Welcome to the AVA Kick-off Meeting AVA Finances

Transcript:Welcome to the AVA Kick-off Meeting AVA Finances:
Welcome to the AVA Kick-off Meeting AVA Finances Samina Faisal University of Liverpool The Cockcroft Institute AVA FINANCES EU Contribution - Budget Eligible & ineligible costs Cost Categories (Unit Costs) Partner organisations Subcontracting Record Keeping Project Financial Lifecycle Information sources AVA Kick-off Meeting, Liverpool, UK EU Contribution - Budget AVA Kick-off Meeting, Liverpool, UK Eligible and Ineligible Costs Article 6. GA Eligible costs => Eligible Units Unit costs (defined by cost categories) Units incurred during the project duration Necessary for implementing the action Number of units must be identifiable, verifiable and supported with evidence Burden of proof of unit eligibility on the beneficiary Ineligible costs Costs which do not comply with the conditions in the GA Costs reimbursed under another EU or Euratom grant AVA Kick-off Meeting, Liverpool, UK 1 Unit = 1 month of eligible ESR Ineligible costs Costs related to return on capital; Debt and debt service charges; Provisions for future losses or debts; Interest owed; Doubtful debts; Currency exchange losses (big problem for the UK!) Bank costs charged by the beneficiary’s bank for transfers from the commission/agency Excessive or reckless expenditure; Deductible VAT (recoverable nationally) Costs incurred during suspension of the action AVA Kick-off Meeting, Liverpool, UK Cost Categories AVA Kick-off Meeting, Liverpool, UK B. Institutional Costs: B.1 Research, Training and Network costs B.2 Management and Indirect costs Costs for Recruited Researchers: A.1 Living Allowance A.2 Mobility allowance A.3 Family allowance Funding Mechanism Funding based on unit costs AVA Kick-off Meeting, Liverpool, UK 1 researcher month = 1 unit Amounts allocated in euros per unit costs Total budget = no of units x unit costs A. Costs for recruited researchers AVA Kick-off Meeting, Liverpool, UK A.1 Living Allowance AVA Kick-off Meeting, Liverpool, UK A.2 Mobility Allowance AVA Kick-off Meeting, Liverpool, UK A.2 Mobility Allowance - taxed AVA Kick-off Meeting, Liverpool, UK A. 3 Family Allowance AVA Kick-off Meeting, Liverpool, UK B. INSTITUTIONAL COSTS B.1 Research, Training and Networking costs B.2 Management and Indirect costs AVA Kick-off Meeting, Liverpool, UK “The eligibility of the Institutional costs is linked to the eligibility of the costs for the recruited researcher” B.1 Research Training and Network costs To Contribute to expenses related to, for example: AVA Kick-off Meeting, Liverpool, UK Allowable by the end of the project = total ESR person months implemented x 1,800 1/3 will be retained by coordinator for central training events as per proposal and Grant Agreement.