# Council Decision of 24 June 1988 on the system of the Communities' own resources (88/376/EEC, Euratom), Article 7

Extent: E+W+S+N.I.

Any surplus of the Communities' revenue over total actual expenditure during a financial year shall be carried over to the following financial year. However, any surplus generated by a transfer from EAGGF Guarantee chapters to the monetary reserve shall be regarded as constituting own resources.

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Source: https://www.legislation.gov.uk/eudn/1988/376/article/7 (the official version)
Page: https://openlegislation.uk/eu-decision-1988-376/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.