In the interest of prudent financial management, up to half of the value of conditional pledges from governments and firm pledges made by organizations of established repute are recognized as income at the time the pledge is received. In addition, such Financial Reports are included in the Regional Overviews for East and Horn of Africa, the former Yugoslavia and Albania and Eastern Europe to provide an overview of total expenditure under the funds covering Special Programmes in these regions. For the purposes of this Global Report, most Financial Reports include costs at Headquarters under the headings Programme Delivery and Administrative Support . Other Funds Available includes cancellations, transfers and refunds. Closing Balance represents the carry-over into the subsequent year.
Obligation refers to an allocation of available funds constituting the ceiling for disbursements.
Obligations are liquidated by payment, by delivery in kind or by cancellation. Expenditure represents the amount of funds obligated. Unliquidated Obligations represent amounts yet to be disbursed. Transit Account is a temporary account from which entries are cleared to their final destination. These amounts will be cleared upon receipt of financial reports from the partners, which indicate to which specific sector the amounts should be allocated.