activities, 87Governments announced pledges totalling $152million forthe1985 UNICEFgeneral resources. Manyindustrialized anddeveloping countries pledged increases intheirnational currencies for1985ascompared with1984.Past experience indicates thatadditional fundswillbepledged inthemonthsahead, bringing theGovernments' pledges for1985toUNICEFgeneral resources toan estimated $197million. 13.Takingintoconsideration expected contributions fromnon-governmental sources, income fromtheGreeting CardOperation andsupplementary funds,total incomefor1985isprojected tototal$390million. Overtheperiod1985-1988, a 7percentnominal annualgrowthinincomeover1984isassumedJ expenditures would beataboutthesamelevelasincome. General resources cashonhandwillcontinue toremainapproximately atthe1984level. Cashbalances ofsupplementary funds areexpected tocontinue atthepresent highlevel,thusjustifying theassumption thatiftheoperation proceeds inaccordance withthealmostparallel income and expenditure progression, theliauidity situation willbeadeauate tocoverthe forthcoming financial needsofUNICEF. (Signed) JamesP.GRANT Executive Director ofthe UnitedNations Children's Fund -4-1­ Bo Ch 31 2. Re au th ex Ne an 3. re de he 4. We inc aPl br mal Ad 5. De ce bu 19 va of tw In po 6. pr pa ra si ST11.REPORT OFTHEBOARDOFAUDITORS Introduction 1.Asreauired byGeneral Assembly resolution 74(I)of7December 1946,the BoardofAuditors conducted anauditoftheaccounts oftheUnitedNations Children's Fund(UNICEF), including theGreeting CardOperation, fortheyearended 31December 1984. 2.Theexamination wasconducted inaccordance witharticle XIIoftheFinancial Regulations oftheUnitedNations andtheannexthereto andwiththecommon auditing standards adopted bythePanelofExternal Auditors oftheUnitedNations, thespecialized agencies andtheInternational Atomic Energy Agency. The examination wasconducted attheUNICEF andGreeting CardOperation headauarters in NewYork,atGeneva andCopenhagen, andatthefieldoffices inKenya, Mozambiaue andZambia. 3.Duringtheyearunderreview, theBoardofAuditors continued itspractice of reporting theresults ofspecifi~ audits andissuing management letters containing detailed observations andreco~~endations totheAdministration. Thispractice has helpedgreatly inmaintaining acontinuing dialogue withtheAdministration. 4.Thefollowing arethemostsignificant matters arising fromourexamination. Wehavediscussed thesematters withtheAdministration, whoseresponses are incorporated inthisreport whereappropriate. TheBoardhasnotedwith appreciation thespeedwithwhichtheAdministration hasdealtwiththematters brought toitsattention andtheeffortsithasmadetoimprove financial management andcontrol systems. Ourrecommendations areintended toassistthe Administration inconsidering andimplementing further systems improvements. Summary offindings 5.Ourexamination disclosed thattherevision ofallotments effected in December 1984wasmadetoolateintheyeartoenableoffices tousetherevised ceilings tocontrol expenditures effectively. Basedontheorganization's internal budget, weobserved thattheorganization asawholedidnotoverspend its 1984allotment forinternational staffcosts. However, thereweresignificant variances withrespect toexpenditures forfieldoffices. Employing thesamebasis ofcomparison, wealsoobserved that33offices exceeded allotments foreitherof twomajorexpenditure categories orbothwithout priorapproval ofheadauarters. Inthisconnection, wealsonotederroneous charges toallotments forestablished posts. 6.Ourreviewofspecial service agreements revealed fourcaseswherethe provision ofGeneral Assembly resolution 37/237of21December 1982(sect.VIII, para.3)onthe$12,000 capontotalemoluments wasexceeded. Theexcesspayments
**Analysis**
The text appears to be a report on the financial management and auditing of the United Nations Children's Fund (UNICEF), specifically discussing the organization's income, expenditures, and financial performance. The report also touches on the organization's practices and procedures, including the review of special service agreements and the management of field offices. Given the focus on financial management and auditing, it is likely that the report is related to humanitarian aid and relief, which often requires significant financial resources.

**Category**
Humanitarian aid and relief