text: 100 '34 66 43 09 79!!./ 36 13 !% 1% isNOTESTOTHEACCOUNTS Note1.Statements IandIIandschedules 1to9areanintegral partofthe accounts. Note2.Thefollowing exgratia payment wasmadeduring 1984: agranttoMrs.Mamookho AlixLebeko, widowofdeputy wardenpitsoFrancis Lebeko, whodiedinacaraccident inHleoheng, Lesotho, on7April1984(eauivalent tothreemonths'salaryplustheexpected costofthefuneral, $1,811.48). -67-IV.SUMMARY OFBASICACCOUNTING POLICIES APPLICABLE TOTHEVOLUNTARY FUNDSADMINISTERED BYTHEUNITED NATIONS HIGHCOMMISSIONER FORREFUGEES Basisofaccounting 1.TheUNHCRvoluntary fundsaccounts aremaintained inaccordance withtheFinancial Rulesforvoluntary fundsadministered bytheunitedNations HighCommissioner forRefugees aspromulgated in1974andconsolidated indocumentA/AC.96/S03/Rev.2 dated30June1981. 2.Theaccounts ofUNHCR's voluntary fundscoverthecalendar year. Theyaresubmitted totheUnitedNations BoardofAuditors andtheExecutive Committee oftheHighCommissioner's Programme. 3.Fundsatthedisposal oftheHighCommissioner forpurposes falling outsidetheannual programme andEmergency Fundarerecorded astrustfunds,reserves orspecial accounts asmaybeappropriate inaccordance withtheFinancial Rules. 4.Thewriting-off oflossesofcash,property orthebookvalueofaccountsreceivable, including theconversion ofloansintogrants, isgoverned byfinancialrule10.6. Astatement ofallamounts written offissubmitted totheBoardofAuditors withtheannualaccounts. 5.Financial transactions arerecorded intheamounts onanaccrual basis. Thus, allfirmpledges (except pledges announced in1984forthe1985general programmes)arerecorded asincomein1984,eveniftheyconcern programmes whosebudgetaryperiodextends into1985andtherefore maybepartially obligated in1985. Theterm"expenditure" designates totalobligations incurred upto31Decemher 1984,whether liQuidated ornot.Agreements orletters ofinstruction signedpriorto31December 1984butforprojects commencing in1985arenotincluded in1984expenditure. Contributions 6.Cashreceived forpledges isrecorded astheUnitedStatesdollareQuivalentcalculated attheUnitedNations operational rateofexchange prevailing onthedateofreceipt. Pledges unpaidareadjusted totheirdollareQuivalent calculatedattheUnitedNations operational rateofexchange prevailing on30Juneand31December ofeachyear.Pledges outstanding foraperiodexceeding fiveyearsarenotshownintheaccounts, butareretained inmemorandum records, exceptforonetrustfundamount fromtheUnitedStatesofAmerica onwhichtheexpendituredetails arebeingfinalized. Translation ofcurrency 7.Theaccounts ofUNHCRaremaintained inUnitedStatesdollars. Transactionsinothercurrencies aretranslated intoUnitedStatesdollars attheUnitedNationsoperational ratesofexchange prevailing atthetimeofthetransaction. Attheyear-end, cash,investments andsundryaccounts receivable andpayable incurrencies otherthanUnitedStatesdollars aretranslated attheapplicable UnitedNations ratesofexchange. Exchange differences aredebited orcredited totheGeneral Fund. -68-Ithe gh Iment eyare tteeof outside rvesor ules. aunts financial ardof is.Thus, rogrammes) ::Jetary The r1984, riorto 1984 liva1ent mthe :alculated tnd !years :eptfor Iditure actions dNations Atthe leunited otheFixedassets 8.Non-expendable property purchased outofthevoluntary fundsofUNHCRand ownership ofwhichremains vestedinUNHCRischarged asexpenditure tothe appropriate budgetaccounts intheyearofacauisition; itisnotincluded i!~the balance sheetbutisrecorded inseparate inventories. Thebookvalueasat 31December 1984ofnon-expendable property heldforadministrative purposes was $12,073,302. Investments 9.Short-term investments ofmonies notimmediately reauired aremadein accordance withfinancial rule9.1andareport onsuchinvestments isincluded in theannualaccounts (schedule 9).Income frominvestments iscredited tothe General Fundasprovided forinfinancial rule9.3. Deferred expenditure 10.Following theExecutive Committee's approval oftheallocation offundsfor 1985,andprovided thatappropriate income wasavailable, theprocurement in1984 byUNHCRofsupplies considered essential topermitprojects tobegininearly1985 isrecorded intheseaccounts asdeferred expenditure, which, in1985,willbe charged totheappropriate projects.
analysis: The text appears to be related to the administration of voluntary funds for humanitarian purposes, specifically for refugees. It discusses financial policies, accounting rules, and procedures for managing these funds. The focus is on recording and reporting financial transactions, including income, expenditure, and assets. The text also mentions specific grants and payments made to individuals and organizations.