Declaration ontheGranting ofIndependence toColonial Countries andPeoples, in accordance withGeneral Assembly resolutions 1514(XV)of19December 1960and 3118(XXVIII) of12December 1973,tofinance humanitarian assistance projects of national liberation movements recognized bytheOr0snization ofAfrican Unity. 32.Asshowninstatement VI,theincomeoftheFundin1984amounted to$47,497 andexpenditure to$601,587. Attheendof1984thebalance oftheFundwas $0.7million ofwhichunspent allocations amounted to$0.3million. UnitedNations capital Development Fund 'j .jr IfIt33.ThisFundwasestablished bytheGeneral Assembly initsresolution 2186(XXI) of13December 1966andplacedundertheauthority oftheAdministrator ofUNDPand theGoverning Council byresolution 2321(XXII)of15December 1967.TheFund provides capital financing forprojects thatprovidedirectandimmediate benefits tolow-income groupsintheleastdeveloped cQuntries. 34.Asshowninstatement VII,thetotalincomeoftheFundin1984amounted to $33.0million andexpenditure to$31.1million. Atitstwenty-sixth session, the Governing Council decided thattheFundshouldestablish andmaintain an Operational Reserve ofnolessthan20percentoftheFund'sproject commitments. 10/Asat31December 1984,thebalance oftheOperational Reserve amounted to$24.1million, whichincludes aguaranty reserve equivalent to. 20percentofthetotalcontingent liabilities forguaranties entered intobythe Fundinrespect ofbankloansgranted byGovernments. Attheendof1984,theFund hadabalance of$82.3million exclusive ofitsOperational Reserve. 35.At31December 1984,theunspent allocations amounted to$114.5million, wpich was$32.3million morethantheunspent balance offundsavailable atthatdate. Thisreflects thedecision madebytheGoverning Councilatitstwenty-ninth session tocontinue thepartial funding system. 11/ 36.Thestatusofallsub-trust fundsestablished bytheAdministrator forUNCDF isreflected instatement XVIII. Thetotalexpenditure ofthesesub-trust funds of$1.3million included programme support coststotalling $84,957. UnitedNations Revolving FundforNatural Resources Exploration ~37.Thistrustiundwasestablished bytheGeneral Assembly initsre~olution 3167(XXVIII) of17December 1973,inwhichitrecognized theneedtoextendand intensify theactivities oftheUnitedNations systemtomeettheneedfornatural resources exploration indeveloping countries inordertoaccelerate theireconomic development. Governments receiving assistance fromthistrustfundhaveundertaken tomakereplenishment contributions totheFundwhentheprojects financed bythe Fundleadtocommercial production. 10/Ibid.,1919,Supplement No.10(E/1979/40), decision 79/21,para.4. 11/Ibid.,1982,Supplement No.6(E/1982/16/Rev.l), decision 82/22,para.6. -10-pIes,in oand jectsof rdty. $47,497 ""as38.Asshowninstatement VIII,thetotalincomeoftheFundin1984amounted to $2.0million andexpenditure to$5.1million. Attheendof1984,thebalance of theFundwas$13.6million, ofwhichunspent allocations amounted to$11.6million. 39.Theunspent allocations totalling $11,605,693 arebasedonthemaximum value ofprojects asapproved bytheGoverning Council, leaving abalance of·unencumbered fundsof$2,008,335. Forprogramming purposes, however, theFundhasestablished procedures forcalculating thefundsavailable forfutureprogramming including the application ofanactuarial formula whichtakesintoaccount thatthemaximum value ofprojects isnotimplemented inallcases. Inaccordance withtheseprocedures, whichhavebeenreported indetailtotheGoverning Cuuncil, thebalance offunds available forfutureprogramming wasestimated tobe$11.6million asat 31December 1984."!I 2186(XXI) fUNDPand Fund benefits ntedto ion,the Reserve o . tobythe ,theFund ion,wpich tdate. nth orUNCOF stfundsUnitedNations TrustFundforSudano-Sahelian Activities 40.Thistrustfundwasestablished pursuant toGeneral Assembly resolution 3253(XXIX)of4December 1974andEconomic andSocialCouncil resolution 1918(LVIII)of9May1975.InOCtober 1976,theSecretary-General oftheUnited Nations delegated totheAdministrator ofUNDPthefullresponsibility forthe adminis~ration, control andoperation oftheFund,including theadministration and