Resolution on the Report of the Advisory Committee on Budgetary and Financial Matters

CM/Res. 461 (XXVI)

RESOLUTION ON THE REPORT OF THE ADVISORY COMMITTEE ON BUDGETARY AND FINANCIAL MATTERS

The Council of Ministers of the Organization of African Unity, meeting in its Twenty- Sixth Ordinary Session in Addis Ababa, Ethiopia, from 23 February to 1 March 1976,

Having taken note of the report of the Advisory Committee on Budgetary and Financial Matters (Doc./685 (XXVI)),

Having heard the OAU General Secretariat’s comments and observations on the report of the Advisory Committee (Doc. CM/685 (XXVI)), on the financial report for the year 1975/75 (Doc. CM/686 (XXVI)), on Member States’ arrears in contributions to the 1975/1976 Budget and to the other special budgets of the OAU (Doc. CM/687 (XXVI) Rev. 2), on the report of the Board of External Auditors (Doc. CM/688 (XXVI)) and finally on the 1976/77 budget estimates (Doc. CM/689 (XXCI)).

1. CONGRATULATES the Advisory Committee on Budgetary and Financial Matters, the Secretary-General and the Secretariat of the Organization , on the excellent work done;

2. TAKES NOTE of the financial report for 1974/1975; the report of the Board of External Auditors and the comments of the General Secretariat;

3. DECIDES to adopt the budget estimates for the financial year 1976/1977 as contained in documents CM/689/Rev. 1 (XXVI)), amounting to a total of US$ 7,858,247.00 of which 600,000 is for subventions;

4. DECIDES to adopt all the recommendations of the report of the Advisory Committee on Budgetary and Financial Matters;

5. FURTHER REQUESTS the Ad Hoc Committee on the Structural Reform of the OAU to look closely into the serious problem of outstanding contributions and submit its recommendations to the next session of the council;