Boardadvisesstaffmembers, theAccounts Section, andtheDivision ofPersonnel of allassessments madeagainststaffmembers. TheAccounts Section orthefield office, asapplicable, willestablish accounts receivable andwillmonitor collection ofamounts due. project equipment infieldoffices custody oronloan(audit, paras.49-52) 12.UNDPagreeswiththeauditors' findings andrecommendations andconfirms that appropriate actiontoimplement therecommendations hasbeeninitiated. -31- J..Capital assets(audit, paras.53-76) Housing construction underloanagreements withGovernments (audit, paras.53-70) 13.TheviewsoftheAdministration regarding housing construction underloan agreements withGovernments arefairlyreflected inthereportoftheBoardof Auditors. 14.Withregardtotheobservations madeinparagraph 55ofthereportregarding thetitleandownership ofrentalincomeonARLaccounts, itshouldbenotedthat thespecific agreement referred tointhereportwassignedon24June1981, providing forrepayment tostart20monthsafterpayment byUNDPofthefirst instalment oftheloan p~oceeds, thusaroundMarch1983.The20-month period comprises thetimerequired forconstruction plusoneyear.However, anamendment wassignedon6Apr~l1982foradditional workdirectly related tothemain agreement andthefirstrepayment wasthuspostponed. Asthefinancial statements asat31December 1984reflect, allrepayments dueuptotheendof1984hadin factbeenpaidin1984. 15.Withregardtotheobservations contained inparagraph 68ofthereport, we agreethatallhousing loanagreements shouldspecify clearly wheninterest for inclusion startsaccruing. However, accrual ofinterest forinclusion inthe year-end accounts isnolongerrequired asof1985(seefinancial rule116.4). Construction ofUnitedNations commonpremises inthefield (audit, paras.71-76) 16.TheviewsoftheAdministration regarding construction ofUnitedNations commonpremises inthefieldarefairlyreflected inthereportoftheBoardof Auditors. However, withregardtotheobservations madeinparagraph 72ofthe reportthatthetotalcostsestimated at$946,373 inJuly1980hadgoneupto $1,474,991 inJune1983,theAdministrator wouldliketostatethatthefinalcost oftheconstruction hasnotyetbeendetermined butitisexpected tobe significantly lessthantheamountindicated inthereport. Administrator's concluding comments 17.Inconclusion, theAdministrator wouldliketothanktheBoardofAuditors and thestaffassisting theBoardfortheirvaluable contribution totheworkofUNDP andtoexpress hisappreciatiqn fortheirco-operation andassistance inconducting thereviewofUNDPfinancial andadministrative matters • • -32-jCapital assets(audit, paras.53-76) Housing construction underloanagreements withGovernments (audit, paras.53-70) 13.TheviewsoftheAdministration regarding housing construction underloan agreements withGovernments arefairlyreflected inthereportoftheBoardof Auditors. 14.Withregardtotheobservations madeinparagraph 55ofthereportregarding thetitleandownership ofrentalincomeonARLaccounts, itshouldbenotedthat thespecific agreement referred tointhereportwassignedon24June1981, providing forrepayment tostart20monthsafterpayment byUNDPofthefirst instalment oftheloan p~oceeds, thusaroundMarch1983.The20-month period comprises thetimerequired forconstruction plusoneyear.However, anamendment wassignedon6Apr~l1982foradditional workdirectly related tothemain agreement andthefirstrepayment wasthuspostponed. Asthefinancial statements asat31December 1984reflect, allrepayments dueuptotheendof1984hadin factbeenpaidin1984. 15.Withregardtotheobservations contained inparagraph 68ofthereport, we agreethatallhousing loanagreements shouldspecify clearly wheninterest for inclusion startsaccruing. However, accrual ofinterest forinclusion inthe year-end accounts isnolongerrequired asof1985(seefinancial rule116.4). Construction ofUnitedNations commonpremises inthefield (audit, paras.71-76) 16.TheviewsoftheAdministration regarding construction ofUnitedNations commonpremises inthefieldarefairlyreflected inthereportoftheBoardof Auditors. However, withregardtotheobservations madeinparagraph 72ofthe reportthatthetotalcostsestimated at$946,373 inJuly1980hadgoneupto $1,474,991 inJune1983,theAdministrator wouldliketostatethatthefinalcost oftheconstruction hasnotyetbeendetermined butitisexpected tobe significantly lessthantheamountindicated inthereport. Administrator's concluding comments 17.Inconclusion, theAdministrator wouldliketothanktheBoardofAuditors and thestaffassisting theBoardfortheirvaluable contribution totheworkofUNDP andtoexpress hisappreciatiqn fortheirco-operation andassistance inconducting thereviewofUNDPfinancial andadministrative matters • • -32-js.53-70)
**Analysis**
The text appears to be a report from the United Nations Development Programme (UNDP) regarding its financial and administrative matters. The report discusses various topics such as capital assets, housing construction under loan agreements with governments, and construction of United Nations common premises in the field. These topics do not seem to be directly related to any specific sector or industry, but rather to the management and administration of the UNDP's activities.

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