text: 66.Othertrustfundsadministered byUNDPasshowninstatement XVIIare: FundoftheUnitedNations fortheDevelopment of WestIrian UNROBResidual Funds-Bangladesh TrustFundProgramme fortheRepublic ofZaire UNDP Deve~opment StudyProgramme 67.During1984,theFundoftheUnitedNations fortheDevelopment ofWestIrian andtheUnitedNations KoreanReconstruction Agency -residual assetswere financially closed. TheAdministrator willrecommend totheGoverning Council that itmakeappropriate proposals totheUnitedNations General Assembly fortheformal closure~ ofthefollowing trustfunds: . FundoftheUnitedNations fortheDevelopment ofWestIrian UnitedNations KoreanReconstruction Agency -residual assets UnitedNations ReliefOperations inBangladesh TrustFundProgramme fortheRepublic ofzaire -17-I d s nd ;3 ITrustfundsestablished bytheAdministrator 65.Thefollowing trustfundswereestablished bytheAdministrator in1984: TrustFundforTechnical Assistance toWorldBank Projects inPanama TrustFundforTechnical Assistance toWorldBank Projects inZambia TrustFundfortheNorwegian Contribution totheAngolan Petroleum Training inSumbe TrustFundfortheTraining inBulgaria ofSpecialists fromDeveloping Countries UNDPTrustFundforAssistance toRefugees inAfrica UNDPTrustFundtoCombatPoverty andHungerinAfrica Statement XVIshowsthestatusofthesetrustfundsalongwiththosepreviously established bytheAdministrator. Othertrustfundsadministered byUNDP 66.Othertrustfundsadministered byUNDPasshowninstatement XVIIare: FundoftheUnitedNations fortheDevelopment of WestIrian UNROBResidual Funds-Bangladesh TrustFundProgramme fortheRepublic ofZaire UNDP Deve~opment StudyProgramme 67.During1984,theFundoftheUnitedNations fortheDevelopment ofWestIrian andtheUnitedNations KoreanReconstruction Agency -residual assetswere financially closed. TheAdministrator willrecommend totheGoverning Council that itmakeappropriate proposals totheUnitedNations General Assembly fortheformal closure~ ofthefollowing trustfunds: . FundoftheUnitedNations fortheDevelopment ofWestIrian UnitedNations KoreanReconstruction Agency -residual assets UnitedNations ReliefOperations inBangladesh TrustFundProgramme fortheRepublic ofzaire -17-III.REPORT OFTHEBOARDOFAUDITORS Introduction 1.Asrequired byGeneral Assembly resolution 74(I)of7December 1946and article XVIIoftheFinancial Regulations oftheUnitedNations Development Programme (UNDP), theBoardofAuditors hasaudited theaccounts ofUNDPforthe yearended31December 1984. 2.Theexamination wasmadeinaccordance witharticle XIIoftheFinancial Regulations oftheUnitedNations andtheannexthereto andwiththecommon auditing standards adopted bythePanelofExternal Auditors oftheUnitedNations, thespecialized agencies andtheInternational AtomicEnergyAgency. The examination wascarried' outatUNDPheadquarters inNewYorkandatfieldoffices inArgentina, Burundi, India,Nepal, RwandaandTrinidad andTObago. 3.Duringtheyearunderreview, theBoardofAuditors continued itsnormal practice ofreporting theresults ofspecific auditsandissuing management letters containing detailed auditobservations totheAdministration. Thispractice once againhelpedinmaintaining acontinuous dialogue withtheAdministration. 4.Thefollowing sections dealwiththematters that,intheopinion ofthe Board,shouldbedrawntotheattention oftheGeneral Assembly. Wehavediscussed allourobservations withtheAdministration and,whereappropriate, itsviewshave beenreflected inthisreport. Summary offindings 5.WenotedthattheUNDPrevenue reserve againconsiderably increased in1984 whileindicative planning figure (IPF)expenditures continued todecrease andjust asin1983fellshortbysome$63million oftheplanned programme delivery targets. 6.Ourauditalsorevealed adistinct tendency toover-obligate funds,especially inrespect oftravelexpenditure. 7.Areviewoftemporary assistance disclosed employment without proper contractual arrangements andinsufficient justification ofthesubmitted requests forassistance. 8.Asregards theprocurement procedures attheOfficeforProjects Execution, we notedlatesubmission andinadequate formulation ofpurchase requisitions by project management officers, aswellasalackofoperational co-ordination between theprogramming sections andthepurchasing unit.
analysis: The text appears to be discussing the financial management and audits of the United Nations Development Programme (UNDP) and its various trust funds. The language used is formal and technical, suggesting that the text is focused on financial and administrative matters rather than specific sectors or industries. The text also mentions the administration of funds for development projects, which may involve multiple sectors.