Article R1222-11 of the French Public Health Code
Each year, the President of the institution presents to the Board of Directors an estimate of income and expenditure, which includes : 1° An operating section ; 2° A limited capital transactions section. When presenting the financial statements, the Chairman reports to the Board of Directors on the implementation of the estimates of revenue and expenditure and off-balance sheet commitments. The Board of Directors receives the annual accounts of all…