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Closure Payment Calculation Guidelines for Structural Funds 2000-2006

Learn about the financial aspects of closure payment calculation with the European Commission's guidelines for Structural Funds 2000-2006. Understand the calculation process, comparisons, and factors influencing closure payments.

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Closure Payment Calculation Guidelines for Structural Funds 2000-2006

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  1. Financial aspects of closure European Commission Michael HILL, DG Regional Policy

  2. Calculation of the final payment • Calculation in comparison with an Interim Payment: • no capping at measure level • flexibility of up to 2% atpriority level • CLOSURE PAYMENT = the smallest amount of calculation results: • by measure • by priority • by area (transitional and non-transitional)

  3. Guidelines on closure of assistance (2000-2006) fromthe Structural Funds, Section 8. : First step: • Calculation at measure level = the smaller amount of the following: - the amount produced by applying to the declared eligible expenditure the rate of Community co-financing - the amount declared in the certified statement of final expenditure as being the Community contribution

  4. Guidelines on closure of assistance (2000-2006) fromthe Structural Funds, Section 8. : Second step: Calculation at priority level : - the Community contribution stated in the financing plan of the last decision approved by the Commission increased by 2 %

  5. Guidelines on closure of assistance (2000-2006) fromthe Structural Funds, Section 8. : Third step: • Calculation at programme level : - the Community contribution stated in the financing plan for transitional (“phasing-out”) and non-transitional (“core”) areas cannot be exceeded. • Calculation example – MS Excel >>

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