thanUnitedStatesdollars, translated attheapplicable UnitedNations ratesof exchange ineffectasatthedateofthestatements. (f)Fundstatements reflect the"cleansurplus" theorybyprocessing adjustments through thecurrent incomeandexpenditure accounts. Material adjustments forpriorperiods are,however, showninthefinancial statements below theresults ofthecurrent periodsoasnottodistort them. (g)Pledged contributions. Pledges arerecorded asincomeonthebasisofa written commitment byaprospective donortopayamonetary contribution ata specified timeortimes. Pledges received forfutureyearsarerecorded as deferred income. (h)Investments. Fundsondeposit ininterest-bearing bankaccounts, certificates ofdeposit, timedeposits andcallaccounts areshowninthe statements ofassets andliabilities ascash. (i)Deferred charges. Deferred charges comprise expenditure itemsthat ar~ notproperly chargeable inthecurrent financial period andthatwillbecharged as expenditure inasubsequent financial period. Theseexpenditure itemsinclude commitments approved forfuturefinancial periods whentheyarenecessary inthe interests oftheFund. (j)Fixedassets. Furniture, equipment, othernon-expendables andleasehold improvements arenotincluded intheassetsoftheFunB.Acquisitions arecharged against project accounts intheyearofpurchase. (k)Provision ismadeintheFundforrepatriation grantentitlements andto meetcontingencies underappendix 0totheStaffRulesoftheUnitedNations. Provision forrepatriation grantentitlements iscalculated onthebasisof 8percentofnetbasepayforallproject personnel. Provision tomeet contingencies underappendix 0iscalculated onthebasisof1percentofnetbase payandismaintained intheUnitedNations General Fund. (1)Miscellaneous income: (i)Refunds ofexpenditures charged topriorfinancial periods arecredited tomiscellaneous income~ (ii)Moneysaccepted inrespect ofwhichnopurpose isspecified havebeen treated asmiscellaneous income~ '(iii) Ontheclosing oftheaccounts attheendofeachfinancial period, if thebalance oftheexchange accounts reflects anetlossonexchange, it isdebited totheFundbalance. Ifthereisanetgain,thisiscredited tomiscellaneous income~ (iv)Theproceeds fromthesaleofsurplus property arecredited totheFund~ (v)Therefunds fromtheUnitedNations JointStaffPension Fundinrespect ofpension contributions (7percentofpensionable remuneration) of participants entering theFundonorafter1January 1967,but -18-(m) beenest compensa establis purpose (n) charges, (0) untilthe arecredi (p) oftheFu reimburse Developme (q) bulletin itssuppo although applyto subject t 85-20850(n)Unliquidated obligations forfutureyearsaretreated asdeferred charges, andasaseparate liability item. (0)Prioryears'obligations continue tobereflected asaccounts payable untiltheyareliquidated. Savings intheliquidation ofpriorperiodobligations arecredited toindividual projects asareduction ofcurrent periodexpenditure.withdrawing withinfiveyears,arecredited totheFund.Pension refunds havebeendiscontinued effective 1January 1983inaccordance with General Assembly resolution 37/131of17December 1982. -19- 85-20850 1666m(E)(q)TheFundfollows thegeneral provisions oftheSecretary-General's bulletin ontheestablishment andmanagement oftrustfunds(ST/SGB/188) andalso itssupporting administrative instructions, documents ST/AI/285 andST/AI/286, although asindicated inparagraph 3ofdocument ST/SGB/188, thatbulletin doesnot applytosuchfundsasUnitedNations Industrial Development Fund,whichare subject totheadministrative authority oftheirexecutive heads.(p)Reimbursement forprogramme support costisprovided fromtheresources oftheFundandisauthorized bytheExecutive Director attherateof reimbursement toexecuting agencies currently applied bytheUnitedNations Development Programme (UNDP).(m)Inaccordance withrule405.2oftheFund,anoperational reserve has beenestablished toensurethefinancial liquidity oftheFundprogramme andto compensate foruneven ~ashflows. Asat31December 1984,thisreserve hasbeen
**Analysis**
The text appears to be related to financial management and accounting practices of a fund, with specific details on financial statements, investments, and reimbursement processes. It does not seem to be directly related to a specific sector or industry, but rather provides general guidelines for financial management.

**Category**
International trade, Humanitarian aid and relief