represents disbursements of$1,621,076, plusunliquidated obligations of$174,498. Thenetexcessofexpenditure overincomeamounted to$22,348. UNITARSpecial Purpose GrantsFund:statement ofassets andliabilities 9.Theassetsandliabilities oftheSpecial Purpose GrantsFundasat 31December 1984areshowninstatement V.Thetotalassetsof$1,884,512 consist ofcashof$786,765, cashinnon-convertible currencies of$728,374, accounts receivable of$307,079 anddeferre~ charges of$62,294. Theliabilities amounted -2-ableof Fund 33for tions ars' Nations 177of showsa nuary1984 )"f approved a pto ementthe rto mein1985 ituteat e ntthe Plaza, $450,000 e.The 3rants ~fter ~omein 5.1) ~174,498. aconsist lOts Imountedto$364,295, including $7,084asaccounts payable, $174,498 asunliquidated obligations (schedule 5.1)and$182,713 duetotheUnitedNations General Fund. 10.Thebalance oftheSpecial Purpose GrantsFundwas$1,520,217 asat 31December 1984.Thisrepresents adecrease of$22,348 inthefundbalance for theyearended31December 1984,whichisthenetexcessofexpenditure overincome showninstatement v. Summary ofsignificant accounting policies 11.Thesignificant accounting policies ofUNITARareoutlined insection VII. -3-11.REPORT OFTHEBOARDOFAUDITORS Introduction 1.Asrequired byarticle VIII,paragraph 6,ofthestatute oftheUnitedNationsInstitute forTraining andResearch (UNITAR), theBoardofAuditors hasaudited theaccounts ofUNITARfortheyearended31December 1984. 2.Thesxamination wascarried outinaccordance witharticle XIIoftheFinancial Regulations oftheUnitedNations andtheannexthereto andwiththecommonauditing standards adopted bythePanelofExternal Auditors oftheUnitedNations, thespecialized agencies andtheInternational AtomicEnergyAgency. Theexamination wasconducted attheInstitute's headquarters inNewYork. 3.Thefollowing arethemostsignificant matters fromour1984auditandareintended toassisttheAdministration inconsidering andintroducing furtherimprovements inthefinancial management andcontrol systemofUNITAR. Wehavediscussed thesematters withtheAdministration, whosereactions havebeenincorporated whereappropriate. Summary offindings 4.Ourexamination revealed thattheexisting arrangements established in1977between UNITARandtheUnitedNations Accounts Division onrespective functionalresponsibilities forthefinancial management ofUNITARactivities andprogrammesshould beclearly defined, streamlined andadequately performed. 5.Wealsonotedthatalthough submissions oftravelclaims improved duringtheyear,settlement ofinvoices byatravelagentandtheAccounts Division oftheUnitedNations neededtobeexpedited inordertoensurethattheamounts arepromptly anddulyreflected intheaccounts ofUNITAR. 6.Ourreviewoftheproject management systemdisclosed thatthereisaneedfor theformalization anddocumentation ofpolicies, procedures andguidelines thatwillenhance theefficiency andeffectiveness ofproject management. 7.Theaccounts andthefinancial statements (statement 11)fortheyearended31December 1984didnotreflect threecategories ofexpenditures asprovided forintherestructed UNITARbudgetfortheyear. Financial management 8.Inthereportfortheyearended31December 1983,1/theBoardcommented onbudgetary control weaknesses forincurring expenditures, contrary tofinancialrules110.5(a)and110.1(b)anditrecommended improvements andstrengthening ofthebudgetary control procedures. !IOfficial Records oftheGeneral Assembly, Thirty-ninth Session,Supplement No.50(A/39/5/Add.4), sect.11. -4-9.In institu forthe UNITAR 10.We andthe Arrange managem andapp and108 lackof 11.As account (a (b (c Nations adverse financi August Service 12.In accordir UNITAR c andstre documen program effecti 13.Th asthe General Re 14.Ou improve comment unliqui 31Dece 15. dueto Accounts9.Inthisregard, weobserved duringourreviewfor1984thattheAdministration instituted acommendable numberofinternal control procedures duringtheyear1984 fortheimprovement ofbudgetary control inparticular andfinancial management of UNITARingeneral.
**Analysis**
The text appears to be a financial report of an international organization, specifically the United Nations Institute for Training and Research (UNITAR). The report discusses the institute's financial statements, including its assets and liabilities, as well as its income and expenditure. The report also highlights some significant accounting policies and issues, such as the need for clearer definitions of functional responsibilities and the need for improvements in budgetary control. Based on this analysis, it seems that the report is related to the management and administration of an organization, rather than a specific sector or field.

**Category**
Education, International trade