Decision 25/2019 of the Governing Board of the European Institute of Innovation and Technology (EIT) on adopting the EIT budget amendment No 2/2019

THE GOVERNING BOARD OF THE EUROPEAN INSTITUTE OF INNOVATION AND TECHNOLOGY ​​​​​​:

Having regard to Regulation (EC) No 294/2008 of the European Parliament and of the Council of 11 March 2008
establishing the European Institute of Innovation and Technology, as amended by Regulation (EU) No 1292/2013 of
the European Parliament and of the Council of 11 December 2013 (hereinafter referred to as the "EIT Regulation"),
and in particular Article 20(8) and (10) thereof and Section 2(a) of the Statutes annexed to the EIT Regulation;

Having regard to the Decision of the Governing Board of the EIT of 25 September 2019 on the Financial Regulation
of the European Institute of Innovation and Technology, and in particular Article 34 thereof;

Having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018
on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU)
No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014,
(EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012;

Having regard to Decision 41/2018 of the Governing Board of the EIT of 20 December 2018 on adopting the EIT
budget and establishment plan for the financial year 2019;

Having regard to Decision 02/2019 of the Governing Board of the EIT of 15 February 2019 on adopting the EIT budget
amendment No 1/2019;

Having regard to Decision 01/2019 of the EIT Interim Director of the EIT of 27 May 2019 on the transfer of
appropriations in the budget for the financial year 2019 No 1;

Having regard to Decision 15/2019 of the EIT Interim Director of the EIT of 11 July 2019 on the transfer of
appropriations in the budget for the financial year 2019 No 2;

Having regard to Decision 23/2019 of the EIT Interim Director of the EIT of 12 October 2019 on the transfer of
appropriations in the budget for the financial year 2019 No 3;

Having regard to Decision 26/2019 of the EIT Interim Director of the EIT of 4 November 2019 on the transfer of
appropriations in the budget for the financial year 2019 No 4;

Having regard to Decision 34/2019 of the EIT Interim Director of the EIT of 3 December 2019 on the transfer of
appropriations in the budget for the financial year 2019 No 5;

WHEREAS
(1) The EIT Governing Board adopted the EIT's budget and establishment plan for the financial year 2019 on 20
December 2018.
(2) The revenue of a financial year shall be entered in the accounts for the financial year based on the amounts
collected during the financial year. In line with rigorous cash management EIT requested less EU subsidy than
authorised, therefore the income and payment appropriations shall be adjusted accordingly.
(3) EIT collected revenue from administrative type operations as well as recovered amounts wrongly paid.
(4) Technical adjustment in the calculation of the budget outturn 2018 resulted in a slight change in the amount
of 2018 surplus.
(5) EIT has recovered the unduly justified expenses related to KICs' grant agreements for 2017 based on the expost
audit procedure performed by EIT.
(6) The EIT Director reviewed the implementation of the budget as well as the annual work programme in order
to reflect actual and foreseen implementation until the end of year.


HAS DECIDED AS FOLLOWS:

Article 1
The budget amendment No 2/2019, with the breakdown detailed in Annex I to this decision, is hereby adopted for a
total commitment appropriation of EUR 557,896,982.73 and for a total payment appropriation of EUR
424,605,770.66.

Article 2
This decision shall enter into force on the date of its signature.

[Signed]

Dirk Jan van den Berg
Chair of the EIT Governing Board
Annex I - Statement of revenue and expenditure of the EIT for the financial year 2019 EIT budget amendment No 2

Decision 25/2019 of the Governing Board of the European Institute of Innovation and Technology (EIT) on adopting the EIT budget amendment No 2/2019