FLUXUL FINANCIAR AL FONDURILOR STRUCTURALE I DE COEZIUNE

Sursa: Ministerul Economiei i Finanelorof funds: Flow

1) Indirect payment for 5 OPs: Human Resources, Administrative Capacity, Economic Competitiveness, Regional, TA 2) Direct payment for Transport and Environment

System Audit Sample checks Statement of validity (winding-up)

Audit Authority

Transfers the pre-financing Approves and transfers the interim payments to the CPA Transfers the final payment to the CPA after the approval of the specific supporting documents Verifies that there are apropriate control procedures at MA/IB level If necessary, performs on the spot checks at lower levels Submits the interim payment applications + their certification to the EC, at least 3 times a year

European Commission

Certifying and Paying Authority

Level 3: Certification of expenditure

Submits to the EC the final payment application Transfers to the EC unused sums + recovered amounts resulting from irregularities Makes payments to Beneficiaries Transfers the funds to the paying units

Level 2: Verification of expenditure

Level 1: Verification of expenditure*

Managing Authority / Intermediate Body Confirms that the claims include only expenditure: that has been actually incurred incurred in operations that were selected for funding in accordance with selected criteria & procedures from measures for which all state aid has been formally approved by EC Performs on the spot checks at the lower levels, based on risk analysis Assures itself that there are adequate controls performed at lower level Submits the payment claim + confirms it to CPA

Paying Unit Makes the payments to the Beneficiaries

Internal control

Verifies the accuracy, actuality and eligibility of expenditures (ex-ante) Submits the application for reimbursement to the MA/IB + supporting documents

Beneficiary

Flow of documents Flow of funds

Issues the invoices to the Beneficiary

Contractor