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Announcement

 

 

99.  Government Contribution to Local Office Costs (GLOC) from LIC and MIC, June 3rd, 2020

 

The GLOC from LIC and MIC (Low and Middle Income Countries) policy is now available in Spanish. To access the document, click on the Spanish language tab.

 

98.  CDR Bridge Navigation Guide May 11th, 2020

 

The CDR Bridge Navigation Guide has been linked in clause 4 of the Combined Delivery Report (CDR) policy, and in step 1 of the CDR procedure table. It is also linked in clause 17 of the Direct Implementation (DIM) Modality policy. The document offers guidance on how to use the CDR Bridge platform, including how to register implementing partners. The guide is also available in the POPP templates library (POPP-11-3234).

 

97.  Direct Implementation (DIM) Modality May 7th, 2020

 

Clauses 15 through 21 of the DIM policy have been updated to reflect the new CDR Bridge Platform, a digital platform that will be used for certification and as a central repository for CDRs going forward. CDRs will automatically be generated from Atlas after closure of each quarter by OFRM and the CDRs delivered to the platform without any manual intervention from UNDP Offices. Offices will be required to review the CDRs in the new platform and have the option to send the reports electronically (via email), and have implementing partners certify the CDRs electronically in the platform. With the launch of the CDR Bridge, uploading of CDRs to the former SharePoint site is discontinued.

 

96.  Combined Delivery Report (CDR) May 7th, 2020

 

The CDR POPP has been updated to reflect the new CDR Bridge Platform, a digital platform that will be used for certification and as a central repository for CDRs going forward. CDRs will automatically be generated from Atlas after closure of each quarter by OFRM and the CDRs delivered to the platform without any manual intervention from UNDP Offices. Offices will be required to review the CDRs in the new platform and have the option to send the reports electronically (via email), and have implementing partners certify the CDRs electronically in the platform. With the launch of the CDR Bridge, uploading of CDRs to the former SharePoint site is discontinued.

 

95.  Government Contribution to Local Office Costs (GLOC) from LIC and MIC May 1st, 2020

 

The revised GLOC from LIC and MIC (Low and Middle Income Countries) policy provides a detailed explanation of GLOC formulation from host governments in low and middle income countries, along with a computation of annual cash targets, recent flexibilities in target setting, and tracking and reporting of annual cash targets and payments. The procedures section has also been updated with the most recent reporting tools and guidance notes.

 

94.  Direct Project Costs April 20th, 2020

 

The Direct Project Costs policy is now available in French. To access the content, click on the French language tab.


93.  Cost Recovery from Other Resources - GMS April 15th, 2020

 

A table in clause 7 of the Cost Recovery from Other Resources - GMS policy was updated to include an additional line to clarify applicable cost recovery rates for the resources for Engagement facilities.

 

92.  Establishment and Use of Electronic Banking Systems, April 13th, 2020

 

The Establishment and Use of Electronic Banking Systems policy has been updated throughout to reflect the ISO 20022 electronic banking interface and other minor changes. Step 1 of the 3.0 Procedure section now includes a link to the SOP for Web e-Banking template.

 

91.  Financial Resources Management, March 27th, 2020

 

The International Commercial Terms (INCOTERMS) 2020 has been linked in the following policies and/or procedure tables:

  1. Inventory Management policy Clause 10 and 11.
  2. Receipt of Services procedure table  Step one.
  3. Purchase Order (Commitments, Maintenance and Closure) procedure table Steps two and eight.
  4. Combined Delivery Report procedure table Step one (UNDP NIM Manual).  
  5. Receipt of Goods DAP and Application of Incoterms policy and procedure table Clauses one & two and step eight.
  6. Receipt of Goods FOB and Application of Incoterms policy and procedure table Clause one and step seven. 

Differences between Incoterms 2010 and 2020: 

  • The Incoterms FCA (Free Carrier) now provides the additional option to make an on-board notation on the Bill of Lading prior loading of the goods on a vessel. 
  • The costs now appear centralized in A9/B9 of each Incoterms rule. 

  • CIP now requires at least an insurance with the minimum cover of the Institute Cargo Clause (A) (All risk, subject to itemized exclusions). 

  • CIF requires at least an insurance with the minimum cover of the Institute Cargo Clause (C) (Number of listed risks, subject to itemized exclusions). 

  • The Incoterms rules Free Carrier (FCA), Delivered at Place (DAP), Delivered at Place Unloaded (DPU) and Delivered Duty Paid (DDP) now take into account that the goods may be carried without any third-party carrier being engaged, namely by using its own means of transportation. 

  • The rule Delivered at Terminal (DAT) has been changed to Delivered at Place Unloaded (DPU) to clarify that the place of destination could be any place and not only a “terminal”.

  • The Incoterms 2020 now explicitly shifts the responsibility of security-related requirements and ancillary costs to the seller. 
     

90.  UNFCU Share Account Management, March 19th, 2020

 

The UNFCU Share Account Management procedures have been updated to reflect the centralized Global Payroll Administrator and GSSU file processing.


89.  Handling of Cash and Receipts TreasuryMarch 19th, 2020


Clause five of the Handling of Cash and Receipts Treasury policy was updated to be consistent with the remaining Treasury policies.

88.  Financial Resources ManagementMarch 13th, 2020
 

The following policies are now available in Spanish. To access the content, click on the Spanish language tab of the respective policy page:

  1. Accounts Receivable

87.  Financial Resources Management, March 05th, 2020

 

​The following policies are now available in Spanish. To access the content, click on the Spanish language tab of the respective policy page:

 

86.  Direct Project CostsFebruary 20th, 2020


The Guidelines for Using the Results of the Workload Survey for the Implementation of DPC has been moved from the POPP main policy area to the procedures section of the Direct Project Costs policy page, step two. It is available as a hyperlink in all language versions.

 

85.  Multiple Funding Lines for PositionsFebruary 20th, 2020


The Guidelines for Using the Results of the Workload Survey for the Implementation of DPC has been moved from the POPP main policy area to the procedures section of the Multiple Funding Lines for Positions policy page, step two. It is available as a hyperlink in all language versions.

 

84.  Financial Resources ManagementFebruary 20th, 2020

  

The following policies are now available in Spanish. To access the content, click on the Spanish language tab of the respective policy page:

 

83.  Harmonized Approach to Cash Transfers (HACT), February 11th, 2020

The HACT policy has been updated to reflect the following:

  1. The Micro Assessment Plan should be generated from the HACT monitoring platform and should be reviewed and approved annually (no later than sixty days after the start of the year) by the Head of Office, and uploaded on the HACT platform. The plan should be used to schedule and track the completion of micro assessments.
  2. The Assurance plan should be generated from the HACT monitoring platform and should be reviewed and approved annually (no later than sixty days after the start of the year) by the Head of Office, and uploaded onto the HACT platform. The plan should be used for planning and tracking the completion of assurance activities.

 
82. Purchase Orders (Commitments, Maintenance and Closure), February 5th, 2020

 

UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process.

 

Clause 17 of the policy has been updated accordingly.

 

81.  Memorandum for Provision of Services (formerly Management Service Agreements), October 18th, 2019

 

The MPS template is now available in French and Spanish. The two language versions are linked in step 1 of the procedure table (section 3.0). 

 

80.  Direct Project Costs (DPC)August 23rd, 2019

 

The Direct Project Costs (DPC) main policy is available in Spanish. To access the document, click on the Spanish language tab. 


79. National Implementation, August 22nd, 2019

 

The National Implementation policy is available in French. To access the document, click the French language tab.


78. UN Agency Services, August 22nd, 2019


The UN Agency Services main policy is available in French. To access the document, click on the French language tab

 

77. Expenditure of Income Accrued from Cost Recovery, August 20th, 2019


The Expenditure of Income Accrued from Cost Recovery main policy is now available in French. To access the document, click on the French language tab.

 

76. Direct Cash Transfers and Reimbursements, August 20th, 2019


The Direct Cash Transfers and Reimbursements policy is available in French. To access the document, click on the French language tab.


75. The Guidelines for Using the Results of the Workload Survey for Implementation of DPC, August 20th, 2019

The Guidelines for Using the Results of the Workload Survey for Implementation of DPC main policy is now available in French. To access the document, click on the French language tab.


74. Multiple Funding Lines,  August 20th, 2019

Multiple Funding Lines for Positions main policy is now available in French. To access the document, click on the French language tab.


73. Pass-through Management UNDP as Administrative Agent (AA), August 20th, 2019


The Pass-through Management UNDP as Administrative Agent (AA) policy is available in French. To access the document, click the French language tab.

 

72. Pooled Fund Management, August 16th, 2019

 

The Pooled Fund Management policy is now available in French. To access the document, click the French language tab. 

 

71. Common Services Project Management, August 5th, 2019

 

The Common Services Project Management main policy is now available in French. 


70. Attribution of DPC through a Stand-Alone DPC Project, August 2nd, 2019

 

The Attribution of DPC through a Stand-Alone DPC Project main policy is now available in French.

 

69. Opening and Closing of Bank Accounts, July 18th, 2019

Service Clearance Account (SCA), Charging, Billing and Fee CollectionJuly 1st, 2019

65. Cost Recovery from Other Resources - GMS, June 21st, 2019

63. Record Retention, Data Security and Contingency, March 26th, 2019

The Record Retention, Data Security and Contingency policy is now available in French. To access the document, click on the French language tab.

62. Record Retention, Data Security and Contingency, March 26th, 2019

The Record Retention, Data Security and Contingency policy is now available in Spanish. To access the document, click on the Spanish language tab.

61. Parallel Fund Management, March 26th, 2019

​The Parallel Fund Management policy is now available in Spanish. To access the document, click on the Spanish language tab.

60. Agency Implementation Finances, March 26th, 2019

The Agency Implementation Finances policy is now available in Spanish. To access the document, click on the Spanish language tab.

59. UNDP Support Services to National Implementation (NIM), March 26th, 2019

The UNDP Support Services to NIM policy is available in Spanish. To access the document, click on the Spanish language tab.

58. UNDP Support Services to National Implementation (NIM), March 26th, 2019

The UNDP Support Services to NIM policy is available in French. To access the document, click on the French language tab.

57. Cost Recovery from Other Resources - GMS, March 22nd, 2019

The Cost Recovery from Other Resources - GMS policy is now available in French. To access the document, click on the French language tab.

56. Harmonized Approach to Cash Transfers (HACT), March 19th, 2019

The updated Harmonized Approach to Cash Transfers (HACT) policy is now available in French. To access the document, click on the French language tab.

55. Harmonized Approach to Cash Transfers (HACT), March 19th, 2019

The updated Harmonized Approach to Cash Transfers (HACT) policy, tables and annexes are now available in Spanish. To access these, click on the Spanish language tab. The tables are also available in the POPP templates library (document # POPP 11-2599), as are the annexes (document # POPP 11-2332).

​Section 7 of the Cost Recovery from Other Resources - General Management Support (GMS) policy was updated to reflect that regarding agencies’ contribution to RCO activities, GMS should be applied in line with the corporate cost recovery policy, since the 2016 Advisory note for the UNDG Cost Sharing Funds for the RC system no longer applies and is hereby revoked as of 1 January 2019.

51. Financial Closure of Development Projects, December 17th, 2018

50. Harmonized Approach to Cash Transfers (HACT), December 4th, 2018

The Harmonized Approach to Cash Transfers (HACT) procedures are now available in French. To view the procedure table, click on the French language tab.

49. Harmonized Approach to Cash Transfers (HACT), December 4th, 2018

The Spanish version of the Harmonized Approach to Cash Transfers (HACT) policy is currently under review and will be available again on POPP once finalized. The HACT procedures remain available in Spanish. To access these, click on the Spanish language tab.

48. Combined Delivery Report, November 29th, 2018

The Combined Delivery Report policy is now available in French. To access the document, click on the French language tab.​Kindly note that any differences in the English and French texts will be interpreted in accordance with the English version.

47. Corporate Purchasing Card, November 21st, 2018

Sections 1 and 4 of the UNDP Corporate Purchasing Card Management policy were updated to reflect that the single payment limit has been raised from $2,500 to $5,000.

46. Direct Payments, November 16th, 2018

The Direct Payments policy is now available in French. To access the document, click on the French language tab.​Kindly note that any differences in the English and French texts will be interpreted in accordance with the English version.

45. GMS Fee Set-up and Collection, November 16th, 2018

The GMS Fee Set-up and Collection policy is now available in French. To access the document, click on the French language tab.​Kindly note that any differences in the English and French texts will be interpreted in accordance with the English version.

44. Purchase Orders (Commitments, Maintenance and Closure), October 31st, 2018

Approval limits have been updated as per approved ICF ones.

43. Purchase Orders (Commitments, Maintenance and Closure), October 24th, 2018

The threshold for the use of E-requisitions where a PO is also not required was increased from USD 2,500, to USD 5,000 in section 17 of the Purchase Orders policy, as well as step 1 of the Purchase Orders procedures. For all travel related transactions see POPP Duty Travel.

42. Raising E-Requisitions, October 15th, 2018

The threshold for the use of E-requisitions where a PO is also not required was increased from USD 2,500, to USD 5,000 in section three of the Raising E-requisitions policy. For all travel related transactions see POPP Duty Travel.

41. Accounts Payable, October 15th, 2018

The small value purchase threshold for non-PO vouchers was increased from USD 2,500, to USD 5,000 in section 6.a. of the Accounts Payable policy. The use of E-requisitions/POs are not mandatory but recommended for small value purchases of under USD 5,000.

40. Country Co-Financing Cost Sharing (Fund 11888) and Non-Earmarked Programme Cost Sharing (Fund 30083), October 1st, 2018

Sections 21 and 25 of the Country Co-Financing Cost Sharing (Fund 11888) and Non-Earmarked Programme Cost Sharing (Fund 30083) were updated to reflect an 8% GMS in the project budgets due to a change in UNDP cost recovery policy, effective 1 January 2018. This increased GMS rate is therefore applicable on actual expenses incurred from 1 January 2018. Offices should increase the project budgets to reflect GMS at 8% of expenses where necessary no later than October 31, 2018.

39. Petty Cash Fund for Management Project (PCF), September 1st, 2018

As part of the delivery acceleration measures, a proposal to modify cash management arrangements has been approved and is effective as of 1 September. The following thresholds and main changes have now been agreed:

  1.   Petty Cash Fund (PCF) – Account 16105:
  2.   Limit increased from $1k to $2.5K
  3.   Expense limit increased from $100 to $250 per payment

Treasurer may suspend cash arrangements if three consecutive red dashboard or related audit observation related.

38. Project Cash Advance (PCA), September 1st, 2018

As part of the delivery acceleration measures, a proposal to modify cash management arrangements has been approved and is effective as of 1 September. The following thresholds and main changes have now been agreed:

Project Cash Advance (PCA) – Account – 16108:

a) Liquidation deadline increased from 1 week to 1 month

b) RR only, can approve PCA limit up to $50K

c) RR only, can appoint SC as custodian with limit of $5K

Treasurer may suspend cash arrangements if three consecutive red dashboard or related audit observation related.

37. Project Petty Cash Fund (PPCF), September 1st, 2018

 As part of the delivery acceleration measures, a proposal to modify cash management arrangements has been approved and is effective as of 1 September. 

Project Petty Cash Fund (PPCF) – Account 16106:

1. Limit increased from $1 to $2.5K

2. Expense limit increased from $100 to $250 per payment

3. RR only, can appoint SC as custodian

Treasurer may suspend cash arrangements if 3 consecutive red dashboard or related audit observation related.

36. Project Cash on Hand for DIM Projects (PCH), September 1st, 2018

As part of the delivery acceleration measures, a proposal to modify cash management arrangements has been approved and is effective as of 1 September. The following thresholds and main changes have now been agreed:

Project Cash on Hand – Account 16107:

a. Limit increased from $2.5K to $5K

b. RR only, can approve limit up to $25K

c. RR only, can appoint SC as custodian up to 2.5K

Treasurer may suspend cash arrangements if 3 consecutive red dashboard or related audit observation related.

35. Inventory Management, July 13th, 2018

The latest Inventory Management procedure updates reflect the current inventory counts practice, which changed from a quarterly to a semi-annual occurrence.

34. Service Clearance Account (SCA), July 3rd, 2018

The policy update reflects an additional fee row through the automated process as per the 2018 UPL. Activity4 Travel management simple (1 travel management simple + 1 payment fee). 

33. GMS Fee Set-Up and Collection, June 12th, 2018

The latest procedure table updated with the most recent link to the Guidance note on GMS setup and reports.

32. Cost Recovery from Other Resources – GMS, June 12th, 2018

The latest Cost Recovery policy update reflects the recent change in the Green Climate Fund (GCF) Fee for Accredited Entities (AE). The revised GCF policy on AE fees continues to institute a fee cap up to a certain fixed percentage based on the total size of the project/program (i.e. the total of GCF funding and co-finance).

31. Harmonized Approach to Cash Transfers (HACT), May 11th, 2018

The Harmonized Approach to Cash Transfers (HACT) policy was revised to reflect a $300,000 threshold per programme cycle for HACT micro-assessments and mandatory spot checks which, depending on the assessment risk rating, determines the appropriate cash transfer modality. Below this amount, offices may select the most appropriate cash transfer modality, taking into consideration any known risk factors. For Partners below the threshold, HACT micro assessment and spot checks may be performed at the discretion of the office based on other risk considerations e.g. the office has no previous experience with the Partner or the operating environment is considered high risk. However, programmatic monitoring requirements as specified in the PPM still apply in such instances. With the new policy change, desk reviews no longer need to be performed.

This change is effective immediately and applies to all partners (except UN Agencies) and grant recipients who receive funds from UNDP for implementation of development activities. The revision replaces the current UNDP HACT policy which requires any partners for whom the estimated programme cycle funding is equal to or greater than 10% of total estimated programme cycle funding, and partners representing at least 60% by value of programme cycle funding to be micro assessed by an independent third party service provider and desk reviews be performed for the remainder.

 30. Attribution of DPC through a Stand-Alone DPC Project Procedures, April 20th, 2018

The procedures updated in accordance with the institutional budget allocations in 2018 and with additional Atlas queries to assist the quarterly review of expenses to attribute to development.

29. Combined Delivery Report (CDR) Policy, February 21st, 2018

The updates are intended to reduce the staff burden and expedite compliance process in respect of CDRs.

  1. Offices are now required to send CDRs to Implementing Partners (IPs) for verification and signature, only for the 2nd, 3rd and 4th quarters of the year. The 2nd quarter CDR will cover January to June cumulative expenses. The 3rd quarter CDR will cover from January to September cumulative expenses; and the 4th quarter CDR will cover from January to December cumulative expenses.
  2. If no response is received from the IP within 30 days, a follow-up request should be sent indicating that "the Combined Delivery Report will be deemed accepted if no response is received within 15 calendar days." Copies of the CDR (or evidence of follow-up where no responses are received), should be uploaded to the CDR Library (in UNDP's Corporate Planning System) no later than 45 calendar days after the end of each quarter.

28. Service Clearing Account (SCA), Charging, Billing and Fee Collection, December 15th, 2017

The policy name has changed to Service Clearing Account (SCA) for non-Atlas UN Entities: Charging, Billing and Fee Collection. The following are changes made in the policy:

1. For UN entities who do not use Atlas (the "Non-Atlas agencies"), a dedicated Service Clearing Account (SCA) is established for each UN entity. Through SCAs, all global advance pre-payments from UN Agencies are recorded, and all services provided by UNDP offices to these UN entities are recorded. A dedicated Service Clearing Account is not applicable to Atlas Agencies (UNFPA, UN Women, UNU, UNCDF, UNV). For Common Services, please refer the NEW guidelines HERE.) 

2. To ensure the UN entity has sufficient funds deposited with UNDP in order for UNDP to provide services, a budget sufficiency check is performed based on the chart field combination of "Fund" (Atlas fund code 12000) and "Donor" (a dedicated donor code for each Agency). As long as the UN entity has enough funds deposited with UNDP, the budget check will pass and be valid.

3. The daily batch process posts the bills to debit the agency Service Clearing Account (SCA) and credit the CO income account respectively.

27. Memorandum for Provision of Services (MPS), December 12th, 2017

The new policy enables UNDP to provide management and support services that contribute to a programme government's results upon the agreement of the programme government. This modality cannot be used to deliver development results that UNDP is accountable to achieve under UNDP's programme. The MPS replaces the 2007 Management Service Agreement (MSA), where UNOPS was designated as a service provider.  

26. Expenditure of Income Accrued from Cost Recovery, November 9th, 2017 

Income earned from cost recovery, such as GMS fee from non-core programme projects (refer to POPP), implementation support services to UN Agencies based on UPL or LPL (refer to POPP UN Agency Services), administrative agent fee for joint programme and other adhoc service fees to external parties, together constitute a major funding source for institutional budget to fund management activities.

25. GMS Fee Set-Up and Collection, August 29th, 2017 

'Guidance note GMS setup and reports -2017' link fixed. (Procedure 1, Step 2)

24. Direct Project Costs Policy, April 26th, 2017 

A new fund code and operational procedure have been clarified for Expert Advisory Services provided by the Headquarters' staff. 

23. DPC Implementation through Multiple Funding Lines for Positions Policy, April 26th, 2017

A new position type, "Structure Post (SP) – Direct Project Costing" is available in Atlas to track the positions better that routinely provide project implementation support services (UPL/LPL based) or advisory services through Development Effectiveness (DE) fund source.

22. Use of Universal Price List (UPL) and Local Price List (LPL) for Attributing DPC Policy and Attribution of DPC through a Stand-Alone DPC Project Policy, April 26th, 2017

DPC account codes with better definitions to attribute UPL/LPL-based services and DE advisory services have been added.

21. Attribution of DPC through a Stand-Alone DPC Project Policy, April 26th, 2017

A new fund code has been provided for CO stand-alone projects where pre-financing could be essential.

20. Creating and Approving Vendors, February 8th, 2017

To provide clarity, a Background Note on Global Economic Sanctions and Procedural Guidance has been added to a procedure for creating and approving vendors. UNDP must facilitate each bank's exercise of its obligations by providing full, accurate and complete information about a payment and the beneficiary. This information may be captured at different stages of procurement or accounts payable processes, but in all cases, the preparer must capture full and complete information.

19. Combined Delivery Report (CDR), January 1st, 2017 

The updates are intended to reduce the staff burden and expedite compliance process in respect of CDRs.
a) Offices are now required send CDRs to Implementing Partners (IPs) for verification and signature, only for the 2nd, 3rd and 4th quarters of the year. The 2nd quarter CDR will cover January to June expenses. 
b) If no response is received from the IP within 30 days, a follow-up request should be sent indicating that "the Combined Delivery Report will be deemed accepted if no response received within 15 calendar days. Copies of the CDR (or evidence of follow-up where no responses are received), should be uploaded to the CDR Library (in UNDP's Corporate Planning System) no later than 45 calendar days after the end of each quarter.

18. Expenditure of Income Accrued from Cost Recovery Policy, January 1st, 2017 

The policy provides clarification and guidance as to how to use differentiated funding codes to track allocation, revenue, and expenditure on core and non-core institutional funding lines. This reflects the Cost Centre approach recently approved by the Executive Group.

17. Cost Recovery from Other Resources – GMS, January 1st, 2017

Adjustments to the POPP content on GMS income to reflect the changes arising from the 2017 enhanced planning exercise, including:
a.      A discontinuation of internal distribution of GMS income for all funds except those from Vertical Funds;
b.      A revised GMS rate calculator for UNDP, GEF, GFATM and MP projects
c.      Recording of DPC in relation to GMS exceptions.

16. Updated Purchase Orders (Commitments, Maintenance and Closure), November 30th, 2016

For greater efficiency and better financial tracking, offices are now able to set up multi-year POs for projects that have future year resources and budgets. This allows UNDP to better track deliverables of a supplier for a given procurement action through a single PO reference. When raising multi-year PO lines in Atlas, offices must ensure that corresponding multi-year budget and resources are available. For projects where Annual Spending Limits (ASLs) are limited to one year, multi-year PO lines should not be used.

Previously, goods or services, which are expected to be received over more than one financial period, a separate PO had to be raised for each of the respective financial periods, and offices were requested to close POs annually. Multi-year contracts for projects were also maintained outside Atlas. Such requirements are no longer relevant. For questions on this process, please contact Helen Hall at helen.hall@undp.org, the Chief of Account, Office of Financial Resources Management, Bureau for Management Services.

15. Updated Atlas Financial Closure Instructions, November 29th, 2016

We have reflected the International Public Sector Accounting Standards (IPSAS) closure process and linked the technical year-end closing guidance.

14. Revised UNFCU Share Account Management, August 5th, 2016

Following the recommendations of the High Level Committee for Management (HLCM) Finance and Budget Network to foster interagency harmonization, UNDP has made changes to the existing policy and arrangement for UNFCU Share Account Management for locally recruited staff. Following are the highlights of the policy changes:

  1. Deposit into UNFCU accounts:

1.     UNFCU accounts will no longer be treated as restricted accounts. Restrictions, if any, to any account or its operation will be purely subject to UNFCU rules and regulations.

2.     Staff members will be able to deposit their salary or portion of into UNFCU accounts through payroll administration as it is in the current process. The current limitation of 50% of monthly gross salary will no longer be applicable to deposit into UNF