SatCen Closing Budget 2023 Report

©SatCen EUROPEAN UNION SATELLITE CENTRE 2023 CLOSING BUDGET REPORT 27 MARCH 2024 PART I. ACTIVITY REPORT FOREWORD The present Closing Budget Report is the result of the review of the Centre's 2023 Final Accounts. The review of the Sateen 2023 Closing Accounts was conducted by two of the members of the College of Auditors {hereafter: CoA) at the Sateen's premises and one of them remotely, due to other professional commitments of this member. Thus, the audit was conducted in full compliance with the Sateen Financial Rules (hereafter: FR) Article 42. Coherent with the approach promoted by the CoA, this report is produced in line with other agencies' practices and integrates information as per the International Public Sector Accounting Standards (IPSAS), giving a precise picture of the Sateen financial position. The present document is composed in full compliance with the recently created IPSAS Financial Statements Manual, the last document complementing the Sateen Financial Operating Procedures, developed in 2019 and covering all accounting policies of the Centre in full compliance with Art. 14.8 of the FR, which defines that the Centre: " ... shall establish rules and procedures in implementation of these Financial Regulations.": 3 The IPSAS Financial Statements Manual provide guidance on the construction and interpretation of the relevant reporting documents in full compliance with internationally accepted reporting methods {IPSAS). The Finance Unit...