100 likes | 350 Views
Seminar for Beneficiaries 20 - 2 1 February 2012 Narva , Estonia. Financial reporting. Beneficiary Seminar. Joint Technical Secretariat. Expenditure verification report. Payment option 1 ( grant < 300 000 EUR and implementation period < 18 month )
E N D
Seminar for Beneficiaries 20-21 February 2012 Narva, Estonia Financialreporting BeneficiarySeminar Joint Technical Secretariat
Expenditureverificationreport Paymentoption 1 (grant < 300 000 EUR andimplementationperiod < 18 month) EVR isneededonlywhensubmittingthefinalreport NB!RequestofpaymentmustbeaccompaniedbythenarrativeandfinancialreportandlistofexpenditurespreparedbytheBeneficiary (use JTS preparedtemplate) Paymentoption 2 (grant > 300 000 EUR orimplementationperiod > 18 month) EVR mustbesubmittedwitheveryrequestforpaymentandwiththefinalreport. 2
Financialreporting GrantContractSpecialConditions Art.7.3.3. “In case, where no expenditure verification report is required the Beneficiary has to provide a list of the financial and supporting documents covering the respective period and a printout of the project account showing project's income and expenditure and payments received in the period of the current Interim Report.” 3
Financialreport Financialreportis a partofInterimreporttemplateandincludes: Sheet X “Expenditures” Sheet XI “Sourcesoffunding” Sheet XII “Interest” Sheet XIII “Revenue” Formispre-filledaccording to latestFullApplicationForm 4
Expenditures Only “Real Spending “and “Expenditure forecast” sections must be filledinbyBeneficiary 5
Sourcesoffunding Sourcesoffundingratiomustbeinlinewith Project ApplicationFormandGrantContract 6
Interestincome Bankinterestfromadvancepaymentsmustbeindicatedseparatelyfromotherprojectincomesandrevenue 7
Revenue • Possiblesourcesofrevenue: • feeforparticipationinproject’sevents • feeforusingequipmentboughtwithintheproject • feeforusingpremisesfinancedthroughDirectlocalcostsetc. 8
Supportingdocuments EXPENDITURE VERIFICATION REPORT (model EVR - annex 3 to theannex VII to GC) OR Printout of the project accountandlist of the financial and supporting documents covering the respective period (pleaseusetemplatepreparedforprojectswithpaymentoption 1) 9
JTS contacts ThankYouforYourattention! www.estlatrus.eu Email:info@estlatrus.eu Phone: +371 6750 9520 Address: AuseklaStr. 14-3, Riga 10