CHAPTER V: Financial provisions

The Corsican Assembly chooses to vote on the budget of the Corsican regional authority by nature or by function. .

The cross presentation, by function or by nature, provided for in Article L. 4425-7 is carried out between the finest level of the functional nomenclature and each of the three-digit nature accounts. For the administrative account, the cross-reference is made between the most detailed level of the functional nomenclature and the most detailed account opened in the nomenclature by nature. This cross-referenced functional presentation is not used for the administrative…

The accumulated result defined in article D. 4425-25 is allocated, when it is a surplus: 1° As a priority, to reserves to cover the financing requirement of the investment section arising at the close of the previous financial year; > 2° The balance is transferred to the operating surplus carried forward or to additional reserves. Where there is a deficit, it is added to the operating expenditure for the year….

For the application of article L. 4425-15, when the investment section of the budget shows a surplus, the following may be taken back into the operating section: -the proceeds from the sale of a fixed asset received as a gift or bequest, provided that it is not expressly allocated to investment; > -the proceeds from the sale of a fixed asset received as a gift or bequest, provided that it…

The documents mentioned in the penultimate paragraph of Article L. 4425-17 are made available online on the website of the Corsican regional authority, where such a website exists, under conditions guaranteeing: 1° They are fully accessible and in a non-modifiable format; > 2° They are free and easily accessible to the public, both for reading and downloading; > 3° Their conformity with the documents submitted to the Assembly of Corsica;…

The summary data on the financial situation of the Corsican local authority, provided for in 1° of Article L. 4425-18, include the following ratios: 1° Real operating expenditure / population; > 2° Actual operating revenue/population; > 3° Gross capital expenditure/population; > 4° Outstanding debt/population; 5° Global operating grant/population; > 6° Staff costs/real operating expenditure; > 7° Real operating expenditure and net debt/ population; 7° Real operating expenditure and annual capital…