CHAPTER 1

The report on budgetary and financial management during the year shall give an accurate description of: the achievement of the objectives for the year, in accordance with the principle of sound financial management; the financial situation and the events which have had a significant influence on activities during the year. The report on budgetary and financial management shall be separate from the reports on implementation of the budget. Where, in a specific case, the accounting officers consider that an exception should be made to the content of one of the accounting principles outlined in the Union accounting rules, that exception shall be duly substantiated and reported in the notes to the financial statements referred to in Article 232. Each entry shall be based on dated and numbered supporting documents, produced on paper or on a medium which guarantees the reliability and safeguarding of its content for the periods laid down in Article 48. Operations of the same type, carried out in the same place and on the same day may be summarised in a single supporting document. The statement of financial performance shall show the income and charges for the year, classified according to their nature. The cash flow statement shall report cash flows during the period showing the movement between opening and closing treasury amounts. The treasury shall be made up of the following: cash in hand; bank accounts and deposits payable on demand; other disposable assets which can quickly be converted to cash and whose value is stable. The notes referred to in article 145 of the Financial Regulation shall form an integral part of the financial statements. The notes shall contain at least the following information: accounting principles, rules and methods; explanatory notes, supplying additional information not contained in the body of the financial statements which is necessary for a true and fair view. The budgetary outturn accounts shall contain: information on revenue comprising: changes in the revenue estimates in the budget; the revenue outturn; entitlements established; information showing changes in the total commitment and payment appropriations available; information showing the use made of the total commitment and payment appropriations available; information showing commitments outstanding, those carried over from the previous year and those made during the year. As regards information on revenue, a statement shall also be attached showing, for each Member State, the breakdown of amounts of own resources still to be recovered at the end of the financial year and covered by a recovery order. Provisional accounts and the final accounts referred to in Articles 147 and 148 of the Financial Regulation may be sent by electronic means.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.