Budgetary procedure
Article 11
1. By 31 October of each year, the Director shall submit to the Board a draft annual budget for the Institute covering administrative expenditure, operational expenditure and expected income, including additional contributions for specific projects referred to in Article 10(3). 2. By 30 November of each year, the Board shall approve the annual budget of the Institute by unanimity of the representatives of the Member States. 3. In the case of unavoidable, exceptional or unforeseen circumstances, the Director may propose a draft amending budget to the Board. The Board, with due regard to any urgency, shall approve the amending budget by unanimity of the representatives of the Member States. 4. By 31 March of each year, the Director shall submit to the Council and to the Board the detailed accounts of all revenue and expenditure from the previous financial year, including a report on the Institute’s activities. 5. The Board shall give discharge to the Director in respect of the implementation of the budget of the Institute.