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BOSMIP IV Kick-off Meeting Zagreb, Croatia 24 May 2011 Assistant Project Manager Leander van Laerhoven BUSINESSEUROPE. www.bosmip.eu. BOSMIP IV. Legal and Financial Issues Contract signed on 8/12/2010 End of project on 30/11/2012 Total budget: €486,794.012. Leander van Laerhoven.

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BOSMIP IV

Kick-off Meeting Zagreb, Croatia

24 May 2011

Assistant Project Manager

Leander van Laerhoven

BUSINESSEUROPE

www.bosmip.eu


Bosmip iv
BOSMIP IV

Legal and Financial Issues

  • Contract signed on 8/12/2010

  • End of project on 30/11/2012

  • Total budget: €486,794.012

Leander van Laerhoven


Bosmip iv financial issues
BOSMIP IV – Financial Issues

  • Total budgeted financing European Commission: €379,699.33 - 78%

  • Total budgeted financing BOSMIP IV Partners: €107,094.68 - 22%

  • Total budgeted contribution DECP: €36,765.00 – 7.5%

  • How co-financing works for BOSMIP IV

  • Installments of payments – first, second, final

Leander van Laerhoven


Bosmip iv financial issues1
BOSMIP IV – Financial Issues

  • Commission Reporting Rules

    • Original documentation:

      • Flight tickets, boarding passes, hotel invoices, invoices for all costs relating to seminar.

    • Rules on per diems

    • Rules on reimbursement (e.g. private vs. company accounts)

    • Rules on VAT

    • Time sheets

    • 10,000€ limit

Leander van Laerhoven


Bosmip iv financial issues2
BOSMIP IV – Financial Issues

  • Reporting to the Commission

    • Interim financial report

    • Final financial report

    • Audit – done by external auditor

    • European Commission audit – up to 5 years after end of project

Leander van Laerhoven


Bosmip iv financial issues3
BOSMIP IV – Financial Issues

  • Flexibility of further actions

  • 5% budgeted for contingency reserve

Leander van Laerhoven


Thank you for your attention

Contact details:

Leander van Laerhoven

[email protected]

This presentation has been produced with the financial assistance of the European Commission. The views expressed herein are those of BOSMIP IV and can therefore in no way be taken to reflect the official opinion of the European Commission.

Leander van Laerhoven


Bosmip iv financial issues4
BOSMIP IV – Financial Issues

Commission Funding:

BSP II BSP III IPA SEP I

Leander van Laerhoven


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