- the accounts of the World Heritage Fund for the financial period 1998-1999, certified by the auditors within the framework of the UNESCO General Audit; and
- the Fund accounts for the year 2000 approved by the Comptroller and which will be part of the external audit for the financial period 2000-2001.
45. He explained each one of the financial statements and tables contained in this document, noting that it reflected the actual financial situation as at the end of the 1998-1999 biennium and the end of 2000.
46. The Delegate of Canada requested clarification as to the difference between the contingency reserve and the operating reserve (Statement II: Balance Statement of Assets, Liabilities, Reserves and Fund Balance as at 31 December 1999). The representative of the Comptroller recalled that the Reserve for unforeseen expenses amounting to 2 million US dollars, had been established following the decision of the Committee at its 17th session, and that it concerned long-term economies destined to ensure a cash reserve for the budget of the Fund.
47. The Chairperson proposed that the General Assembly approve the accounts for the period 1998-1999 and to take note of the accounts for 2000. The Assembly took note of the document and approved the accounts.