826 93acherged rgainrt 1989 KOIOUKO~~ (ctetemnt xx) Lsod u Coneietfng ofa 1 395 lb7 charged againrt 1989 tesourca(l fstatement XIV) 1 793 geecharged against 1989 CCIOUKC~~ Wt8tement XW) 1189 -262- NOTES TO THE FINANCIAL STATEMENTS Note 1. Qunmarv of sianificant accountina ~olicie$ The financial statements reflect the application of the following significant accouuting policies: (a) Income Interest income is accrued as income in the year to which it relates. All other income is accounted for on a cash basis. Government contributions receivable for the aurrent and prior years are shown as notes on the balance sheets of UNDP (statement II) and the trust funds (statements VI to XXVII). Contributions pledged for future years are reflected in detail in schedules 1 to 3 for UNDP, and in schedules 14 to 16 for trust funds administered by UIDP. At its thirty-first session , the Governing Council authorized the establishment, with effect from 1 January 1985, of an accounting linkage between voluntary contributions (inclding contributions to voluntary programme costs), ana contributions to local office costs in such a manner that contributions are first accounted for against any shortfall in contributions to local office costs. The total amount of $5,564,545, which was transferred from voluntary contributrons (statement I) in respect to such linkage, is included in schedule 6 ana shown in note 16. (b) Fxnenditurg All expenditure of UNDP is accounted for on an accrual basis, except for that relating to staff entitlements and projects executed by Governments, which is accounted for on the basis of case disbursements only. Project expenditure includes unliquidated obligations raised by the executing agencies (other then Governments) and the following criteria are ganerally applied8 Experts and other project personnel Coats relating to the period of contractual service between 1 January end 31 December of the current yeart 
**Analysis**
The text appears to be a financial report or statement related to the United Nations Development Programme (UNDP), which is an organization focused on economic development and humanitarian aid. The report discusses accounting policies, income, and expenditure related to various projects and programs, including staff entitlements and projects executed by governments. The language used is technical and financial, suggesting a focus on management and allocation of resources.

**Category**
Economic development, Humanitarian aid and relief