eight or more years ago). The Governments did aot specify where these funds were -3o- to be applied. We feel that efforts should also be made to identify and apply those payments to outstanding obligations, and we reaommend in future an ongoing review of such payments with a proper and timely follow-up with the Governments concerned. Those items which cannot be identified should be cleared by reversing them to income. 04. The Administration will identify uncleared balances as well as overpayments received by means of communications, both written or oral, with Governments and missfons, In addition, a list of unidentified payments or overpayments is sent to field offices on a quartorly basis for local follow-up with the respective Governments, Effective in 1990, and for subsequent years, unidentified payments and/or overpayments received from GOV8rUnentS for which no response has been received from the Government involved, and which have been held in suspensa for three years or longer, will be transferred to the miscellaneous income account, Ynliauidated ~I?.L&&iona 55. UNDP Financial Regulations and Rules, as well as the guidelines for executing agencies, specify the applicable accounting policy by type of expenditure (see footnote 1 (h) to the financial statements). These accounting principles for recording unliquidated obligations depart from generally aacepted accounting principles in the case of purchases of equipment , where the issuance of an order is already treated as expenditure , while delivery has not yet takon place. This is also the case for sub-contracts in the area of travel on official business, where an unliquidated obligation is posted on demand of the originating office, even if the travel is not finalized, 86. In order to verify proper handling of such obligations, we reviewed the unliquidated obligations for the year-end 1989, as well a8 the savings on the 
**Analysis**
This text appears to be discussing the financial management of international development projects, specifically the handling of unliquidated obligations and unidentified payments received from governments. It mentions the importance of identifying and applying these payments to outstanding obligations, and the need for ongoing review and follow-up with governments. The text also references financial regulations and rules, which suggests that it is related to the administration of international aid or development programs.

**Category**
International development, Administration