Expendable and non expendable property

Expendable and non expendable property

(v) Non expendable equipment

Note 14 Non expendable property

(o) Lost or stolen non expendable equipment

Non expendable property as at 31 December 2004

All non expendable assets were bar coded for effective control.

Non expendable property (acquisition value of in service and in transit assets)

General description Logistics is responsible for providing services related to official travel, transportation and shipment maintaining the technical cooperation and Headquarters inventory, covering expendable and non expendable property providing registry records management and archive services.

The Board notes, however, that non expendable property approved for disposal costing 1,882,651 and non expendable property pending approval for disposal costing 16,493 were not disclosed in the financial statements as at 31 December 2004.

In paragraph 33 of its report, the Board recommended that UNDP complete the adjustment process of all non expendable equipment records at country offices to bring the value in line with the revised non expendable policy.

UNHCR had yet to implement a recommendation dating back to 1996 on non expendable property.

Regional offices are required to submit the inventory reports on non expendable property semi annually.

All non expendable property is charged against current year expenditure at the time of acquisition.

No non expendable equipment was written off from inventory as lost or stolen during 2004.

The Administration will continue to monitor closely the management of non expendable equipment at field missions.

Table 9 Non expendable property (acquisition value of in service and in transit assets) (United States dollars)

No increase is requested in the provision of 60,000 for the cost of expendable supplies and materials.

A new instruction on non expendable property was to be issued in the second quarter of 2005.

In paragraph 42 of the report, UNU agreed with the Board's recommendation that it address the inaccuracies in accounting for non expendable property to provide complete and accurate disclosures of the value of non expendable property as at the end of the financial period.

On 31 December 2003, the acquisition value of non expendable property recorded was 385,546,690 and the depreciated value was 120,307,163.

The collective efforts of the Administration have resulted in further improvements in custody of and control over non expendable equipment.

Although the breakdown of non expendable property was provided in note 6 to the 2004 financial statements, appropriate and detailed disclosure of whether the non expendable property has been sold or donated, with explanations for any adjustments, will be reflected in the final financial statements for the biennium 2004 2005.

The cost of the non expendable property in existence at 31 December 2004, as disclosed in the note, was fairly stated.

UNICEF has implemented a new local property management database from which the value of non expendable property for disclosure is extracted.

The Board notes that the total cost of non expendable equipment on the spreadsheet presented to it amounted to 9.7 million.

Seeking rationalization and economies, UNDP leadership took the position that the gender mainstreaming machineries and resources already covered by UNIFEM were expendable.

Perhaps, but these ideas are all just variations on God controlling everything, the supreme commander toying with expendable units in a great campaign.

Our interpretation is that only pursuant to paragraph 38 of the United Nations system accounting standards can disclosure of expendable items be made.

In paragraph 33 of its report, the Board recommended that the Tribunal continue to improve and maintain adequate control over non expendable equipment.

During the year 2004, non expendable equipment to the value of 409 was reported as stolen and written off in the inventory records.

Goods passing through Australian ports as transhipped goods are subject to the same export controls as goods being exported from Australia.

However, the net increase in non expendable property was much higher (27.9 per cent), especially in field vehicles ( 93 million out of 105 million).

However, the net increase in non expendable property was much higher (27.9 per cent), especially in field vehicles ( 93 million out of 105 million).

For example, there were inadequate inventory records to track non expendable equipment, which, as at 31 December 2003 were valued at nearly 1.1 billion.

In paragraph 54, the Board recommended that UNICEF review and improve the procedure on the disclosure of the value of its non expendable property.

(ii) Asset and information management services efficient and effective management of all non expendable property, equipment and support of automation for facility management services

Goods Release

All remaining suspense items have been investigated and addressed for year end closure. An updated inventory of non expendable property at headquarters has been compiled.

It's more expensive to transport goods. Prices of goods go up, inflation is affected.

The Property Control and Inventory Unit is in the process of conducting physical verification of non expendable assets and updating the records in the control system.

In addition, UNICEF had noted with concern the observation of the auditors concerning safeguarding of assets and was to improve its procedures for non expendable property.

In particular, goods produced domestically and imported goods need to be seen as perfect substitutes.

On 31 December 2004, the acquisition value of non expendable property recorded in the PeopleSoft and Asset Trak databases was 492,748,146, and the depreciated value was 166,218,375.

Non expendable property has been correctly categorized in note 9 to the financial statements for the first year of the 2004 2005 biennium, ending 31 December 2004.