1 / 15

CLOSTNET Financial and Reporting Issues

CLOSTNET Financial and Reporting Issues. Liz French Nottingham University elizabeth.french@nottingham.ac.uk +44 115 951 3667. Budget. Living & Mobility Allowance (A). Living Allowance €34,500 per year x country co-eff icient Mobility €500 per month x country co-efficient (no family)

sarah-dejesus
Download Presentation

CLOSTNET Financial and Reporting Issues

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CLOSTNETFinancial and Reporting Issues Liz French Nottingham University elizabeth.french@nottingham.ac.uk +44 115 951 3667

  2. Budget

  3. Living & Mobility Allowance (A) Living Allowance €34,500 per year x country co-efficient Mobility €500 per month x country co-efficient (no family) €800 per month x country co-efficient (with family) Living + mobility allowance = annual salary Living & mobility allowances cover TOTAL salary costs (includes employers social security contribution)

  4. Living & Mobility Allowance (A)

  5. Travel Allowance (B) • Depends on the distance, as the crow flies, between place of residence of the researcher and the host organisation (ie how far they have moved) • If the researcher has moved in the last 12 months the location of origin is the capital city of the country of his/her nationality • NOT for travel to conferences/meetings • Paid directly to the fellow (should not be taxed) • No receipts or explanation of how the money is spent are required • An annual allowance for each 12 month period (paid in month 1, 13, 25)

  6. Travel Allowance (B)

  7. Career Exploratory Allowance (C) • Payment of €2000 • Paid once the fellow has been in post for 12 months • Paid directly to the fellow (should not be taxed) • No receipts/explanation of how the funds are spent is required

  8. Participation expenses of eligible researchers (D) • €600 per researcher month, managed by the host institution • Consumables • Travel to conferences/meeting • Registration at meetings • Small, necessary equipment

  9. Research/training/ transfer of knowledge (E) • €600 per researcher month, managed by the host organisation • Execution of the training project • Publication of vacancies • Training activities • Teaching material • Co-ordination between partners • Travel to CLOSTNET meetings • Secondments of researchers

  10. Organisation of international conferences, workshops and events (F) • €300 per external researcher (external = people from outside the participating organisations) • Organisational expenses (keynote speakers etc etc) • Participation fees

  11. Management (G) • Managed by Nottingham University • Implementation of the project • Report preparation • Audit certificates (Certificate on Financial Statements) >€375,000 • All partners, except Zavod

  12. Overheads (H) • 10% of columns A-G

  13. General Finance • Can not claim VAT (includes VAT on travel expenses) • Exchange rate is either • Rate on the day costs were incurred • Rate applicable on the first day of the month following the end of reporting period • Use European Central Bank rate

  14. Reporting

  15. Register to ECAS/SESAM http://webgate.ec.europa.eu/sesam/index.do Project number 237942

More Related