No L 350/82 Official Journal of the European Communities 14. 12. 90 COMMISSION DECISION of 30 November 1990 on the clearance of the accounts presented by the Member States in respect of the expenditure for 1988 of the Guarantee Section of the European Agricultural Guidance and Guarantee Fund (90/644/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common -agricul- tural policy (), as last amended by Regulation (EEC) No 2048/88 (%), and in particular Article 5 (2) thereof, After consulting the Fund Committee, Whereas, pursuant to Article 5 (2) (b) of Regulation (EEC) No 729/70, the Commission, on the basis of the annual accounts presented by the Member States, clears the accounts of the authorities and bodies  referred to in Article 4 of that Regulation; Whereas the Member States have transmitted to the Commission the documents required to clear the accounts for 1988 ; whereas Council Regulation (EEC) No 3183/87 of 19 October 1987, setting out specific rules on the financing of the common agricultural policy (%), provides that the 1988 financial year began in November 1987 after the Community’s financial resources made available to the Member States had been exhausted; whereas Regulation (EEC) No 2048/88 provides that this financial year ends on 15 October 1988 ; Whereas the Commission has carried out on-the-spot inspections as provided for in Article 9 (2) of Regulation (EEC) No 729/70; Whereas Article 8 of Commission Regulation (EEC) No 1723/72 of 26 July 1972 on the clearance of accounts of the European Agricultural Guidance and Guarantee Fund, Guarantee Section (*), as last amended by Regulation (EEC) No 295/84 (%), provides that the decision to clear the accounts must include the. determination of the amount of expenditure incurred in each Member State during the financial year in question recognized as char- geable to the Guarantee Section of the Fund; whereas Article 102 of the Financial Regulation of 21 December () OJ No L 94, 28. 4. 1970, p. 13. () OJ No L 185, 15. 7. 1988, p. 1. () OJ No L 304, 27. 10. 1987, p. 1. () OJ No L 186, 16. 8. 1972, p. 1. () O] No L 30, 2. 2. 1988, p. 7. 1977 (), as last amended by Regulation (Euratom, ECSC, EEC) No 610/90 (), provides that the outcome of the clearance decision, i.e. any discrepancy which may exist between the total expenditure booked to the accounts for . a financial year pursuant to Articles 100 and 101 and the total expenditure recognized as allowable by the Commis- sion when clearing the accounts is to be booked, under a single article, as additional expenditure or a reduction in expenditure ; Whereas, pursuant to Articles 2 and 3 of Regulation (EEC) No 729/70, only refunds on exports to third coun- tries and intervention to stabilize agricultural markets, respectively granted and - undertaken according to Community rules within the framework of the common organization of the agricultural markets, may be financed ; whereas the inspections carried out show that a part of the expenditure declared by the Member States does not meet these conditions and therefore must be disallowed ; whereas the amounts declared by each of the Member States concerned, those recognized as chargeable to the EAGGF Guarantee Section and the differences between the two amounts and the differences between the expen- diture recognized as chargeable to the EAGGF Guarantee Section and that charged in respect of the year are shown in the Annex to this Decision ; Whereas the Member States have been fully informed of the corrections made to their accounts and have been able to give their views thereon; Whereas the expenses declared by Italy relating to aid for the consumption of olive oil amounting to Lit 183 369 315937 and by Greece relating to aid for the _ production of cotton amounting to Drs 48 065056 733 are not covered by the present Decision, given that further examination of these cases is necessary ; whereas these amounts have therefore been deducted from the expenditure declared by the Member States in respect of the year under consideration and will be cleared subse- quently ; whereas, in addition, as regards the premiums paid by Greece for leaf tobacco for the 1981 to 198S crops, the securities lodged under Commission Regulation (EEC) No 1726/70(*) as last amended by Regulation (EEC) No 4263/88 (*), will also be cleared subsequently; whereas these cases will be cleared on the basis of supple- (9 OJ No L 356, 31. 12. 1977, p. 1. ) OJ No L 70, 16. 3. 1990, p. 1. () OJ No L 191, 27. 8. 1970, p. 1. () OJ No L 376, 31. 12. 1988, p. 34.