CHAPTER IIFINANCIAL MANAGEMENT ...
SECTION 2EAGF accounts
F1Article 11General rules on the declaration of expenditure and on assigned revenue
1.
Without prejudice to the special provisions on declarations of expenditure and revenue relating to public storage referred to in Article 12, expenditure and F2declared revenue by paying agencies in respect of a given month shall correspond to payments and receipts actually effected during that month.
That expenditure and revenue shall be entered in the accounts of the F3direct payment support F4CMO support in respect of financial year N.
F5...
2.
Expenditure and F6declared revenue shall be taken into consideration on the date on which the account of the paying agency was debited or credited. However, for payments, the date to be taken into consideration may be the date on which the agency concerned issued the payment document and sent it to a financial institution or to the beneficiary. Each paying agency shall use the same method throughout the financial year.
3.
F7...
Where corrections to assigned revenue lead, at paying agency level, to the declaration of negative revenue assigned for a budget line, surplus corrections shall be carried over to the following month. They shall, where appropriate, be settled when the accounts for the year concerned are cleared.
4.
Payment orders which are not executed and payments debited to the account, then re-credited, shall be shown in the accounts as deductions from expenditure in respect of the month during which the failure to execute or the cancellation is reported to the paying agency.
5.
Where payments due under F8direct payment supportF9CMO support are encumbered by claims, they shall be deemed to have been effected in their entirety for the purpose of applying paragraph 1:
(a)
on the date of the payment of the sum due to the beneficiary, if the claim is less than the expenditure settled;
(b)
on the date of set-off, if the expenditure is less than or equal to the claim.
F105A.
This Article does not apply in relation to public intervention schemes in England, otherwise than in connection with exceptional market conditions which are the subject of a declaration under section 20 of the Agriculture Act 2020.
F115B.
This Article ceases to apply in relation to public intervention schemes in Scotland, otherwise than in connection with public intervention measures which the appropriate authority takes under Article 219(1) of Regulation (EU) No 1308/2013, for a period of five years beginning on 1 July 2023.
F125C.
This Article does not apply in relation to public intervention schemes in Wales.
F136.
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