Recalling decision XXVII/18 on the financial report and budget of the trust fund for the Montreal Protocol,

Taking note of the financial report on the Trust Fund for the Montreal Protocol on Substances that Deplete the Ozone Layer for the year ended 31 December 2015,^[1]

Recognizing that voluntary contributions are an essential complement for the effective implementation of the Montreal Protocol,

Welcoming the continued efficient management by the Secretariat of the finances of the Trust Fund for the Montreal Protocol,

Noting the depletion of the funding balance in 2016,

1. To approve the revised 2016 budget in the amount of $6,772,162 and the 2017 budget of $5,355,004, as set out in annex IV to the report of the Twenty-Eighth Meeting of the Parties to the Montreal Protocol;^[2]
2. To reaffirm that a working capital reserve shall be maintained at a level of 15 per cent of the annual budget to meet the final expenditures under the Trust Fund, to note that such reserve shall be in the amount of $803,251 for 2017 and to take note of the proposed reserve for 2018 in the amount of $824,779;
3. To approve, as a consequence of funding the working capital reserve referred to in paragraph 2 of the present decision, total contributions to be paid by the parties of $4,276,933 for 2016 and $5,756,630 for 2017 and to take note of the contributions of $5,910,915 for 2018 as set out in annex V to the report of the Twenty-Eighth Meeting of the Parties and in the summary table immediately below;

   Summary of contributions
   Year	2017	2018
   Approved/proposed budget	5 355 004	5 498 526
   7.5% of budget to replenish cash reserve	401 625	412 389
   Total contributions	5 756 630	5 910 915

4. That the contributions of individual parties for 2017 and indicative contributions for 2018 shall be as listed in annex V to the report of the Twenty-Eighth Meeting of the Parties;
5. To note with concern that a number of parties have not paid their contributions for 2016 and prior years and to urge those parties to pay both their outstanding contributions and their future contributions promptly and in full, particularly given that the fund balance has been significantly depleted;
6. To request the Executive Secretary and to invite the President of the Meeting of the Parties to enter into discussions with any party whose contributions are outstanding for two or more years with a view to finding a way forward, and to request that the Executive Secretary report to the Twenty-Ninth Meeting of the Parties on the outcome of those discussions;
7. To decide to further consider, at its next meeting, how to address outstanding contributions to the trust fund and to request the Executive Secretary to continue to publish and regularly update information on the status of contributions to the Protocol's trust funds;
8. To request the Secretariat to ensure the full utilization of programme support costs available to it in 2017 and later years and where possible to offset those costs against the administrative components of the approved budget;
9. To invite parties to provide additional voluntary contributions to the trust fund entitled “Support of the Activities of the Ozone Secretariat” for any unbudgeted meetings;
10. In addition to the funds allocated from the core budget to cover the travel costs of representatives from parties operating under paragraph 1 of Article 5, to encourage parties to contribute to the trust fund entitled “Support of the Activities of the Ozone Secretariat” with a view to ensuring the full and effective participation of parties operating under paragraph 1 of Article 5 in the meetings of the Meeting of the Parties and the Open-ended Working Group;
11. To encourage parties and other stakeholders to contribute financially and by other means to assist the members of the assessment panels and their subsidiary bodies with a view to ensuring their continued participation in the assessment activities under the Protocol;
12. To request the Secretariat to indicate in future financial reports of the trust fund for the Montreal Protocol the amounts of cash on hand in the section entitled “Total reserves and fund balances” in addition to contributions that have not yet been received;