country, wenotedserious shortcomings anddeficiencies inthebasicagreements, thepreliminary planning anddesignaswellastheday-to-day supervision and follow-up onconstruction activities. Thefinancial situation ofUNDP 15.Totalexpenditures ofUNDPin1984amounted to$717.7million against an incomeof$789.7mi11ionJ itsinvestments increased from$250.7million in1983to $304.4million in1984andplacements forthebenefit ofdeveloping countries slightly decreased from$48.5million in1983to$47.0million in1984.TheUNDP revenue reserve againincreased considerably, from$57.9million asat 31December 1983to$116.5million asat31December 1984.unexpended contributions alsoincreased from$93.7million in1983to$107.1million in1984. 16.Unpaidpledges ~romGovernments amounted to$43.2million asat 31December 1984,whichcompares unfavourably with$13.2million in1983. 17.Wenotedinparticular thatIPFexpenditures further decreased in1984, totalling $436.6million asagainst $46E.6million in1983,andjustasin1983 remained~some $63million belowthep1an~ed targetofprogramme delivery. 18.Sinceithadexplicitly beenintended thatthetrendofdecreasing annualIPF expenditure toalowerlevelofprogramming, asexperienced in1982and1983,would bereversed gradually tomodestincreases inexpenditure during1984andfuture years, weinquired onthereasons forthefurther reduction inprogramme exp~nditure during1984anditsrepercussions ontheplanning fortheremaining periodofthethirdprogramming cycle. 19.TheAdministration explained that,muchasin1983,several factors contributed tothecontinuing decline ofprogramme expenditures in1984Jsuchas theenhanced strengthening oftheUnitedStatesdollarandthecautious development planning byresident representatives, executing agencies andrecipient Governments inthefaceofcontinuing uncertainty overtheavailability ofresources. Moreover, unfavourable conditions fortheprogramming anddelivery ofUNDP-assisted -19- ~'.',':i\ I ns, s ers 'e :sed lave 1St lets. Illy :s ,we ~ryprocurement ofofficesupplies atUNDPheadquarters, arenotfullyconsistent with UNDPestablished rulesandprocedures ontheawarding ofcontracts. 11.Ourauditdisclosed that,duetoprocedural constraints, theexecution of decisions onthefinancial assessment ofstaffforlossesofordamagetoUNDP property maytakeconsiderable timeandthuscouldleadtotheunco11ectibi1ity of amounts due. 12.Ourauditinthefieldrevealed thatequipment ofcompleted projects regularly remains infieldofficecustody forperiods inexcessof12monthsandthatthese itemsaswellasproperty itemsonloanarenotalwaysrecorded properly inthe fieldofficeyear-end inventory reports. 13.Ourinquiry further revealed thatevenunderthenewrepayment procedure for housing construction loanagreements withGovernments, problems maystillarise, especially inrespect ofthetitleandownership ofrentalincome, thefixingof thelevelofrentsandthetermaofloanreimbursement. 14.Asregards theconstruction ofnewUnitedNations commonpremises ina country, wenotedserious shortcomings anddeficiencies inthebasicagreements, thepreliminary planning anddesignaswellastheday-to-day supervision and follow-up onconstruction activities. Thefinancial situation ofUNDP 15.Totalexpenditures ofUNDPin1984amounted to$717.7million against an incomeof$789.7mi11ionJ itsinvestments increased from$250.7million in1983to $304.4million in1984andplacements forthebenefit ofdeveloping countries slightly decreased from$48.5million in1983to$47.0million in1984.TheUNDP revenue reserve againincreased considerably, from$57.9million asat 31December 1983to$116.5million asat31December 1984.unexpended contributions alsoincreased from$93.7million in1983to$107.1million in1984. 16.Unpaidpledges ~romGovernments amounted to$43.2million asat 31December 1984,whichcompares unfavourably with$13.2million in1983. 17.Wenotedinparticular thatIPFexpenditures further decreased in1984, totalling $436.6million asagainst $46E.6million in1983,andjustasin1983 remained~some $63million belowthep1an~ed targetofprogramme delivery. 18.Sinceithadexplicitly beenintended thatthetrendofdecreasing annualIPF expenditure toalowerlevelofprogramming, asexperienced in1982and1983,would bereversed gradually tomodestincreases inexpenditure during1984andfuture
**Analysis**
The text appears to be a report on the financial and administrative performance of the United Nations Development Programme (UNDP) in 1984. It discusses the program's expenditures, income, and investments, as well as some specific issues with procurement, project management, and financial reporting. The report highlights some shortcomings and deficiencies in the program's operations, particularly in the areas of project planning, supervision, and follow-up.

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