Subsection 3: Financial and accounting rules

The budget comprises : 1° Revenue : a) Payments from the State, the European Union and the funds mentioned in articles L. 6331-2, L. 6331-4 and L. 6241-3 ; b) Repayments of advances and loans; c) Proceeds from the investment of available funds; d) Donations and legacies; e) Income from financial holdings; f) Proceeds from sales and rentals; g) Income from fees for services rendered; h) In general, any other…

The institution’s budget comprises nine financial sections: 1° A section dedicated to the financing of work-linked training, divided into five sub-sections: a) A sub-section dedicated to the equalisation between skills operators mentioned in 1° of article L. 6123-5 ; b) A sub-section dedicated to the financing of the driving licence subsidy mentioned in 1° of the same article; c) A sub-section dedicated to the payment to the regions of funds…

France Compétences keeps analytical accounts, the presentation principles of which are set by the Board of Directors.

The school’s budget includes a provisional profit and loss account and a provisional statement of changes in assets and liabilities on an accruals basis. The appropriations for staff costs, with the exception of staff recruited on a temporary or occasional basis, are limited and set in accordance with the stipulations of the three-year agreement on objectives and performance referred to in article L. 6123-11.

The budget for the year is submitted to the Board of Directors for approval before 30 November of the previous year. If, before the start of the financial year, the budget has not been approved by the Board of Directors on the opening date of the financial year, the revenue and expenditure operations are carried out on the basis of and within the limit of 80% of the budget approved…

France Compétences is subject to the economic and financial control of the State under the conditions set out in decree no. 55-733 of 26 May 1955 relating to the economic and financial control of the State. France Compétences is required to deposit its funds with the Treasury. However, by decision of the Minister for the Economy and the Minister for the Budget, France Compétences may be authorised to open a…