# Commission Regulation (EC) No 1653/2004 of 21 September 2004 on a standard financial regulation for the executive agencies pursuant to Council Regulation (EC) No 58/2003 laying down the statute for executive agencies to be entrusted with certain tasks in the management of Community programmes, Article 7

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

The appropriations entered in the budget shall be authorised for one financial year which shall run from 1 January to 31 December.
The appropriations entered in the budget shall be non-differentiated appropriations.
Administrative expenditure arising from contracts covering periods that extend beyond the financial year, either in accordance with local practice or relating to the supply of equipment, shall be charged to the budget of the financial year in which it is effected.

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Source: https://www.legislation.gov.uk/eur/2004/1653/article/7 (the official version)
Page: https://openlegislation.uk/eu-regulation-2004-1653/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.