Amendment No. 2 to the Management Delegation Agreement of January 4, 2023 Relating to the Financial Management Center Placed under the Authority of the Budgetary and Accounting Controller of the Economic and Financial Ministries (Operations of the Shared Service)
December 30, 2024
Summary
Amendment No. 2 to the Management Delegation Agreement of January 4, 2023 was published in the Official Journal of the French Republic on December 30, 2024. This amendment modifies the original agreement, which related to the delegation of management of the Financial Management Center (CFC) to the Budgetary and Accounting Controller of the Economic and Financial Ministries (CBCMMEF).
Key Changes
The key changes introduced by Amendment No. 2 include:
- Extension of the scope of the CFC’s activities: The CFC’s responsibilities are expanded to include the management of financial operations related to the Shared Service, which provides common administrative and support services to the Economic and Financial Ministries.
- Clarification of the CFC’s role in budget execution: The amendment clarifies that the CFC is responsible for executing the budget of the Shared Service, including managing expenses and revenues.
- Strengthening of the CFC’s internal control system: The amendment introduces measures to strengthen the CFC’s internal control system, including the implementation of an internal audit function and the establishment of a risk management framework.
- Improved reporting and monitoring mechanisms: The amendment establishes new reporting and monitoring mechanisms to ensure the transparency and accountability of the CFC’s operations.
Implementation
The provisions of Amendment No. 2 are effective as of December 30, 2024. The CBCMMEF is responsible for implementing the changes outlined in the amendment.
Significance
Amendment No. 2 is a significant development in the management of the French Economic and Financial Ministries. It strengthens the role of the CFC and enhances its ability to support the Ministries in the efficient and effective management of their financial resources. The amendment also aligns the CFC’s operations with best practices in financial management and internal control.
Avenant n° 2 à la convention de délégation de gestion du 4 janvier 2023 relative au centre de gestion financière placé sous l’autorité du contrôleur budgétaire et comptable ministériel des ministères économiques et financiers (opérations du Service Commun
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