Article 18 Establishment of the budget

Each year, the Executive Director shall draw up a draft statement of estimates of CEPOL's revenue and expenditure for the following financial year, including an establishment plan, and shall send it to the Management Board.

The Management Board shall, on the basis of the draft statement of estimates, adopt a provisional draft estimate of CEPOL's revenue and expenditure for the following financial year and shall send it to the Commission by 31 January each year.

The Management Board shall send the final draft estimate of CEPOL's revenue and expenditure to the Commission by 31 March each year.

The Commission shall send the statement of estimates to the European Parliament and to the Council, together with the draft general budget of the Union.

On the basis of the statement of estimates, the Commission shall enter in the draft general budget of the Union the estimates that it considers necessary for the establishment plan and the amount of the subsidy to be charged to the general budget, which it shall place before the European Parliament and the Council in accordance with Articles 313 and 314 TFEU.

The European Parliament and the Council shall authorise the appropriations for the contribution from the Union to CEPOL.

The European Parliament and the Council shall adopt CEPOL's establishment plan.

CEPOL's budget shall be adopted by the Management Board. It shall become final following the final adoption of the general budget of the Union. Where necessary, it shall be adjusted accordingly.

For any building project likely to have significant implications for CEPOL's budget, Commission Delegated Regulation (EU) No 1271/2013^f1 shall apply.