XII.4 The Committee also decided that:
- A balance sheet should be presented by the Director of the Centre at the end of each year.
- An amount of US$2 million of the undisposed balance of the Fund should be blocked as a Contingency Reserve.
- The Chairperson was authorized to commit up to 20% of the 1995 indicative budget in 1994 for 1995 expenditure if it was considered necessary for the smooth implementation of the programme, on condition that such commitments are within the limits of funds available and that expenditure was made in accordance with the Operational Guidelines for the implementation of the World Heritage Convention.