The EC Donor Report is designed for submission to the EC and consistent with the budget categories agreed under the FAFA. It can be used for both fund-level co-financing (EC trust funds), as well as for project-level co-financing (cost sharing agreements signed with the EC). If ‘trust fund' is selected, the report will be generated for all projects funded from the selected fund.
Electronic Funds Transfers (EFT): When disbursing payments through the Electronic Funds Transfers (EFT), payment instructions are generated in electronic format using the batch process of the ‘PPR’ for using ‘TRF’ method..
EFT is an Electronic Funds Transfer method implemented with banks using a) ISO Standard 20022, b) and any other electronic method using a ICT approved security standards.
E-requisition is used to request procurement of goods or services, defining the specifications and covering other details such as what is needed, when it is needed, and where it is needed. From the e-requisition, a buyer will source the necessary goods or services, evaluate the offers of relevant suppliers, and conclude the process by placing a Purchase Order with a specified supplier.
Since 2015, the EU Pillar-Assessed Grant or Delegation Agreement (PAGoDA) templates was introduced. There are some specific reporting requirements for contracts funded through DG ECHO (EU Humanitarian Assistance) linked to their obligatory on-line platform used for submission of reports.
The Bureau for Management Services (BMS), Office of Financial Management (OFM), prepares three main papers for the Executive Board:a. Statistical Annex to the Annual Report of the Administratorb. Structured Funding Dialogue in collaboration with BERAc. Detailed annual review of the financial situation and appendixes – integrated as Annex I to Structured Funding Dialogue.
Includes disbursements and accruals for goods and services received, and the use or impairment of assets, dependent on the implementation arrangement and in accordance with administrative instructions issued by the Comptroller for a financial period.