Recalling decision XXI/32 on financial matters,

Taking note of the financial report on the Trust Fund for the Montreal Protocol on Substances that Deplete the Ozone Layer for the biennium 2008-2009, ended 31 December 2009,

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 Montreal Protocol Trust Fund,

1. To approve the revised 2010 budget in the amount of 4,955,743 United States dollars and the 2011 budget in the amount of $4,835,740 and to take note of the proposed budget of $4,943,796 for 2012, as set out in annex I to the report of the Twenty-Second Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer;
2. To authorize the Secretariat to draw down $558,807 in 2011 and to note the proposed drawdown of $666,863 in 2012;
3. To approve, as a consequence of the drawdowns referred to in paragraph 2 above, total contributions to be paid by the parties of $4,276,933 for 2011 and to note the contributions of $4,276,933 for 2012, as set out in annex II to the report of the Twenty-Second Meeting of the Parties;
4. That the contributions of individual parties for 2011 shall be listed in annex II to the report of the Twenty-Second Meeting of the Parties;
5. To authorize the Secretariat to maintain the operating cash reserve at 15 per cent of the 2011 budget to be used to meet the final expenditures under the Trust Fund;
6. To urge all parties to pay both their outstanding contributions and their future contributions promptly and in full;