Programme and Budget for 2012–13: Regular budget account and Working Capital Fund as at 31 December 2013

This paper provides information on the position of 2012–13 income and expenditure as at 31 December 2013. The net shortfall of income after adjustments for the reimbursement of the 2010–11 deficit and the provision for delays in the payment of contributions amounted to US$18,776,316 or 16,654,592 Swiss francs (CHF). In accordance with article 21.1(a) of the Financial Regulations, the Working Capital Fund was drawn upon to finance budgetary expenditure pending receipt of contributions. The balance of this Fund standing at CHF35,000,000, as a consequence, decreased to CHF18,345,408. In accordance with article 21.2(a) of the Financial Regulations, arrears of contributions received in 2014 have been used to reimburse the Working Capital Fund.