MERIT Metabolic Reprogramming by Induction of Transcription Overview finances and reporting Lisbon, 08. – 10.10.2012 MERIT – M 3 1
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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
1. Pro
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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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MERIT overview: financial aspects
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
Actual indirect costs
UNIVIE 426241 8000 6000 57600 115200 2500 61305 676846
Special transitional flat rate
UPM 135636 3000 2000 21600 43200 0 20543 225979
Actual indirect costs
UTU 264064 6000 4000 43200 86400 2500 40366 446530
Special transitional flat rate
FCG-IGC 122420 3000 2000 21600 43200 0 19222 211442
Special transitional flat rate
BBS 133500 3000 2000 21600 43200 0 20330 223630Simplified method
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MERIT overview: financial aspects
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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MERIT overview: financial aspects
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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MERIT overview: financial aspects
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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MERIT overview: financial aspects
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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MERIT overview: financial aspects
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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MERIT overview: financial aspects
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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MERIT overview: financial aspects
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)