Working Capital Fund for the Financial Year 1960

A/RES/1445(XIV)No PDF available

Who created this mandate?

A Resolution of the General Assembly, published in 1960.

What else is in this group?

25 documents · 1952–1973

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

1973A/RES/3046(XXVII)Working Capital Fund for the financial year 1973Compare with earlier document
1972A/RES/2901(XXVI)Working Capital Fund for the financial year 1972Compare with earlier document
1971A/RES/2740(XXV)Working Capital Fund for the financial year 1971Compare with earlier document
1970A/RES/2615(XXIV)Working Capital Fund for the financial year 1970Compare with earlier document
1969A/RES/2484(XXIII)Working Capital Fund for the financial year 1969Compare with earlier document

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What subjects does this mandate have?

7 topics

Appropriations Cash Management Funds Insurance Loans Reimbursement Resources Allocation

What does this mandate say?

7 operative paragraphs

Members shall make cash advances to the Working Capital Fund as required under paragraph 1 (a) above in accordance with the scale adopted by the General Assembly for contributions of Members to the budget for the financial year 1960;

There shall be set off against this allocation of advances the amounts paid by Members to the Working Capital Fund for the financial year 1959 under General Assembly resolution 1340 (XIII), provided that, should such advance paid by any Member to the Working Capital Fund for the financial year 1959 exceed the amount of that Member's advance under the provisions of paragraph 2 above, the excess shall be set off against the amount of contributions payable by that Member in respect of the budget for the financial year 1960, or any previous budget ;

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

Such sums as ~ay be necessar:,- to finance :mdgetary 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 General Assembly resolution 1444 (XIV) of 5 December 1959, 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 purpos~, do not exceed $125,000, to continue the revolving fund to finance miscellaneous self-liquidating purchases and activities; advances in excess of the total $125,000 may be made with the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions;

( d) Loans to specialized agencies and preparatory commissions of agencies 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 ; such loans shall normally be repayable within two years, and the Secretary-General 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 $250,000;

Such sums not exceeding $35,000 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 Aclvisory Com,mittee 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 ;

Such sums as may be necessary to finance supplementary payments made to the United Nations Joint Staff Pension Fund in accordance with paragraph 5

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of General Assembly resolution 1310 (XIII) of 10 December 1958 dealing with the pensionable remuneration of the staff ;

Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending accumulation of credits ; such advances shall be repaid as soon as credits are available in the Tax Equalization Fund.

5 December 1959.

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