Glossaire

The term Value for Money refers to judgement on whether sufficient impact is being achieved for the money spent.

A control report summarises first level controls, findings and remarks undertaken for a given reporting period. It also summarises results of the control.

The Finance Report is part of the Progress Report. It is a periodical report on the financial progress of the project in relation to the activities carried out and accomplished achievements (deliverables, outputs). It includes information on the expenditure borne by the project partners and revenue received by them.

The project (main) output is the outcome of the activities funded, telling us what has actually been produced for the money given to the project. It can be captured by a programme output indicator, and directly contributes to the achievement of the project result.

Net revenue is cash in-flows directly paid by users for the goods or services provided by the project, such as charges borne directly by users for the use of infrastructure, sale or rent of land or buildings, or payments for services less any operating costs and replacement costs of short-life equipment incurred during the corresponding period. (HIT)

A "recommendation" is not binding. A recommendation allows the institutions to make their views known and to suggest a line of action without imposing any legal obligation on those to whom it is addressed. For example when the Commission issued a recommendation that EU countries' law authorities improve their use of videoconferencing to help judicial services work better across borders, this did not have any legal consequences.

The term sparsely-populated regions refers to European areas of low population density. In the framework of the Green Paper on Territorial Cohesion, to judge whether a region is sparsely populated is based on a certain threshold (12.5 inh. /km2) of population density at the NUTS III level. The main objective of this delimitation is to provide a list of Sparsely-Populated Regions to European policymakers to assist them in the allocation of available support funds.

The term "outermost regions" refers to nine regions in the European Union: the five French overseas departments (Guadeloupe, French Guyana, Martinique, Réunion, Mayotte); the French overseas communities of Saint-Martin; the Spanish Autonomous Community of the Canary Islands; and the Portuguese autonomous regions of the Azores and Madeira. The outermost regions have to cope with a number of specific constraints such as remoteness, insularity, small size, difficult topography and climate, and economic dependence on only a few products. The combination of these factors over time severely hinders the regions' socio-economic development. The recognition of their special status in Article 349 of the Treaty on the Functioning of the European Union is based on the principles of equality and proportionality, which allow regions to be treated differently in order to take their specific circumstances into account.

Regulations are the strongest form of EU legislation. They are of general application, binding in their entirety, and directly enforceable in all Member States. Legislation relating to EU cohesion policy usually takes the form of regulations.

A legal representative is a person authorised to sign binding documents (e.g., application form, subsidy contract) on behalf of an organisation.

The programme result is the change sought (in the reference situation) in view of the specific objective to be achieved.

Risk is a potential source of error, usually understood in first level control as potential error source in the finance report of the project partner.