A/HRC/10/57 page 10 relevant training and for technical assistance in the implementation of recommendations. The Board also suggested that the experience of the Voluntary Fund be taken into account for the administration of the universal periodic review funds. 32. The Board was updated on recent developments with regard to treaty body reform, including a new mechanism for individual complaints. It reiterated the importance of the treaty body system and emphasized the need for developing common policies and guidelines that would allow for a minimum of standardization with regard to States’ reporting obligations. The Board also emphasized the importance of providing technical assistance to States that do not have the institutional capacity to meet their reporting obligations. The Board was updated on the recent development of the Universal Human Rights Index, a tool for searching the most recent treaty body outcomes. The index is accessible in the six official languages of the United Nations. 33. In view of possible overlapping of universal periodic review and treaty body recommendations, and the concern that they could be competitive rather than complementary, the Board emphasized the need for a coordination mechanism between the universal periodic review mechanism and treaty bodies. At the same time, the Board acknowledged the importance of the recommendations of treaty bodies and special procedure with regard to universal periodic review compilations and discussions. 34. The Board was informed on recent developments with regard to special procedures, including the completed review of mandates and the selection of 27 new mandate holders. The Board was briefed on positive institutional developments in the area of information management and integration of the recommendations of special procedures into country engagement strategies. It also underlined the importance of ensuring continuity and of having an adequate mechanism for knowledge transfer. VII. FINANCIAL SITUATION OF THE VOLUNTARY FUND 35. The Finance and Budget Section and the Donor and External Relations Sections of OHCHR provide the Board of Trustees with an update on the financial situation of the Voluntary Fund at each session. As at 31 December 2008, the total estimated income of the Voluntary Fund was $14,264,720. The estimated balance is $10,910,058, considering the 2007 carry-over of $8,729,209. The fund balance will be used to meet the Voluntary Fund for Technical Cooperation 2009 budget amounting to $17,299,103. 36. The Board noted with interest the donation received from the MacArthur Foundation and encouraged the Office to continue building partnerships with the private sector. It also reiterated the importance of receiving funds from a wide range of donors, including from countries that benefit from the Fund, and would like to encourage those countries to contribute to the Fund, given that even modest contributions are an important sign of support for the activities carried out under it.