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is the main purpose of the Budget Reform Strategy?","Question",{"text":63,"@type":64},"To improve how the Commission develops budgets and manages finances by adopting a more strategic, transparent, and costed approach aligned with Commission-set priorities.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How will the Commission ensure balanced budgets?",{"text":68,"@type":64},"The Commission will always set a balanced budget, and if additional expenditure is required, extra funds must be raised or equivalent savings made before approval.",{"name":70,"@type":61,"acceptedAnswer":71},"What budgeting approach will be used for planning horizons?",{"text":72,"@type":64},"The Commission will plan its budget over four years instead of two, with a four-year cycle structured as described in the accompanying 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............................................................................................................................................ 2  \nPrinciples ................................................................................................................................................. 3  \nBudget Preparation ................................................................................................................................. 3  \nBalanced Budgets ............................................................................................................................ 3  \nFour-year budget planning ............................................................................................................. 3  \nAligning Scientific Committee budget and work cycles .................................................................. 4  \nZero-based budgets ........................................................................................................................ 4  \nConsistently costed work plans for subsidiary bodies .................................................................... 4  \nConsistently costed Commission proposals .................................................................................... 4  \nModern Budgeting and Financial Management ..................................................................................... 5  \nClear audit trails .............................................................................................................................. 5  \nSpend core funds in corresponding year ........................................................................................ 5  \nRoles, responsibilities and accountability ....................................................................................... 5  \nTransparency & independent audit ................................................................................................ 5  \nMaintaining minimum cash-equivalent reserves............................................................................ 5  \nDevelopment of a Treasury Management Strategy........................................................................ 5  \nVarying budgets mid-biennium....................................................................................................... 6  \nRaising Money......................................................................................................................................... 6  \nFundraising ...................................................................................................................................... 6  \nVoluntary funds............................................................................................................................... 6  \nImplementation ...................................................................................................................................... 7  \nProposed timeline ........................................................................................................................... 7  \nANNEX A – REVISED FINANCIAL REGULATIONS .................................................................................... 8  \nANNEX B – MANAGEMENT OF VOLUNTARY FUNDS ........................................................................... 27  \nANNEX C – TEMPLATE FOR COSTING: SUBSIDIARY BODY WORK PLANS; RESEARCH AND PROJECT PROPOSALS......................................................................................................................... 30  \nANNEX D – TEMPLATE FOR COSTING: WORKSHOPS AND TRAINING EVENTS ................................... 34  \nANNEX E – COVER SHEET: RESOLUTIONS/SCHEDULE AMENDMENTS ............................................... 38  \nIntroduction  \nThe report of the independent review of the Commission’s institutional and governance arrangements recommended that “a mo","cbCaikYxvUCiDJ3O","https://ap.wps.com/l/cbCaikYxvUCiDJ3O","pdf",558233,39,"English","# Introduction\n# Principles\n## Budget Preparation\n## Modern Budgeting and Financial Management\n# Implementation\n## Proposed timeline\n# Annexes\n## ANNEX A – Revised Financial Regulations\n## ANNEX B – Management of Voluntary Funds\n## ANNEX C – Template for Costing: Subsidiary Body Work Plans; Research and Project Proposals\n## ANNEX D – Template for Costing: Workshops and Training Events\n## ANNEX E – Cover Sheet: Resolutions/Schedule Amendments","[{\"question\":\"What is the main purpose of the Budget Reform Strategy?\",\"answer\":\"To improve how the Commission develops budgets and manages finances by adopting a more strategic, transparent, and costed approach aligned with Commission-set priorities.\"},{\"question\":\"How will the Commission ensure balanced budgets?\",\"answer\":\"The Commission will always set a balanced budget, and if additional expenditure is required, extra funds must be raised or equivalent savings made before approval.\"},{\"question\":\"What budgeting approach will be used for planning horizons?\",\"answer\":\"The Commission will plan its budget over four years instead of two, with a four-year cycle structured as described in the accompanying outline.\"}]","Budget Reform Strategy - August 2022 - strategy and financial budgeting reforms | PDF",1789168549]