PDF version of UN's Financial Statements
Please note: only publishing dates after March 2013 may be considered reliable.
Pages tagged with Finance & Budget Network
pdf version of UNWTO's financial statements
These model financial statements comply with 'IFRS with public benefit entity amendments' and were produced by Audit New Zealand. The statements provide a detailed and comprehensive coverage of financial reporting issues. 'Te Motu' is a fictional local government entity.
pdf versions of European Commision's financial statements 2009-2007
pdf versions of OECD's financial statements
pdf versions of IFAC's financial statements 2009-2007
pdf versions of IFAD's financial statements 2009-2006
pdf version of TFAS members' financial statements
The proposal was endorsed by the TFAS at its September 2014 face-to-face meeting in New York, USA and approved by the FBN in December 2014.
pdf version of UNDP's financial statements
pdf version of UNICEF's finanial statements
pdf version of UNHCR's financial statements
pdf version of UNJSPF's financial statement
pdf version of UN Women's financial statements
This folder contains system-wide accounting papers which were acknowledged by the Task Force as useful guidance in 2012-2013.
pdf version of UNRWA's Financial Statements
pdf version of UNOPS' Financial Statements
pdf version of UNFPA's financial statements
pdf version of UNAIDS's financial statements
pdf version of ILO's financial statements
pdf version of WHO's Financial Statements
pdf version of UPU's Financial Statements
Frequently asked questions and answers relating to the collection and presentation of UN system financial statistics.
A definition of all the categories used to allocate and define UN system revenues and expenditures.
pdf version of IAEA's financial statements
Financial Statistics is a collection of annual data from CEB member organizations on their revenue and expenditures. Using this data, revenues broken down by assessed and voluntary contributions can be shown. Also, expenditures at the country, regional and global levels and broken down by expenditure categories: development assistance, humanitarian assistance, technical cooperation, peacekeeping and normative activities.
In 2008 the HLCM Finance and Budget network endorsed a Feasibility Study as a first step towards greater harmonization in treasury services across the UN system. It is expected that common treasury services can be an opportunity for savings in the areas of banking services, payments, foreign exchange and investments. The feasibility study was funded by the HBP. The project consisted of two components, the first component focusing on the development of a web-based knowledge-sharing platform for UN treasurers (Treasury Community of Practice – TCOP) and the second component a Feasibility Study on common treasury services was carried out by a consulting firm.
It contains definitions and explanations for many of the terms commonly used in the FB Network. If you have any questions about the terms or if we have omitted any you need, please contact the CEB Secretariat.
pdf version of WIPO's financial statements
pdf version of UNIDO's financial statements
pdf version of PAHO's financial statements
pdf version of ITU's Financial Statements
A collection of representative FB Network graphs
pdf version of WMO's financial statements
pdf version of WFP's financial statements
pdf version of UNESCO's financial statements
pdf versions of OECD's financial statements
pdf versions of IFAD's financial statements
pdf version of ICAO's financial statements
Subsequent to a system-wide Steering Committee decision, system-wide IPSAS training courses are being distributed by email and will not be available from the CEB/Accounting Standards website. The IPSAS team within your organization should be able to help you with information on IPSAS training timing and how to access such training.
pdf version of IMO's financial statements
pdf versions of IFAC's financial statements 2009-2007
pdf versions of European Commision's financial statements 2009-2007
This folder includes information on communication plans, examples of what organizations have done with respect to communication, and material that explains why effective communication is important.
Web links to material about countries' and organizations' IPSAS adoption and to organizations involved in supporting IPSAS adoption.
Information on access to IPSAS standards in the six official United Nations languages (Arabic, Chinese, English, French, Russian and Spanish). The IPSAS handbook is available in all six languages. Links to relevant websites provided where they exist.
This folder includes information about International Financial Reporting Standards (IFRS). IFRS are relevant to IPSAS adoption, because the relevant IFRS standard should be applied whenever there is no IPSAS standard for a particular accounting topic. For example, there is no IPSAS that deals with intangibles and IAS 38 Intangible Assets, the relevant IFRS, will need to be applied when accounting for intangibles.
Includes presentations from individual organizations and training material prepared by individual organizations. Does not include system-wide IPSAS training courses. The system-wide Steering Committee decided in July 2009 that the training courses should be circulated to organizations by email only and not made available via the CEB/Accounting Standards website.
A mixture of information on IPSAS, drawn from a variety of sources, includes IPSAS briefing notes, comments from experts, media, governments and academics on accrual accounting, and examples of the impact that good accounting can have on organizations' effectiveness and financial well-being. The aim of this information is to describe IPSAS and explain why independent, good quality, accrual accounting standards are important to achieve improvements in governance, accountability, transparency and financial management.
Key United Nations System reports and decisions relevant to adoption of International Public Sector Accounting Standards, including IPSAS Adoption Progress Reports to HLCM, the FBNetwork and the Task Force on Accounting Standards.
Individual United Nations System agencies' IPSAS decision papers and reports, and any other material (eg. guidelines) prepared in connection with their move to IPSAS that could usefully be shared with other to help with their IPSAS implementation.
General guidance relevant to IPSAS adoption, including guidance on adoption of full accruals and relevant IFRS, journal articles, governments' experiences in adopting full accruals, etc.
Includes IPSAS Progress Reports to the General Assembly and to the High level Committee on Management (HLCM); individual organizations' reports, revised Financial Rules and Regulations, IPSAS compliant Charts of Accounts, IPSAS compliant Accounting Policy Manuals and general guidance on implementing IPSAS and making the transition to accrual accounting. Information on WFP's succesful implementation of IPSAS is included in this folder.
Accounting rules, EC power point presentation to Task Force on Accounting Standards, and other material produced by the European Commission as part of its IPSAS adoption project.
All United Nations System organizations plan to adopt International Public Sector Accounting Standards (IPSAS).
Conferences, seminars, planning documents etc of international organizations that have adopted IPSAS or moved to full accrual accounting. This folder includes papers from OECD and European Commission seminars, European Commission planning documents and reports on full accruals, and the European Commission’s accounting rules.
Current experience shows a larger part of UN funding is being contributed as supplementary rather than assessed core funding.
Health insurance benefits made available to UN staff members after the completion of their service to the organization(s).
Provisions with regard to sanctions arising from non-payment of pledges to organizations with assessed contributions.
This folder contains a series of reports and studies comparing the oversight and internal audit mechanisms of WFP and FAO. These documents are part of the Governance review excercise on both organizations.
The FB Network holds the responsibility for cost-sharing formulas and the review of jointly financed budgets, such as ICSC, JIU, and the CEB Secretariat, as well as Field Security and Security Management System, Malicious Acts Insurance Policy, and Salary Surveys.
Budgeting techniques and methods used by the organizations of the United Nations system.
The principle by which the UN Financial Regulations give the UN’s external auditors, the United Nations Board of Auditors, the exclusive right to audit the accounts and statements of the United Nations.
The FB Network has been collecting comprehensive data on security-related spending of UN system’s organizations and the methodological issues concerning the identification and presentation of such data.
The folder contains HLCM/UNDG Management Group interim guidelines on Cost Recovery for Multi-Donor Trust Funds (MDTFs)
This folder contains guidances and reviews of UN system organizations' Cost Recovery policies. The reviews include UNICEF, UNDP, UNESCO and FAO and are issued by the organizations or by inter-agency bodies.
Working Group tasked with reaching agreement on a common methodology or a set of principles on support costs recovery for extra-budgetary activities, including the system of full cost recovery.
In response to the report of the Board of Auditors to the 59th session of the United Nations General Assembly (A/59/5) which inter alia requested that the United Nations System establish a corruption and fraud prevention mechanism, the FB Network proposed that organizations share the results of their individual efforts on this subject.
Documentation related to the independent external evaluation of the auditing and oversight functions in organizations of the UN system, mandated by the 2005 World Summit
The FB Network is coordinating negotiations with Member States regarding tax reimbursement matters, in order to provide equal or equivalent treatment for all UN staff members.
This folder contains materials and reports produced by the HLCM Working Group on Cost Recovery policy between 2003 and 2005
This folder contains a collection of reviews and studies on cost accounting practices and cost recovery policies of UN system organziations, realized by single organizations or by inter-agency bodies
Further to the latest session of the HLCM Finance and Budget Network Working Group on Cost Recovery Policies (30 November 2007, FAO, Rome, Italy), UNDGO hosted UNDG-HLCM consultations on 4 April 2008 in New York in order to explore, among a small group of UN Organizations, the extent to which further harmonization of cost recovery policies was feasible.
An HLCM Community of Practice working on the transition towards Result Based Management to strengthen efficiency and effectiveness of UN system organizations operations.
Reports issued by WFP Governance Group/Working Group on governance in 2005. The Governance Group was established in March 1999 to develop ideas for strengthening the governance of WFP as it evolves and making the Board more strategic and efficient. Between 2000 and 2005, the group also considered ad hoc governance issues
Documents, policy papers, surveys results and terms of reference related to the Governance, Oversight and Accountability reforms in the Organizations of the UN system
Analysis of the XB funding contributed by “non-state donors”, which are broadly defined as subjects that are not member states. XB resources donated by non-state donors increased steadily over the four biennia period from 2002-2003 to 208-2009.
The XB contributions made by the Member States, classified by state “Groups” (G8, G77, and Others), by "Macro-regions" (Oceania, Africa, Latin America, North America, Asia, Europe) and on individual state basis.
Distribution of the organizations’ resources between “regular” (RB) resources and “extra-budgetary” (XB) resources. RB resources are intended to finance “regular budgets”, covering the ordinary programme of work of the organizations and the related support and administrative activities. XB resources are contributions provided by state and non-state donors outside regular budgets.
Total expenditures incurred by the United Nations System as a whole and by individual organizations. The graphs show the overall expenditure trend of the UN system: growing from USD 38.4 billion in the biennium 2002-2003 to USD 69.8 billion in the biennium 2008-2009, accounting for an increase of 81.6% over the last four biennia.
(1) At the 38th session (September 1973: CO-ORDINATION/R.1004, para. 41) CCAQ considered the extent to which organizations with offices in the United Kingdom were protected by the Convention on Privileges and Immunities from liability to pay VAT on goods and services bought in that country.
Since there was also some uncertainty about the application of VAT in other countries, CCAQ decided that organizations should be asked to report on the position, and UN was requested to take the matter up with the Government of the United Kingdom on behalf of all the organizations.
The CCAQ(FB) was the central forum in which the system's organizations reviewed major policy issues in the budgetary and financial area. It was the mechanism whereby the ACC provided a coordinated response to financial matters of concern to such bodies as the Fifth Committee of the General Assembly, governing bodies, and the Panel of External Auditors. The CCAQ(FB) was authorized by the ACC to take decisions on its behalf in virtually all financial matters.
(1) The structure of categories of staff applied in the common system results from recommendations of the Flemming Committee of 1949. That Committee, in fact, recommended four categories: (a) General Service, (b) Special Service, (c) Substantive Service, (d) Directors and Principal Officers.
(1) At the 12th session (April 1952: CO-ORDINATION/R.124, Section III B.13) the Committee agreed guiding principles which might bring about some uniformity as regards terms of employment of non-local staff in the General Service category.
(2) At the 19th session (March 1958: CO-ORDINATION/R.264, paras. 36-61) the Committee noted variations in practices of organizations represented in certain areas.
The Finance and Budget Network Report provides a summary of the twice yearly meetings of the network. Each report includes the list of participants, updates on the progress of the working groups and conclusions and action points.
(1) At its 87th session ( see Documents: ACC/1997/FB/R.21 & Corr.1; ACC/1997/FB/R.27; ACC/1997/FB/87/CRP.3) there was an in depth discussion of opportunities to augment income by charging fees for services or increasing cost recovery.
(1) At its 82nd session (February 1995), CCAQ(FB) endorsed a proposal by the Senior Fellowship Officers which consisted of (ACC/1995/6, para. 44 and 45):
(a) the refinement of the methodology for establishing the stipend rate, when the results of the reviews of the adequacy of the stipend rate were known; and
(b) the revision of the payment of the termination allowance to provide:
- a lump sum payment of US$ 100 for fellowships of up to 6 months;
(1) For insurance questions relating to fellowships, first discussed at the 51st session of CCAQ(PER), see Section 7.3.
(1) At the 41st and 42nd sessions (March and September 1975: CO-ORDINATION/R.1088, para. 35 and CO-ORDINATION/R.1114, paras. 37-38), following the distribution of the full current text of the UN Rules on contracts, CCAQ considered what further possibilities existed for standardizing rules and procedures on procurement.
Note: Early inter-organization work on the establishment of common financial regulations, described in paragraphs 1-5 of this section, led to the adoption of similar regulations by UN and several specialized agencies. More recent work, described in the succeeding paragraphs, has been aimed at the development of standard texts wherever differences in policies and practice resulting from the different circumstances of the organizations enabled this to be done.
(1) At the 20th session (April 1959: CO-ORDINATION/R.295, para. 78) in response to an observation by the Joint Panel of Auditors calling for a common definition of the term ex gratia, the Committee drew up a compilation of existing practices and suggested to ACC that it authorize the Secretary-General of UN to transmit the compilation to the Joint Panel.
(A) Detection and prevention of fraud
(1) At its 58th session (March 1983) CCAQ(FB) examined a suggestion by the Secretary, which had already been noted by CCAQ(PER), that member organizations should explore possibilities of electronic text-transmission between themselves and with the CCAQ secretariat.
(1) At the 47th session (September 1977: CO-ORDINATION/R.1238, para. 48) the Committee agreed that with effect from 1 January 1978 the organizations should absorb charges of up to $50 incurred by them on behalf of other organizatons, with the exception of charges involving third parties, including staff members. It was subsequently established, following review by correspondence, that the maximum amount to be absorbed would be $20.
(1) At its 11th session (1951: CC/A.11/SR.4 and CO-ORDINATION/R.93, section C.VII) CCAQ considered the question of distinguishing in a uniform way between "administrative" and "operational" expenses. It agreed that in those cases where it was necessary to make the distinction, as for predominantly operational organizations, the definition of "administrative" expenses developed by WHO and reproduced in No. 18 of its Official Records would be acceptable in principle.
(1) At the first part of its 16th session (April 1955: CO-ORDINATION/R.193/Rev.1) CCAQ considered the definition of costs chargeable to the EPTA Special Account.
(A) Trust-fund activities
(A1) At its 36th session (September 1972: CO-ORDINATION/R.960, para. 43) CCAQ requested its secretariat to study the implications of a JIU report on trust funds (JIU/REP/72/1). At the 37th session (March 1973: CO-ORDINATION/R.985, paras. 23-26) it noted that the report implied CCAQ action on:
(a) Clarification of the meaning of "trust fund" and related terms in the preparation of common texts of financial regulations;
(A) Utilization of non-convertible currencies
(A1) At its 51st session (September 1979) CCAQ discussed difficulties encountered by UNDP in using non-convertible currencies. It expressed the following views on this subject (ACC/1979/R.69, para. 33):
(a) During negotiations with them, recipient governments should be urged to accept such currencies under their IPFs;
(1) At the 56th session (March 1982), in the framework of a discussion of means of improving the organizations' cash position, it was agreed that problems of cash management should be discussed by CCAQ on a regular basis (ACC/1982/6, para. 41).
(1) At the 8th session (February 1950: CC/A.8/SR.5 and 6; CO-ORD-PREP/R.176) CCAQ discussed the arrangements of the organizations for working capital funds, their utility and their adequacy.
(A) Currency of contributions
(A) Timeliness of initial salary payments to field staff
(A1) At the 52nd session (March 1980) CCAQ agreed that the organizations should seek to identify and eliminate the structural causes of delays in the issue of salary payment instructions upon the appointment of field staff, and that they should consider providing newly-appointed field staff with provisional salary payment instructions if they were not already doing so (ACC/1980/16, para. 41).
(1) At the 12th session (April 1952: CO-ORDINATION/R.124) UN undertook to compile and circulate a summary of the income tax position of staff members of various agencies in different countries.
(1) At the 42nd session (September 1975) CCAQ agreed to a set of principles for determining the currency and procedures for the recovery of advances to staff. These principles (CO-ORDINATION/R.1114, paras. 30 and 31) were:
(a) (i) In the case of advances to staff in the Professional and higher grades, the staff members' liability shall be recorded in US dollars or, if the organization maintains its accounts in another currency, in that currency.
(1) At its 15th session (April 1954: CO-ORDINATION/R.162, section C.a.18) the Committee agreed that although varying circumstances in the organizations made standardization in this area of the salary system unlikely at that time, it would nevertheless review comparative practices periodically, the basic principle being that the proportion of a staff member's salary payable in other than local currency should ordinarily relate to commitments outside the country of the duty station.
(1) At the 63rd session (September 1985) UNDP drew attention to the financial situation of its programme at 30 June 1985 and to its concerns about meeting expenditure targets, outlining the management action taken or contemplated to increase programme delivery without impairing programme quality.
(1) At the 5th session (April 1949: CC/A.5/SR.2-4 and CO-ORD/PREP/118) the Committee drew up a series of principles to govern external audit in UN and the specialized agencies (CO-ORD-PREP/118, annex 1).
Note: Except for those of UPU, ITU and WIPO, which have always been denominated in Swiss francs, those of WMO and GATT, which have been switched to Swiss francs, and that of IMO, which has been switched to sterling, the budgets of organizations of the UN system are expressed in US dollars.
(1) CCAQ discussed the accounting treatment of refunds to the organizations from JSPF at its 29th (March 1968) and 38th (September 1973) sessions (CO-ORDINATION/R.679, paras. 7-11, and CO-ORDINATION/R.1004, para. 40). Such refunds were abolished in 1982 (A/37/9, para. 41, and A/RES 37/131, section I, para. 1).
(1) Having been apprised of the hope of the Panel of External Auditors that CCAQ could work towards achieving greater consistency and comparability in the information presented in the financial statements of the organizations, CCAQ decided at its 51st session (September 1979) to establish a Working Party on the Harmonization of Financial Statements. The Committee approved terms of reference for the Working Party, specified its membership, and agreed on arrangements for its first session (ACC/1979/R.69, paras. 18-20).
(A) Budget formulation and adoption
Note This section deals with inter-organization consideration of proposed budgets and of budgetary performance reports for inter-organization bodies whose costs are shared by the participating organizations.
(1) At the second part of the 22nd session (July 1961: CO-ORDINATION/R.373, para. 34) CCAQ informally considered and agreed to a proposal by the Secretary regarding the sharing of joint costs. Under this proposal, which UN was to circulate formally, there would be a single consolidated annual billing by UN covering expenses for:
- CCAQ Staff Office;
- Out-of-pocket costs of cost-of-living surveys.
Objects of expenditure
(1) At its lst session (1948: CO-ORD-PREP/16, section A.1) CCAQ recommended that members should use a specified panel of objects of expenditure in summaries to be attached to each budget for 1949 and in the standard definitions within the framework of their budget form.
(1) At the 36th session (September 1972: CO-ORDINATION/R.960, paras. 4-21) CCAQ considered the problem of financing extra costs arising from appreciation of currencies in relation to the US dollar. It examined six possibilities:
(a) Payment of contributions in the form of Special Drawing Rights;
(b) Assessment of contributions in a "unit of account" related to the parity of the dollar to gold at the time of budget adoption;
Note: This section deals with budget techniques other than arrangements to meet the budgetary impact of changes in exchange rates, which are handled in Section 16.4, and classifications of expenditure, which are dealt with in Section 16.5.
(1) For the development of a panel of objects of expenditure at the lst and 4th sessions of CCAQ for use as a standard budget annex, see Section 16.5.
(2) At the 5th session (April 1949: CC/A.5/SR.1 and CO-ORD-PREP/118, section B.4) the Committee approved a revised standard summary of budget estimates, agreeing to add statistics on the number of established posts and a summary of appropriations approved and contributions received. These summaries were to be annexed to the budget of each organization.
(1) At the 46th session (March 1976: CO-ORDINATION/R.1211, para. 7 and annex III, para. 19) the Committee, having considered the recommendations of its Task Force on Harmonization of Programme Budget Presentation, agreed on the following principles for medium-term planning, while recognizing that not all organizations were in a position to comply in every respect:
The Finance and Budget Handbook summarizes the finance and budget related discussions and agreements reached in sessions of the HLCM, its predecessor CCAQ (Consultative Committee on Administrative Questions) and the Finance and Budget Network. It explains the chronological changes made in the different substantive areas, and sets out the rationale for such changes. Chapters are organized by subject and include specific references to documents which provide additional detail.