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Financial aspects. 40 % amount 45 days after initial contract (about December2005) 40 % 45 days after approval of the progress report by the commission Under the condition 70 % of the previous pre-financing payment has been used up
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Financial aspects • 40 % amount 45 days after initial contract (about December2005) • 40 % 45 days after approval of the progress report by the commission • Under the condition 70 % of the previous pre-financing payment has been used up • The remaining received within 45 days following approval by the Commission of the final report
Convention de reversements • For 100 €, it is necessary to justify 312 € • Staff • Travel and subsistence (participation to conferences)
Example of expenses to declare (LUT) • _working hour including side costs 29.65 €/h • _general costs like phone, PC, electricity, internet... 1.05 €/h • _rent of my office 1.97 €/h • All together 32.68 euros/working hour
Staff costs • The beneficiary and partners shall keep a full and accurate record of each of their employees that has worked on the project. This record must include the following details: • The name of the employee concerned and his/her role in the project • The normal hourly/daily/monthly gross rate of the employee • The normal costs and charges paid by the employer for the employee • The amount of time spent on the project by the employee • The amount of the money actually paid to the employee concerned • The personnel register reference for the employee concerned • This record must be signed by both the employee and the employer and will be furnished to the Office of the Commission upon request • These costs are eligible only when they are directly related to the project and concern activities, which must be clearly identifiable