EX.CL/Dec.1031(XXXIV) Page 3 D. ON ARREARS AND DEBTS OF THE UNION 16. RECALLS the decision Ext/EX.CL/Dec.1 (XX) during its 20 th Extraordinary Session held in November 2018 in Addis Ababa, Ethiopia approving the payment of US$11 million salary arrears that the AU owes its staff; 17. AUTHORIZES the setting up of an accrual of salary arrears in the Financial Statements of 2018 in compliance with the requirements of the International Public Sector Accounting Standards (IPSAS) as adopted in January 2013 Decision EX.CL/Dec.728(XXII); 18. DIRECTS the F15 to look into funding options to clear the salary arrears and submit them for consideration and decision by the 35th Ordinary Session of the Executive Council in July 2019; 19. REQUESTS the Commission to work out modalities and a plan of payment of debt owed by the Union including to Member States and report to the 35 th Ordinary Session of the Executive Council in July 2019; E. 20. ADOPTS the Administrative Reforms Road Map referenced EX/CL/1104(XXXIV)iRM and DIRECTS the Commission, in collaboration with the PRC, to ensure its implementation in line with the deadlines therein and report on progress in each Ordinary Session of the Executive Council; F. 21. ON THE ROADMAP ON THE PREFERENTIAL EXCHANGE RATE REQUESTS the Commission to: i) Draft, in consultation with the AU Permanent Missions in Brussels and Geneva and submit to the Sub-Committee for review and input a consultant’s Terms of Reference regarding a study on the preferential rate for Geneva and Brussels Missions; and hire a consultant to undertake the study in accordance with the TORs by end of April 2019; ii) Maintain the status quo on preferential rate pending the outcome of the study and a decision by the policy organs. 34th Ordinary Session of the Executive Council, 7- 8 February 2019, Addis Ababa, Ethiopia