Explanatory Notes
See notes 1, 2, 3 and 4. Note 1: (a) Core resources are allocated to the country office through an ASL. Unspent core resources do not roll forward to the next year. The following COA for the ASL resources used for the Engagement Facility should be used to set up the allocation in the project budget: Year: current year Fund: 04400 OP Unit: CO code Impl. Agent: 001981 (UNDP) Donor: 00012 (b) The fund code (04xxx) for core resource allocations from regional and global windows will be provided by the issuing office. Note 2: Non-core resource contributions to the engagement facility are cash controlled. The recording of income is done as follows: (a) For transfers of unutilized cost-sharing balances, the following applies: - Offices are to ensure that corresponding cost-sharing projects are financially closed, and there are no outstanding financial obligations or commitments;
- Offices are to secure the concurrence of all relevant donors to redeploy these funds to the engagement facility;
- The transfers are done with a general ledger journal entry based on the following entries:
Line | Account | Fund | Project | Oper. | Dept. | Amount | Comment | 1 | 51035 | As per cost-sharing project fund | Cost-sharing project | CO | CO | Specify | DEBIT to cost-sharing project(s) to transfer funds to engagement facility | 2 | 51035 | As per the funding source | EF project | CO | CO | Specify | CREDIT to engagement facility project from cost-sharing project(s) |
(b): When the country office mobilizes government or third-party cost sharing contributions for the engagement facility, upon receipt of the contribution, offices are to apply the contribution to the Engagement Facility through the Document Management System (DMS). Note 3: UNDP's cost recovery policy on management of non-core resources and general management support charges apply to government and third-party contributions, and transfers from the 11888 account. Note 4: The facility can receive funds from a variety of core and non-core resources noted above. Once income is recorded in the engagement facility, however, it cannot be considered fungible, and thus is not eligible for transfer for other purposes.
|