Working Capital Fund for the Financial Year 1954

A/RES/788(VIII)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1954.

What else is in this group?

25 documents · 1952–1973

Newer documents in this group exist (latest: 1973).

Year	Symbol	Title	Word length	Text similarity
1973	A/RES/3046(XXVII)	Working Capital Fund for the financial year 1973	59	–
1972	A/RES/2901(XXVI)	Working Capital Fund for the financial year 1972	504	–
1971	A/RES/2740(XXV)	Working Capital Fund for the financial year 1971	704	–
1970	A/RES/2615(XXIV)	Working Capital Fund for the financial year 1970	468	–
1969	A/RES/2484(XXIII)	Working Capital Fund for the financial year 1969	94	–

This group bundles related documents that are not individually ordered.

What subjects does this mandate have?

8 subjects

Appropriations Budget Contributions Cash Management Funds Insurance International Trade Loans Reimbursement

What’s in this document?

7 operative paragraphs

The Working Capital Fund shall be maintained to 31 December 1954 at the amount of $US 21,500,000, to be derived:

As to $20,000,000 from cash advances by Members in accordance with the provisions of paragraphs 2 and 3 of the present resolution;

( b) As to $1,500,000 by previous transfer from surplus account as follows:

( i) $1,239,203 being the balance of surplus account as at 31 December 1950 not already applied against Members' assessments for 1951, m accordance with General Assembly resolution 585 A (VI) of 21 December 1951 ;

$260,797 as part of the balance of surplus account as at 31 December 1951 not already applied against Members' assessments for 1952,

in accordance with General Assembly resolution 676 (VII) of 21 December 1952;

Members shall make cash advances to the Working Capital Fund as required under paragraph 1 (a) above in accordance with the scale adopted 32 by the General Assembly for contributions of Members to the ninth annual bud.get ;

There shall be set off against this new allocation of advances the amounts paid by Members to the Working Capital Fund for the financial year 1953 under paragraph 2 of General Assembly resolution 674 (VII) of 21 December 1952, provided that, should the advance paid by any i'ilember to the Working Capital Fund for the financial year 1953 exceed the amount of that Member's advance under the provision of paragraph 2 hereof, the excess shall be set off against the amount of contributions payable by that Member in respect of the ninth annual budget, or any previous budget;

The Secretary-General is authorized to advance from the Working Capital Fund:

Such sums as may be necessary to finance budgetary appropriations pending receipt of contributions; sums so advanced shall be reimbursed as soon as receipts from contributions are available for the purpose;

( b) Such sums as may be necessary to finance commitments which may be duly authorized under the provisions of the resolution 33 relating to unforeseen and extraordinary expenses. The Secretary-General shall make provision in the budget estimates for reimbursing the Working Capital Fund;

( c) Such sums as, together with net sums outstanding for the same purposes, do not exceed $125,000 to continue the revolving fund to finance miscellaneous self-liquidating purchases and activities. Advances in excess of the total of $125,000 may be made with the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions. The Secretary- General shall submit, with the annual accounts, an explanation of the outstanding balance of the revolving fund at the end of each year;

( d) Loans to specialized agencies and preparatory commissions of agen•cies to be established by intergovernmental agreement under the auspices of the United Nations to finance their work, pending receipt by the agencies concerned of sufficient contributions under their own budgets. In making such loans, which shall normally be repayable within two years, the Secretary-General shall have regard to the proposed financial resources of the agency concerned, and shall obtain the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions for any cash issues which would increase the aggregate balance outstanding ( including amounts previously advanced and outstanding) at any one time to an amount in excess of $3,000,000 and for any issue which would 32 See resolution 765 (VIII), page 35.

83 See resolution 787 (VIII), above.

increase the balance outstanding ( including amounts previously advanced and outstanding) in respect of any one agency to an amount in excess of $1,000,000, provided that, notwithstanding the above provisions, the Interim Commission of the International Trade Organization shall be authorized to postpone until 31 December 1954 repayment of the outstanding balance of the loans made to the Interim Commission;

( e) Such sums not exceeding $45,000 as may be required to finance payments of advance insurance premiums where the period of insurance extends beyond the end of the financial year in which payment is made. This amount may be increased with the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions. The Secretary-General shall make provision in the budget estimates of each year, during the life of the related policies, to cover the charges applicable to each such year.

9 December 1953.

Who adopted this document and its mandates?

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What’s in this document?

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