No L 181/26 Official Journal of the European Communities 23.7.93 COUNCIL REGULATION (EEC) No 1949/93 of 30 June 1993 amending Regulation (EEC) No 1417/76 on the financial provisions applying to the Furopean Foundation for the Improvement of Living and Working Conditions THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article 209 thereof, Having regard to Council Regulation (EEC) No 1365/75 of 26 May 1975 establishing a European Foundation for the Improvement of Living and Working Condmons( )s and in particular Article 16 thereof, Having regard to the proposal from the Commission (3), Havingb regard to the opinion of the European Parliament (%), ' Having regard to the opinion of the Court of Auditors (%), Whereas, pursuant to Article 130 of the Financial Regulation applicable to the general budget of the European Communities of 21 December 1977 (°), the financial provisions governing the Foundation should approximate as closely as possible to the provisions of the Financial Regulation and must therefore be updated; Whereas the Treaty of 22 July 1975 amending certain financial provisions of the Treaties establishing the European Communities and of the Treaty establishing a single Council and a single Commission of the European Communities modified the procedure for giving a discharge to the Commission in respect of the. implementation of the budget and substituted the Court of Auditors for the Audit Board in all the texts referring to the Audit Board; Whereas Regulation (EEC) No 1417/76 (¢) should be amended accordingly, (1) OJ No L 139, 30. 5. 1975, p. 1. Regulation as amended by Regulation (EEC) No 1947/93 (See page 13 of this Official Journal). (3 O] No C 23, 31. 1. 1991, p. 38 and OJ No C 130, 21. 5. 1992, p. 37. (3 OJ No C 13, 20. 1. 1992, p. 527. {*) OJ No C 152, 10. 6. 1991, p. 3. (%) OJ No L 356, 31. 12. 1977, p. 1. Regulatlon as last amended by Regulation (EEC) No 610/90 (O] No L 70, 16. 3. 1990, p.- 1.). ¢y O] No L 164, 24. 6. 1976, p. 16. HAS ADOPTED THIS REGULATION: Article 1 Regulation (EEC) No 1417/76 is hereby amended as follows: 1. Article 1 (2) is replaced by the following paragraphs 2 and 3: 2. Expenditure may not be authorized for a period extending beyond the financial year. 3.  Administrative expenditure arising from: — contracts which have been concluded, in accordance with local usage, or - — contractual provisions relating, in particular, to - the supply of equipment, for the periods extending beyond the financial year shall be charged to the statement of revenue and expenditure for the financial year in which it is effected.’; 2. Article 2 is replaced by‘the‘ following: ‘Article 2 The budget appropriations must be used in -accordance with the principles of sound financial management, and in particular those of economy and cost-effectiveness. Quantified objectives must be identified and the progress of thenr reahzatlon monitored.’; 3. Article 3 (1) is replaced by the followir;g: ‘l.  Subject to Article 22, all revenue and expenditure shall be entered in full in the statement of revenue and expenditure and in the accounts without any adjustment against each other.’; 4. Article 3 (2): o (a) the first subparagraph is replaced by the following: 2. Total expenditure. revenue shall cover total However, certain revenues shall not be used for any other purpose, notably: — revenue earmarked for a specific purpose, such as income from foundations, subsidies, gifts and bequests,