Financial Management Toolkit for recipients of EU funds for external actions

EuropeAid recently published this toolkit that aims to help recipients of EU funds for external actions to comply with the conditions for financial management set out in contracts for EU-financed external actions.

The objectives are to:

• provide basic, practical guidance in an easy-to-use format;
• raise awareness of existing EC Contractual Conditions;
• identify important risk areas, indicate what can go wrong and explain how these risks can be avoided;
• provide best practices, tools and templates.

On 118 pages the toolkit explains all relevant issues of internal monitoring, documentation, filing and record keeping, procurement, asset management, payroll and time management, cash and bank management, accounting and financial reporting. The pdf-document as well as the relevant excel sheets are available at: http://ec.europa.eu/europeaid/work/procedures/financial-management-toolkit_en.htm

The toolkit is not a set of rules in addition to the existing legal, contractual and regulatory framework and it is not a substitute for reading the EC Contractual Conditions and existing guides and instructions.

Information provided by Christine Bedoya, TRIALOG