Artikel 11

1. Budgets shall be established in terms of ECU.
2. The financial year shall run from 1 January to 31 December.
3. The budgets of EUMETSAT shall be drawn up for each financial year before the beginning of that year under the conditions laid down in the Financial Rules. The revenue and expenditure shown in the budget shall be in balance.
4. The Council shall, in conformity with Article 5.2(b) and (c), adopt the budget for MOP, the General Budget and the budgets for mandatory programmes for each financial year, as well as any supplementary and amending budgets. Member States participating in optional programmes shall adopt the budgets for these programmes in accordance with Article 5.3(b).
5. The adoption of the budgets shall constitute:
(a) the obligation for each Member State to make available to EUMETSAT the financial contributions fixed in the budgets;
(b) the authority for the Director-General to incur commitments and expenditure within the limit of the corresponding authorised credits.
6. If a budget has not been adopted by the beginning of a financial year, the Director-General may, each month, enter into commitments and make payments in each chapter of the of the corresponding budget up to one twelfth of the appropriations in the budget of the preceding financial year, provided that he shall not have at his disposal appropriations in excess of one twelfth of those provided for in the draft budget.
7. Member States shall pay each month, on a provisional basis and in accordance with the scale of contributions, the amounts necessary for the application of paragraph 6 of this Article.
8. The detail of the financial arrangements and accounting procedures shall be contained in the financial rules adopted by the Council in conformity with Article 5.2(b).