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Pan American Health Organization World Health Organization

XVI

XVI

I

I

PanAmericanSanitaryConference

I RegionalCo

m

mittee

Meeting

Washington, D. C., U.S.A.

September-October 1966

Provisional A_enda Item 15 CSP17/12 (Eng.)

8 July 1966

ORIGINAL: ENGLISH

FINANCIAL ,,REPORT,OF THE DIRECTOR _ REPORT OF .THE EXTERNALAUD!TOR FOR 1965

The Financial Report of the Director and the Report of the External Auditor for 1965 (Official Dooument NOlo 68) were submitted to the Executive

Committee at its 54th Meeting.

After a detailed examination of these reports, the Committee unan-imously approved the following:

RESOLUTION IIl

"THE EXECUTIVE COMMITTEE,

Having examined the Financial Report of the Director and the Report of the External Auditor for the fiscal year 1965

(Official ,Document No. 68);

Considering that there has been considerable improvement in the financial situation of the Organization with regard to

higher quota collections, increase in the level of the Working Capital Fund and the creation of reserves for termination costs;

Noting, however, that the problem of quota collections remains serious with respect to Governments in arrears two or more years; and

Observing that the expenditures for programs recommended in the authorized budget are necessary in order to attain the

(2)

CSP17

/

12 (Eng.)

Page 2

RESOLVES:

i

.

T

o ta

k

e note of t

h

e Fina

n

cial Report

o

f t

h

e Director

,

a

nd

the Report

o

f t

h

e

E

xterna

l

Audit

o

r for t

h

e fiscal year 1965

(Qfficial Document

No ....

68) and transmit

them to the Pan American

S

anitary Cu

n

fere

nc

e at its X

V

II Meeti

n

g.

2.

To again draw the attention

of Governments

to the need

for quotas to be paid as soo

n

as possible, within

the course of

each fi

n

ancial year, and espec

i

ally t

o

the need for plans for the

payments of arrears within stipulated periods to be prepared a

n

d

strictly

adhered

to.

=

3.

To comme

nd

t

h

e policy f

o

li

o

wed_by th

e

Director

o

ver

th

e

years i

n

mai

n

taining budgetary expe

n

d

i

t

u

res within i

n

come,

in bui

l

ding up the Worki

n

g CapitalF

un

d,

an

d

in cre

a

ti

n

g reserves

for te

r

m_at

i

a_

costs".

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