Published Thursday, 24 July 2014
The party was forced into making a statement following reports an agreement had been made on the crucial document and on Westminster-imposed welfare reform, something Sinn Féinstrenuously opposed.
The Westminster Treasury is enforcing financial penalties of £87m on the Executive because of the failure to agree a deal on welfare reform.
And last week, First Minister Peter Robinson sparked outrage after he suggested the Historical Abuse Inquiry was at risk over failure to agree the monitoring round.
However, the money was later found for the large-scale investigation into abuse at Catholic Church and state-run institutions.
On Wednesday, reports surfaced that an agreement has been reached between the two main parties and the Executive would rubber-stamp the deal next week.
However, Sinn Féin has angrily rejected the suggestion.
In a statement the party said: "Reports on the BBC that agreement has been reached on the June monitoring rounds are entirely incorrect.
"Other significant inaccuracies in the reports include the claim that welfare cuts have been agreed.
"Sinn Féin has consistently said that Tory-imposed cuts are a political issue for the Executive, separate from June monitoring.
"This remains our position.
"On this basis progress has been made and we are continuing to work towards an agreed paper on June monitoring.
"These discussions have not yet reached a conclusion."
UTV understands the Finance Minister Simon Hamilton has set out £100m in cuts needed to balance the books because of the Treasury fines.
The DUP minister is set to present that document to the Executive next Tuesday, however, Sinn Féin sources have said a meeting will not take place until an agreement is reached.
© UTV News