t &.11& Uitt 22 4411t&i.4lkUiJ '"ED£41I:J,....IIIW!l:z:ttiliiWi& • lI1!11masesJ UPnl' I'I1lijNote15.unitedNations Capital Development Fund (a)project expenditure of$28,806,478, showninstatement VII,iscomposed f$9,688,555, representing disbursements made,orduetobemade,toGovernments ofleastdeveloped countries undergrantagl:eements withUNCDFforthe implemelJt:ation services andexecution ofprojects bythoseGovernments, and $19,117,923, representing costsincurred byco-operating organizations incarrying out,withtheagreement oftheGovernments concerned, international procurement services forequipment orsupplies provided forinthegrantagreements. The lattercostsinclude support costspaidunderthetermsofgrantagreements with recipient Governments totheUNDPOfficeforProjects Execution, intheamountof $494,844, whichisincluded inthetotalamountof$7,918,238, asreflected in schedule 7. (b)Atitstwenty-sixth session, theGoverning Council decided thatUNCDF shouldestablish andmaintain anoperational reserv~ ofatleast20percentofthe Fund'sproject commitments. Accordingly, thefullyfundedOperational Reserve established in1979wasadjusted at31December 1984to$24.1million. which includes $256,607 representing 20percentofthetotalcontingent liabilities as atthatdateforguarantees entered intobyUNCDFinrespect ofbankloansgranted byGovernments andexcludes commitments related totrustfundsandcost-sharing arrangements, whichbytheirnaturerequirefullfunding. (c)Atitstwenty-sixth session, theGoverning Council approved, foran experimental periodnottocontinue beyondtheregular session oftheCouncil in 1981,achangetopartial funding notrequiring additional resources. Atits twenty-ninth session, theGoverning Council decided thattheFundshouldcontinue thepartial funding system. Inconformity withthisdecision, actualproject' allocations weremadein1984amounting to$20.9million, excluding sub-trust funds butincluding cost-sharing arrangements, and,asshowninthefootnote to statement VII,unspent allocations were$32.3million inexcessofresources asat 31December 1984. (d)Theamountof$239,250 shownonstatement VIIas"Extrabudgetary account forsuppert costs"represents theunspent balance asat31December 1984ofamounts charged toUNCDFprojects foritsindirect costs. Note16.UnitedNations TrustFundforSudano-Sahelian Activities (a)Theamountof$662,383, shownonstatement IXas"Reimbursement of programme support coststoexecuting agencies", includes $474,831 paidtotheUNDP Officeforprojects Execution, whichisincluded inthetotalamountof$7,918,238, asreflected inschedule 7.• (b)Theamountof$400,284, shownonstatement IXas"DuefromUNEPfor UNDP!UNEP joint-venture projects", represents thenetbalance dueasat 31December 1984forcontributions payable totheUnitedNations Sudano-Sahelian OfficebyUNEPforprogramme support inrespect oftheplanofActiontoCombat Desertification intheSudano-Sahelian region. Thestatusofcontributions received andexpenditure incurred asat31December 1984wasasfollows: • -110- r.!Note15.unitedNations Capital Development Fund (a)project expenditure of$28,806,478, showninstatement VII,iscomposed f$9,688,555, representing disbursements made,orduetobemade,toGovernments ofleastdeveloped countries undergrantagl:eements withUNCDFforthe implemelJt:ation services andexecution ofprojects bythoseGovernments, and $19,117,923, representing costsincurred byco-operating organizations incarrying out,withtheagreement oftheGovernments concerned, international procurement services forequipment orsupplies provided forinthegrantagreements. The lattercostsinclude support costspaidunderthetermsofgrantagreements with recipient Governments totheUNDPOfficeforProjects Execution, intheamountof $494,844, whichisincluded inthetotalamountof$7,918,238, asreflected in schedule 7. (b)Atitstwenty-sixth session, theGoverning Council decided thatUNCDF shouldestablish andmaintain anoperational reserv~ ofatleast20percentofthe Fund'sproject commitments. Accordingly, thefullyfundedOperational Reserve established in1979wasadjusted at31December 1984to$24.1million. which includes $256,607 representing 20percentofthetotalcontingent liabilities as atthatdateforguarantees entered intobyUNCDFinrespect ofbankloansgranted