According to Article 41 of Regulations of the People's Republic of China on Sino-Foreign Cooperative Operation of Educational Institutions, Article 50 of Implementing Measures for the "Regulations of the People's Republic of China on Sino-Foreign Cooperative Operation of Educational Institutions", Article 13 of Agreement on the Sino-Foreign Jointly Operated School to Establish Europe-China School of Law, as well as Article 10 of Articles of Association of the Sino-Foreign Jointly Operated School "ECSL", CESL financial report of 2014 was submitted to an audit firm for auditing. The CESL 2014 audit report is now available.
The management and use of funds of China-EU School of Law at the China University of Political Science and Law in 2014 are as follows:
Cash beginning balance is 1,277,714.23 yuan;
Cash inflows are 12,270,456.34 yuan;
Cash outflows are 11,923,064.35 yuan;
Cash ending balance is 1,625,106.22 yuan.