Examples of using Interfund in English and their translations into Arabic
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(Increase) in interfund accounts.
(a) The Interfund operations with UNDP must be further streamlined.
For a period of time, the Fund used the interfund balance to reconcile with the United Nations.
Interfund balances also reflect transactions directly with that fund.
UNDP has pledged to do its utmost to liquidate all outstanding interfund items by the end of 2008.
People also translate
Change in interfund payables/receivables.
In early 2009 UNOPS entered into a revisedagreement on treasury support provided by UNDP, according to which interfund balances are to be settled monthly.
(a) The interfund balances are no longer offset;
UNOPS andUNDP made major efforts to complete the reconciliation of old interfund balances and identify and remove the underlying problems.
Interfund balances are reviewed on an ongoing basis and formally agreed every quarter.
It should be noted, however, that $9.9 million in the Interfund with UNDP were still under investigation when those statements were issued.
Interfund balances were maintained by UNOPS with other United Nations agencies.
UNOPS formally approached partner organizations with which it has interfund balances, and intends to complete the respective reconciliations by the end of 2009.
(a) The InterFund Payable amount corresponds to an outstanding contribution receivable under the United Nations Regular Budget.
In paragraph 125,the Board of Auditors recommended that UNOPS obtain confirmations of all its interfund balances as part of its financial statement preparation process.
Interest on interfund balances is credited to the trust fund accounts one year in arrears.
In paragraph 127, the Board of Auditors recommended that UNOPS, in collaboration with UNDP,settle interfund balances in cash, on a regular basis, in order to enforce regular reconciliations.
Interfund indebtedness with the General Fund is not restricted to transactions directly between the United Nations General Fund and other funds.
In paragraph 127, the Board of Auditors recommended that UNOPS, in collaboration with UNDP,settle interfund balances in cash, on a regular basis, in order to enforce regular reconciliations.
Interfund balances reflect transactions between funds, and are included in the amounts due to and from the United Nations General Fund.
Recalls the recommendations of the Board of Auditors on the matter of the interfund balance, and requests UNOPS and UNDP to finalize settlement as a matter of priority for the 2006-2007 closure.
(g) Interfund indebtedness with the General Fund is not restricted to transactions directly between the General Fund and other funds.
The Board has issued a qualified opinion on the financial statements for the financial period ended 31 December 2005,as set forth in chapter III. The qualification relates to the interfund account receivable.
Delegations expressed regret that interfund balances remained to be settled with UNDP and urged a swift resolution.
UNOPS interfund balances consist of(a) legacy balances that belong mostly to the pre-Atlas implementation period, and(b) ongoing interfund reconciliations that relate to the current biennium.
Both UNDP and UNOPS now reconcile interfund balances frequently, greatly reducing the likelihood of recurring interfund problems.
UNOPS is pleased that the interfund balance has been reduced to $9.9 million, given the previous scale of the unreconciled fund.
The following table is an analysis of the interfund balances, expressed in millions of United States dollars, appearing in statement III as at 31 December 1993 and 31 December 1991.
UNDP has implemented its procedures for requesting confirmation of interfund balances from United Nations agencies by closure of their accounts by the end of April 2012 and it has followed up with the agencies accordingly.
The single largest challenge was the reconciliation of the Interfund balance between UNDP and UNOPS for 1999-2003, which had had an incoming unreconciled balance even when the two organizations migrated to IMIS in 1999.