Amending budget 1/2011: mobilisation of the EU Solidarity Fund; flooding in Poland, Slovakia, Hungary, Czech Republic, Croatia and Romania
On 14 January 2011, the Commission forwarded to the Council draft amending budget (DAB) No 1 to the general budget for 2011, relating to the mobilisation of the EU Solidarity Fund for a total amount of EUR 182 388 893 in commitment and payment appropriations. The objective of the financial assistance is to cover damages caused by heavy rainfall and flooding that hit Poland, Slovakia, the Czech Republic, Hungary, Romania and Croatia during the months of May, June and July 2010.
The corresponding appropriations are to be recorded under Article 13 06 01 (EU Solidarity Fund - Member States) for an amount of EUR 178 562 910 and under Article 13 06 02 (EU Solidarity Fund - Countries negotiating for accession) for an amount of EUR 3 825 983.
The Council reached an agreement on the following position:
- to accept the mobilisation of the Fund and the amount proposed by the Commission;
- to establish a "negative reserve" as provided for in Article 44 of the Financial Regulation for compensating the payment appropriations by creating Chapter 40 03 (Negative Reserve) with a total amount of -EUR 182 388 893. This amount will have to be drawn up as soon as possible and in any case before the end of the financial year by means of transfers in accordance with the procedure laid down in Articles 23 and 24 of the Financial Regulation.
On 15 March 2011, the Council adopted its position on draft amending budget No 1 of the European Union for the financial year 2011 as set out in the technical annex to this explanatory memorandum (see Council doc. 7704/11 ADD 1).