Subsection 3: Financial and accounting system.

In terms of financial management and accounting, the public establishment La Monnaie de Paris is subject to the rules applicable to industrial and commercial companies. It keeps its general accounts in accordance with the regulations of the Autorité des normes comptables. It keeps analytical accounts.

The institution’s expenditure includes operating costs, expenditure on the acquisition of movable and immovable property, the cost of refurbishment, maintenance and major repairs to the buildings endowed to it and, in general, all expenditure necessary for the performance of its duties.

The school’s budget and annual accounts are drawn up for each year from 1st January to 31st December.

Unless otherwise decided by the Minister for the Economy, the funds of the public establishment are deposited with an accountant of the Directorate General of Public Finances and do not bear interest.

The establishment is subject to economic and financial control under the conditions laid down by decree no. 53-707 of 9 August 1953 relating to State control of national public companies and certain bodies with an economic or social purpose and by decree no. 55-733 of 26 May 1955 relating to the economic and financial control of the State.