11. 12, 86 Official Journal of the European Communities No L 349/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EEC, EURATOM, ECSC) No 3760/86 of 8 December 1986 amending Regulation (EEC, Euratom, ECSC) No 2891/77 implementing the Decision of 21 April 1970 on the replacement of financial contributions from Member States by the Communities’ own resources THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Coal and Steel Community, and in particular Article 78h thereof, Having regard to the Treaty establishing the European Economic Community, and in particular Article 209 thereof, Having regard to the Treaty establishing the European Atomic Energy Community, and in particular Article 183 thereof, Having regard to Decision 85/257/EEC, Euratom of 7 May 1985 on the Communities’ system of own re- sources ('), and in particular Article 7 (2) thereof, Having regard to the proposal from the Commission (3), Having regard to the opinion of the European Parliament (%), Having regard to the opinion of the Court of Auditors (), Whereas the practical application of Regulation (EEC, Euratom, ECSC) No 2891/77 () has revealed that a number of its provisions require adjustment ; Whereas it appears necessary to adjust certain provisions relating to the making available to the Commission of adjustments to the monthly entries of own resources derived from value added tax, hereinafter referred to as ‘VAT resources’, or financial contributions based on gross national product referred to in Article 3 (7) and (8) of Decision 85/257/EEC, Euratom, hereinafter referred to as ‘GNP-based financial contributions’, consequent upon an amending or supplementary budget; Whereas the provisions relating to the making available of VAT resources or GNP-based financial contributions if the budget has not been finally adopted before the begin- ning of the financial year require clarification ; () OJ No L 128, 14. 5. 1985, p. 15. () OJ No C 231, 4. 9. 1982, p. 15, and OJ No C 146, 4. 6. 1983, p. 4. () OJ No C 13, 17. 1. 1983, p. 220. () OJ No C 133, 20. 5. 1983, p. 3. () OJ No L 336, 27. 12. 1977, p. 1. Whereas the provisions relating to the adjustment of GNP-based financial contributions following receipt of the annual statements of VAT resources require clarifica- tion ; Whereas Regulation (EEC, Euratom, ECSC) No 2891/77 should be supplemented so as to contain provisions relating to the budgetary management of corrections to the annual statements of VAT resources; Whereas the concept of cash resource requirements calls for clarification ; Whereas the balance to be carried forward to the next financial year should be redefined, HAS ADOPTED THIS REGULATION : Article 1 Regulation (EEC, Euratom, ECSC) No 2891/77 is hereby amended as follows : 1. In Article 1, for ‘Decision of 21 April 1970’ read ‘Decision 85/257/EEC, Euratom’; 2. The following paragraph shall be added to Article 3 : ‘If verification of these supporting documents by the national administration alone or in conjunction with the Commission shows that a finding to which they relate may have to be corrected, they shall be kept beyond the time limit provided for in the first sub- paragraph for a sufficient period to permit the cor- rection to be made and monitored.’ 3. Article 5 shall become Article 8 and be replaced by the following : Article 8 Each Member State shall draw up yearly a summary account of entitlements established together with a report on the establishment and entry in the accounts of own resources and shall forward this to the Commission before 1 May of the year following the financial year in question.