The European Union has three main management modes for its programmes, depending mainly on the assignation of accountability and management of the funds. The management modes are direct, indirect, and shared. While the EU provides the funding for a specific programme or project, there may be differences in the assignation of responsibilities and accountability regarding the allocation and use of the funds, involvement during implementation and monitoring, and the day-to-day management between the EU and the Member States. However, whereas the Member States oversee the implementation of most of the EU budget, the Commission has the ultimate responsibility for its execution.