PURPOSE: to
present the report of the Court of Auditors on the 2007 accounts of the
European Training Foundation (ETF).
CONTENT: the
Court of Auditor’s report includes a detailed section on the European
Training Foundation’s expenditure and an analysis of the expenditure, as well
as the Foundations’s replies.
- Analysis
of the accounts by the Court: in its report,
the Court makes a number of observations, particularly with regard to
the presentation of the budget. The budget incorporates the amount of
assigned revenue (included in an amending budget). However, this amount
is incorrect. It should have been EUR 1.2 million instead of the
EUR 3.4 million shown, which erroneously included assigned revenue
carried over from the previous year;
- The
Agency’s replies: the Foundation takes notes
of the Court’s observation and states that, while at no stage was the
principle of transparency disrespected, further efforts will be made to
align ETF’s budget presentation practices with regulatory requirements.