In the aim to implement the last phase in establishing the system for monthly reporting for revenues and expenditures of all administration levels in BiH, the Unit had initial meeting with the representatives of extra budgetary funds in Bosnia and Herzegovina . The Unit's work up to now was presented at the meeting as well as concept of reporting for all administration levels in the country through standard form via Internet.\r\nRepresentatives from funds expressed the problems that they are facing with in the work due to disharmonized financial reporting, budget codes and framework of accounts. There are huge differences in financial reporting of institutions/services between cantons. There is a need for coordination and harmonization in reporting in the view of harmonizing reporting format for different levels (canton, entity, IMF and Unit. There is also urgent need for making special rules for financial planning and framework of accounts for extra budgetary funds since the accounting of funds significantly differs from budgetary accounting. The Unit underlined a need to include all extra budgetary funds into the system before the end of the year. It is also the request of the Fiscal Council, international community in BiH and one of the conditions for new stand by arrangement with IMF. Being aware of short deadline for submission of monthly data for the last five months in 2006, the Unit agreed on submission of data successively until the end of August. After this, there should be regular monthly dynamics in submission of data.\r\n\r\nThere were directors or heads of finance departmens present from 24 extra budgetary funds. Consultans of EC project also adressed to those representatives. Aim of this project is to strengthen fiscal policy in BiH, which includes active work on haromonization of the reporting system for all administration levels and defining legal framework. The Unit would like to express thanks to the Foreign Trade Chamber for the conference room and technical equipment.