report court auditor oper effici manag european monetari institut financi year institut repli content gt tabl gt introduct fourth consecut year court present report result audit carri part examin oper effici manag european monetari institut emi emi account financi year end decemb approv council emi march publish audit certifi qualif privat audit firm council emi budgetari author institut consist accord articl treati establish european commun presid governor nation central bank appoint vice presid institut subject financi provis contain statut detail interpret set decis council manag institut administr perman staff emi rose person decemb decemb date staff consist senior manag manag oper staff administr technic support staff peopl recruit left averag number perman staff year budgetari manag total expenditur ecu million compar revis budget ecu million leav ecu million unus budget figur expenditur total ecu million estim ecu million ecu million unus analysi utilis show discrep estim actual expenditur partli attribut delai occur recruit staff utilis respect expenditur staff turn affect expenditur discrep due emi approach establish annual budget margin exist sector budget accumul ecb budget result total exce total margin need method consolid sector budget budget make elimin surplu institut activ emi continu prepar stage econom monetari union emu introduct euro concern monetari polici exchang rate polici statist payment system issu banknot coin euro account rule standard inform commun system legal question task carri jointli work parti subcommitte staff emi nation central bank institut provid detail account activ annual report publish report specif subject report signific monetari polici singl currenc area stage emu report report progress target project report converg member state european union addit institut respond request consult council european union european commiss author european union member state oper effici manag institut audit find gener satisfactori court consid make observ audit court emphasi examin project progress form part oper european system central bank escb tendenc note past resort extern consult recruit specialist staff pronounc task carri entrust consult requir special technic knowledg expertis time pressur order allevi lack human resourc cope sever constraint impos immin launch stage case fcr project consult respons head project subject scrutini senior manag special control tool except situat justifi put place increas recours consult made coordin monitor control project difficult result case fcr project lesser degre ecb account system project poor definit requir delai plan project inadequ control expenditur institut continu extern interpret regular basi administr cost staff cost larg number meet creation interpret institut dispos agenc tender procedur open written contract conclud report adopt court auditor luxembourg meet court auditor absenc jan karlsson presid court bernhard friedmann act presid court report previou financi year publish offici journal oj oj report compil pursuant articl protocol annex ec treati emi statut account drawn publish pursuant articl protocol annex ec treati emi statut european central bank european monetari institut effect june tran european autom real time gross settlement express transfer system point court report financi year oj foreign currenc reserv subledg ecb account system annex balanc sheet decemb gt tabl gt gt tabl gt annex profit loss account financi year end decemb gt tabl gt gt tabl gt repli institut except consult ow difficulti experienc emi attract retain suitabl qualifi staff signific bear problem point project manag fcr project team member consult situat accept effort made remedi practic suitabl organis framework put place mid ecb staff member appoint project manag posit take manag decis consult staff lower level full steer group regular meet charg fcr project plan requir definit process improv note inadequ definit requir project central account system project primarili due fact finalis complex special harmonis account requir escb central project autumn time requir unstabl uncertainti highlight time project manag earli signific project risk turn impact plan procedur budget involv situat rectifi initi tender procedur decemb conclud half