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FINANCING, BUDGET AND REPORTING Mónica Castresana INBIONET Project Manager

FINANCING, BUDGET AND REPORTING Mónica Castresana INBIONET Project Manager Palma, January 24th, 2013. CONTENT OF THE PRESENTATION. Administrative documents package Budget and its categories Payments & Financial reporting. ADMINISTRATIVE DOCUMENTS PACKAGE.

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FINANCING, BUDGET AND REPORTING Mónica Castresana INBIONET Project Manager

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  1. FINANCING, BUDGET AND REPORTING Mónica Castresana INBIONET Project Manager Palma, January 24th, 2013

  2. CONTENT OF THE PRESENTATION Administrative documents package Budget and its categories Payments & Financial reporting

  3. ADMINISTRATIVE DOCUMENTS PACKAGE • GrantAgreementPreparationForms (GPFs) • GrantAgreement (GA) • ConsortiumAgreement (CA)

  4. GRANT AGREEMENT PREPARATION FORMS (GPFs) • Basic information of theproject • Identifyeach host institutionorcompany • Identifyeach Principal Investigator • Includethebudget of eachpartner

  5. GRANT AGREEMENT(GA) Structure: • Core GA • Annexes • I. TechnicalAnnex – Description of work (DoW) • II. General conditions • III. Specificprovisionfor ITN • IV. Form A: accessiontothegrantagreement • V. Form B: requestforaccession of a new partner • VI. Form C: financial statement • VII. Form D: certificateforexternalaudit.

  6. CONSORTIUM AGREEMENT(CA) Thepurpose of theConsortiumAgreementistospecifytherelationshipamongtheParties, in particular concerningtheorganisation of thework, themanagement and therights and obligations of thePartiesconcerningliability, Access Rights and dispute resolution.

  7. BUDGET AND THEIR CATHEGORIES Themaximum EU contributionis 3,968,982,54€ (and itcannot be increased)

  8. ELEGIBLE COSTS Fellows • Living allowance (salary) Costcategory 1 • Annual base rate: 38.000 ESR/58.500 ER x country coefficient • MobilityallowanceCostcategory 2 • Monthly base rate: 1.000 with family / 700 no family x country coefficient Research, training and networkingCostcategory 3 • Labmaterials, Secondments, books, participation in events, etc… • Monthly fixed amount: 1.800 per fellow/month x country coefficient ManagementCostcategory 4 • Costassociatedwiththe ITN projectmanagement (managementmeetings, auditcertificates..etc). OverheadsCostcategory 5 • A flat rateof up to 10% of total directcosts.

  9. PAYMENTS & FINANCIAL REPORTING • We have received the first prefinancing 2.381.389,52 € . • Following the CA (Article 7.2): the pre-financing shall be distributed in two (2) parts: • The first year of the Project after the receipt by the Coordinator from de EC, • The remainder of the first pre-financing after a period of 12 months if the partner has employed the budget correctly. • Financial report and futures payments. • In 24 month we need to prepare a Financial Report; then the EC will transfer us the full amount per partner only if the partner has expent the total budget for the period.

  10. Thankyou!! castresana@caubet-cimera.es

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