A cash flow forecast is a short term projection of cash movement and its implications for the liquidity position of an organization. Depending on the size of the organization and business purpose, the time horizon for the forecast can be daily, (also called daily cash positioning), monthly, quarterly, and annually, on a rolling basis.
Cash Operations is defined as currency notes physically held on a CO’s premises to meet operating needs in a country in which normal banking services are unavailable. COs are sometimes required to operate in a crisis environment where banking facilities are unavailable. In such instances, COs may find it necessary to conduct all financial transactions in cash. Cash Operations create significant financial risk for UNDP, as well as physical security risk for staff who handle the cash.
According to Rule 121.01 paragraph (a) of the UNDP Financial regulations and Rules (as amended on January 1, 2012), the Chief Procurement Officer of UNDP is accountable to the Administrator for all procurement functions of UNDP for all its locations, except for those procurement actions governed by paragraph (c). The Chief Procurement Officer may further delegate authority to staff at headquarters and other locations, as may be appropriate in fulfilling the purposes of these rules.
A legal obligation arising from a contract, agreement or other form of undertaking by UNDP or based on a liability recognized by UNDP, either against the resources of the current year in respect to UNDP programme activities or against the current budget period in respect to the institutional budget
Cash or in-kind resources (the latter being in the form of goods, services, or real property) provided to UNDP. Contributions are used to cover UNDP programme activities as well as programme support, management and administration, and support to operational activities of the United Nations, including costs associated with the administration of contributions received for special purposes; costsharing - a co-financing modality under which contributions from Other resources can be received as a supplement to Regular resources for specific UNDP programme activities, under the relevant cooperation framework.
Category of costs associated with “programmes” and “development effectiveness” activities which contribute to the effective delivery of development results, as follows:
a) programmes: category of costs associated with specific programme components or projects that contribute to delivery of development results contained in country/regional/global programme documents or other programming arrangements;
b) development effectiveness: category of costs associated with activities of a policy, advisory, technical and implementation nature that are needed for achievement of the objectives of programmes and projects in the focus areas of the organizations. These inputs are essential to the delivery of development results, and are not included in specific programme components or projects in country, regional or global programme documents.
A method of financing the budget of a partner country through a transfer of resources from an external financing agency to the national treasury of the partner government. The funds thus transferred are managed in accordance with the recipient’s budgetary procedures. This includes using the national regulatory framework for financial allocations, procurement and accounting systems.
The difference between current assets and current liabilities. In the specific context of UNDP, this shall normally be taken to mean the sum of working capital and reserves.
The risk that an asset cannot be converted easily and rapidly into cash without a substantial loss of value. A security (i.e. investment) is deemed to be liquid if the spread between bid (buy side) and asked (sell side) prices is narrow and reasonable amounts of purchases and sales can occur at those prices.