Quality in the budgeting of capital investment projects
Review of the legislation for budget management, annual budget bills, annual financial statements and the annual SAI reports, as well as capital investment manuals, if available.
An independent appraisal procedure of capital projects must include an independent assessment of the accuracy of feasibility analyses, and must be conducted independently from the organisation preparing and/or implementing the project.
For each of the following five criteria, 1 point is awarded (total of 5 points).
Criteria fulfilled: 4/5
Yes
No
No data available / not assessed
| Planning of capital projects is an integral part of the annual budget preparation cycle (1 point) | |
| Multi-annual commitments (funding needs for future years) of capital (1 point) | |
| Capital projects of more than EUR 1 million included in the budget have passed through an independent appraisal procedure (1 point) | |
| Capital projects of more than EUR 1 million included in the budget are accompanied by an estimate of their recurrent cost (expenditure needed for operating and maintaining the investment) (1 point) | |
| The outturn of capital investment in the annual budget was between 80% and 105% of the approved budget (1 point) |