m erit me tabolic r eprogramming by i nduction of t ranscription overview finances and reporting...

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MERITMetabolic Reprogramming by Induction of

TranscriptionOverview finances and reporting

Lisbon, 08. – 10.10.2012

MERIT – M3

MERIT – M3

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MERIT overview: reporting

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MERIT project timeline

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gress

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Year 1 Year 2 Year 3 Year 4

MERIT – M3

Deadline: 25.01.2013

MERIT – M3

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MERIT overview: financial aspects

Final PaymentTotal Funding -/- payments thus far

Interim Payment

25 %

Prefinancing

60 %

Guarantee fund

5 %

Duration of project

100 %

Reports

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MERIT overview: reporting

1. Periodic report Within 60 days after month 24 Base for interim payment! financial report required (AUDIT!) Template provided by management Submitted via project management

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Category A B C D E G H Total

Beneficiary

Living + mobility allowance

Travel allowance

Career exploratory allowance

participation expenses of eligible researchers

research / training / transfer of knowledge programe expenses

Management activities

contribution to overheads

2881853

408 personmonths

UU 431382 8000 6000 57600 115200 196828 61818 876828

Actual indirect costs

UWUERZ 132032 3000 2000 21600 43200 0 20183 220598


UNIVIE 426241 8000 6000 57600 115200 2500 61305 676846

Special transitional flat rate

UPM 135636 3000 2000 21600 43200 0 20543 225979


UTU 264064 6000 4000 43200 86400 2500 40366 446530


FCG-IGC 122420 3000 2000 21600 43200 0 19222 211442


BBS 133500 3000 2000 21600 43200 0 20330 223630Simplified method

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Category A: Living and mobility allowance Living allowance

Salary (before any deductions) Depends on level of experience

36700 € ESR / 56400 € ER Corrected by the country coefficient

Mobility allowance Depends on family status (married, children)

800 € per month (with family) 500 € per month (without family)

Corrected by the country coefficient

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Category B: Travel allowance Fixed amount between 250 € and 2500 € / year Depends on distance between place of origin and

host institution

Category C: Career exploratory allowance Fixed amount of 2000 € / project For the fellows to use on their own discretion

Category D: participation expenses of fellows Fixed amount of 300 € or 600 € / fellow month Used for research and training activities Managed by the host institution

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Category E: research / training / transfer of knowledge program expenses

Fixed amount 1200 € / fellow month Used for performance of the project

Publications, secondment, training actions, teaching material, network meetings, organization, …

Managed by the host institution

Category G: management activities Specified during negotiation (max. 7 %) Salary of manager, costs for audits or certificates of financial

statements, reports, …

Category H: overheads Max. 10 % of the total direct costs / period

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Category A – B – C Paid directly to the fellow

Category D Used for the fellow

Category E – G - H Used for the performance of the project

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Costs must be:

Actual

Incurred by the participant

Incurred during the project

Determined in accordance with the usual accounting and management principles and practices of the participants institution

EC reimbursement shall not give rise to a profit

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Eligible costs

Direct costs Salary Travel Consumables Equipment Subcontracting

Indirect costs Secretariat, administration Housing, office supplies, lab …

Non-eligible costs

Identifiable indirect taxes, incl. VAT

Duties

Interest owed

Provisions for future losses or charges

Exchange losses, cost related to return on capital

Costs declared/incurred/reimbursed in another EC project

Debt and debt service charges

excessive or reckless expenditure

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Documents requested in case of audits

Proof of salary payments and deductions for social security

Fellow contract

Declaration on conformity

Evidence that fellow worked on the project

Evidence of the eligibility of the fellow

Records to comply with the accounting rules of your institution

Receipts of expenditure (Cat. G)

Timesheets for personnel costs (Cat. G)