1 Amendments of Petri SARVAMAA related to 2014/2104(DEC)
Amendment 6 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Takes note from the Court's report that at the end of 2013, the Foundation had EUR 7 500 000 in accounts at a single bank with a low credit rating (F3, BBB); acknowledges from the Foundation that the high bank balance at the year-end occurred as a result of the first instalment of the 2014 subvention being paid in advance, as well as funds received for the new GEMM and FRAME projects; notes the Foundation's intention to participate in a joint procurement procedure for banking services launched by the Commission; calls on the Foundation to assess whether a review of its treasury policy is needed, and to report to the discharge authority on the results of this procurement procedure;