DECISION ON THE SUPPLEMENTARY BUDGET
FOR THE 2012 FINANCIAL YEAR
Doc. PRCZRpt(XXV)
The Executive Council,
1. TAKES NOTE of the Report of the Permanent Representatives Committee on the issue of the Supplementary Budget, ENDORSES the recommendations contained therein and REQUESTS the Commission to implement them;
2. APPROVES a Supplementary Budget amounting to US$11,498,829.49 of which US$3,886,373.89 is for operating expenses and US$7,612,455.60 for Programmes;
3. CALLS UPON the Commission to strictly observe the Financial Rules and Regulations in respect of supplementary budget;
4. APPROVES that the Supplementary budget be financed as follows:
a) US$3,947,619.64 from collection of arrears comprising US$3,913,699.64 for AUC, including US$690,000 for Pan-African University, and US$33,920.00 for AUCIL;
b) US$7,551,209.85 from International Partners for AUC.