in the amount of $13,014,700, is contained in document ISBA/16/A/3/Rev.1‐ISBA/16/C/3/Rev.1.  

5. The Committee, after careful consideration, decided to recommend for approval the proposed budget for the financial period 2011‐2012 in the amount of $13,014,700. The Committee also decided to recommend that for the financial period 2011‐2012, the Secretary‐General be authorized to transfer between appropriation sections up to 20 per cent of the amount in each section. The Committee also noted that the estimated surplus of $250,000 for the 2009‐2010 biennium would be applied to the 2011‐2012 budget. The details of the approved budget are set out in annex I to the present report. The staffing table of the secretariat is contained in annex II. 

 

 

III. WORKING CAPITAL FUND 

  

6. The Committee adopted the recommendation in document ISBA/16/FC/4 in the amount of US$560,000 as new level of the Working Capital Fund. The Committee recommended that the contributions related to the increase of $105,327 should be spread over the next two bienniums. 

 

 

IV. SCALE OF ASSESSMENTS FOR 2011‐2012 

  

7. The Committee recommended that, in line with article 160 (2) (e) of the United Nations Convention on the Law of the Sea, the scale of assessments relating to the administrative budget of the International Seabed Authority for the biennium 2011 and 2012 be based on the scale of assessments used for the regular budget of the United Nations for the biennium 2010 and 2011, taking into account the ceiling assessment rate of 22 per cent and the floor assessment rate of 0.01 per cent. The indicative assessed contributions for 2011 are set out in annex III.  

8. The Committee considered the request by the Government of Japan to review the assessment of its contribution to the budget of the Authority. Due to Japan’s economic situation its assessed rate based on the prorated contribution to the regular budget of the United Nations for 2010 would not exceed 22 per cent, as was the case in previous years, Japan’s percentage contribution to the regular budget of the United Nations for 2010 amounted to 12.53 per cent resulting in a prorated contribution to the budget of the Authority of 16.587 per cent. Consequently, the Committee recommended that the rate of 16.587 per cent shall be applied in assessing Japan’s contribution to the budget of the Authority for 2011‐2012. In doing so, the Committee clarified that the ceiling rate of 22 per cent is not to be applied automatically to the highest contributor, but only in the circumstances that a member’s prorated contribution to the budget of the Authority equals or exceeds this percentage. 

  

V. AUDIT REPORT ON THE ACCOUNTS OF THE INTERNATIONAL SEABED AUTHORITY FOR 

2009 

  

9. The Committee considered the report of PriceWaterhouseCoopers on the audit of the accounts of the Authority for the year 2009. The Committee took note of the report and the opinion of the auditors that the financial statements of the Authority presented fairly, in all material aspects, the financial position of the Authority, as at 31 December 2009, and of its financial performance, and the cash flows for that year, in accordance with UN system accounting standards.

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