Council Resolution 95-03

Annex C

Montreal, May 18 1995

Carry Over of 1994 Balance of Funds

THE COUNCIL:

Noting that Rule 6.2 (b) of the Financial Rules stipulates that the General Fund shall be credited with “previous year’s funds not exceeding 5% of the previous year’s budget”;

Exceptionally authorizes the Secretariat to carry over the totality of the unused funds from the 1994 Budget to the 1995 Budget.

Approved on behalf of Council:

José Luis Samaniego (Mexico)

William Nitze (United States)

Tony Clarke (Canada)

 

Certified by:

_____________________

Victor Lichtinger

Executive Director

Carry Over of 1994 Balance of Funds