The Financial Control Unit within the Funds & Programmes Division was set up to provide an added level of assurance to the Head as regards the financial management and control of funds falling under the Division. Through its direct reporting to the Head and also given that the Unit is independent of the verifications undertaken by the project desk officers, the nature of its function and its governance structure make it a very important aspect of the management and control structures.
The Unit assures that projects within the Asylum Migration and Integration Fund, Internal Security Fund, European Maritime and Fisheries Fund, Bilateral Programmes that includes EEA/Norway Funds, and Territorial Cooperation Programmes that includes Italia-Malta, Interreg Med Programme, Interreg Europe Programme and ENI CBC Med Programme are managed effectively and expenditure is properly reported. The risk-based methodology adopted confirms the validity and eligibility of the listed expenditure whilst also confirming that it was incurred in operations that were selected for funding and that is in line with the Grant Agreements.
The Financial Control Unit within the Funds and Programmes Division conducts verification checks on expenditure incurred, quality of the system and adherence to regulations for all funding instruments. The Unit also monitors any delayed expenditure claims and takes any follow up action as required.