Article 19 Operational and financial planning

The Executive Director shall draw up and submit for adoption to the Governing Board a draft annual work plan, on the basis of the S2R Master Plan, which shall include a detailed plan of the research and innovation activities, the administrative activities and the corresponding expenditure estimates for the coming year. The draft work plan shall also include the estimated value of the contributions to be made in accordance with point (b) of Article 16(3).

The annual work plan for a particular year shall be adopted by the end of the previous year. The annual work plan shall be made publicly available.

The Executive Director shall prepare the draft annual budget for the following year and submit it to the Governing Board for adoption.

The annual budget for a particular year shall be adopted by the Governing Board by the end of the previous year.

The annual budget shall be adapted in order to take into account the amount of the Union contribution as set out in the Union budget.