1 / 7

ESIF Simplification Workshop - Update on Simplified Cost Options (SCOs) 20XX

This session provides an update on the advantages of using Simplified Cost Options (SCOs), including reduced administrative burden, simplified auditing processes, and easier reporting to the EC. It also discusses different cost options, such as actual costs, flat rates, unit costs, and lump sum payments.

yeagerd
Download Presentation

ESIF Simplification Workshop - Update on Simplified Cost Options (SCOs) 20XX

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. Nicola Lavin, NW Growth Delivery TeamArpley HouseWarringtonNicola.lavin@communities.gsi.gov.ukTel:0303 444 6494 SESSION 2: ESIF Simplification Workshop – Update on Simplified Cost Options (SCOs) 20XX

  2. Advantages of Simplified Costs • Reduces the administration burden to beneficiaries • No more discussion on whether or not costs are linked to the project - reduced time to develop • No more collection and archiving of every (small) cost • No audit of underlying financial documents • Audit only on results achieved and or activities performed audit less time consuming • Reduces the administrative burden for the managing authorities • Supports N+3 • Role of the MA changes to one of support • Easier reporting to EC • Reduces the risk of error rate • ECA Annual Reports 2012 & 2013 did not detect any costs related to the specific use of SCO • Focus on results

  3. The Cost Options (for grants and repayable assistance) • Costs actually incurred, identifiable and verifiable, recorded in the accounts, etc. Actual Costs • A percentage to be calculated on the eligible costs • Example: Indirect costs = 15% Direct staff costs Flat rate • A fixed amount per unit determined by the MA • Example: person attending a seminar • For average personnel cost (based on the usual accounting practices) Unit costs • A global amount to cover one or several cost categories not exceeding EUR 100,000 of public contribution • Example: Hosting of a event/production of information videos Lump sum

  4. MA status Current position • Flat rate of 15% to calculate indirect costs • 15% of direct eligible staff costs Emerging • For research and innovation activity • Making use of Horizon 2020 for similar activity and beneficiaries • Indirect costs can be calculated on the basis of 25% of total direct eligible costs (less subcontracting costs and the resources made available by third parties which are not used on the premises of the beneficiary, as well as financial support to third parties) Future ( New Year) • Standardised Unit costs • Define activity • Review data available on cost driver

  5. Future simplified cost options Indirect costs = 15% of direct staff costs

  6. Next steps • Guidance on SCO released in December by EC • Confirmation by DCLG of the use of 25% flat rate (of eligible direct costs less sub contracting etc) to fund indirect costs for similar beneficiaries and activity (Research and Innovation) • New Year begin in earnest unit costs analysis.

More Related