Financial departments at all levels, as debt representatives designated by governments at all levels, are responsible for the lending, distribution, recovery, debt service and matching fund management of loan funds. Article 4 The financial management of the project unit shall abide by national laws and regulations, relevant financial management regulations and these Measures, and truthfully reflect the financial status of the project; And should be based on the principle of earmarking project funds, and shall not be used for other purposes. Article 5 The financial department shall closely cooperate with the project office and other project units to do a good job in the allocation, recovery and reuse of funds, improve the repayment ability of loan projects, and ensure the implementation of the government debt repayment at the same level. Article 6 Project units, especially project offices, should set up financial and accounting institutions according to the requirements of project management, equip qualified financial and accounting personnel, keep the personnel relatively stable, train accounting personnel in time, and improve their professional quality. When the financial personnel change, the financial handover procedures shall be handled according to the regulations.
The project unit shall conduct the financial accounting of the project according to the loan agreement of the Foundation, relevant financial systems and these Measures. Seventh financial departments at all levels should supervise and inspect the financial accounting work of the project office at the same level and the project units at lower levels. Do not conform to the provisions of the practice for processing. If the problem is serious, it should be reported to the superior financial and project authorities in a timely manner. After approval, it may be ordered to stop using the loan or recover the loan. At the same time, the project unit shall be audited by the authorized audit department. Chapter II Fund Raising and Management Article 8 The fund for a foundation loan project includes three parts: (1) Foundation loan; (2) domestic and foreign grants; (3) Domestic matching funds.
Foundation loan refers to the outstanding loan funds transferred by the Ministry of Finance and the Ministry of Agriculture according to the loan agreement and extracted from the foundation.
Domestic and foreign grants refer to grants provided by international organizations, foreign governments, domestic and foreign enterprises and individuals for foundation projects.
Domestic matching funds refer to the paid and unpaid matching funds and labor services provided by local relevant departments at all levels (including finance, planning commission, banks, agriculture and other departments) for the project. Article 9 The financial department shall, in accordance with the provisions of the loan agreement, open a special account in US dollars in the designated foreign exchange bank to deposit the loan funds pre-allocated by the Foundation and supplementary loan funds, and pay the qualified expenses that the loan funds should bear. Article 10 Financial departments at all levels shall set up special accounts for project development in relevant banks to store RMB loan funds for foreign exchange, superior loan funds, domestic and foreign grants and related matching funds, and project units at all levels shall also set up corresponding project development accounts in relevant banks. Eleventh after the loan agreement comes into effect, the expenses incurred by the project unit shall be reimbursed and withdrawn according to the procedures and proportions stipulated by the Foundation. Article 12 The project unit shall timely raise matching funds according to the lending and lending agreement, the provisions of the project evaluation report and the approved annual work plan to ensure that all funds are in place on time and used reasonably. Article 13 Cash donations in foreign currencies among donations shall be priced by converting the paid-in amount into RMB at the exchange rate of the day. If the donation in kind is accompanied by an invoice, it shall be valued according to the amount listed in the invoice; If there is no invoice, it shall be priced according to the domestic or international market price of similar goods. Chapter III Asset Management Article 14 Assets refer to the current assets and fixed assets required for the investment of the whole project, which are solved by the fund loan funds and matching funds, and are accounted for and managed in accordance with the relevant financial system. Article 15 Current assets include cash, various deposits, notes receivable, accounts receivable, prepayments, other receivables and inventories. All units should be in accordance with the relevant provisions of the financial system, accounting and management of current assets. Article 16 Fixed assets refer to assets with a service life of more than one year and a unit value above the prescribed standard, and which keep their original physical form during use, including houses, buildings, machinery and equipment, transportation equipment, tools and appliances, etc. The procurement of fixed assets and other materials shall be carried out in accordance with the requirements of the loan agreement, the procurement guide of the Foundation and the relevant provisions of the Provincial Department of Finance and the Project Office. Seventeenth project units should be evaluated, depreciated, sold, scrapped and other financial treatment. For the above-mentioned fixed assets and other forms of fixed assets, set up fixed assets accounts to reflect the increase, decrease, balance and depreciation of fixed assets respectively. The purchase, transfer, sale and scrapping of fixed assets shall be approved by the financial and project authorities.