The Finance and budget’s service provides support to Cedefop staff in forecasting, implementing and monitoring budget appropriations. It ensures internal and external reporting on finance and budget-related matters. It further ensures centralised financial verification for all transactions implemented on an annual budget of roughly €18 million in the last years, almost exclusively financed by European Union funds.
As from mid-2014, the Service also provides the necessary guidance and support for implementation of the required ex ante evaluations for all programmes or activities with an overall estimated budget expenditure exceeding EUR 200,000. In 2015, the first ex post evaluations for all programmes, projects or activities concluded in 2014 where the resources mobilised exceed EUR 500,000 will also have to be conducted, and Finance and Budget Service will contribute to elaborating the relevant methodology and process, guidance documents and templates.