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| Percentage of local authority financial transactions |    |
The advance notice requirement for local authorities led to the implementation of an indicator of the percentage of financial transactions in excess of €1 million notified by 4.00 p.m. on the previous day. The requirement was extended to national public bodies.
2010 saw a break in the downward trend of the indicator since 2008, with the local authority notification rate rising to 97%.
A growing number of general treasuries and regional or departmental public finance directorates respect the indicator, up from 31 in 2009 to 78 in 2010 out of a total of 104.
This improvement is due to steps taken by DGFiP staff to raise awareness among treasury accountants of the requirement to notify spending of €1 million or more.
In addition to the notification requirement for local authorities, Decree 2007-1393 of September 27, 2007 on the financial transactions of national public bodies posted to the Treasury’s account enshrines the notification principle for this category of bodies.
Transactions with a unit value of one million euros or more that are debited from the Treasury’s current account with the Banque de France must be notified beforehand by the national public bodies concerned.
This measure applies to national public bodies of an administrative, industrial or commercial nature governed by the provisions of Decree 62-1587 of December 29, 1962 on general government accounting regulations.
The method used to calculate the indicator is the same as the one used for local authority transactions. The indicator is also weighted to reflect the real impact on cash holdings, since the disparities between the volumes of different départements’ transactions are very large, with 20 of them accounting for 97% of the amounts debited.
The notification rate was also boosted by the action to mobilise the network taken by DGFiP, since it also rose four points to 97%.
MAJ : 12 Dec. 2011
2010 saw a break in the downward trend of the indicator since 2008, with the local authority notification rate rising to 97%.
A growing number of general treasuries and regional or departmental public finance directorates respect the indicator, up from 31 in 2009 to 78 in 2010 out of a total of 104.
This improvement is due to steps taken by DGFiP staff to raise awareness among treasury accountants of the requirement to notify spending of €1 million or more.
In addition to the notification requirement for local authorities, Decree 2007-1393 of September 27, 2007 on the financial transactions of national public bodies posted to the Treasury’s account enshrines the notification principle for this category of bodies.
Transactions with a unit value of one million euros or more that are debited from the Treasury’s current account with the Banque de France must be notified beforehand by the national public bodies concerned.
This measure applies to national public bodies of an administrative, industrial or commercial nature governed by the provisions of Decree 62-1587 of December 29, 1962 on general government accounting regulations.
The method used to calculate the indicator is the same as the one used for local authority transactions. The indicator is also weighted to reflect the real impact on cash holdings, since the disparities between the volumes of different départements’ transactions are very large, with 20 of them accounting for 97% of the amounts debited.
The notification rate was also boosted by the action to mobilise the network taken by DGFiP, since it also rose four points to 97%.
MAJ : 12 Dec. 2011