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Financial aspects of closure European Commission Michael HILL, DG Regional Policy

Financial aspects of closure European Commission Michael HILL, DG Regional Policy. Calculation of the final payment. Calculation in comparison with an Interim Payment: no capping at measure level flexibility of up to 2% at priority level

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Financial aspects of closure European Commission Michael HILL, DG Regional Policy

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  1. Financial aspects of closure European Commission Michael HILL, DG Regional Policy

  2. Calculation of the final payment • Calculation in comparison with an Interim Payment: • no capping at measure level • flexibility of up to 2% atpriority level • CLOSURE PAYMENT = the smallest amount of calculation results: • by measure • by priority • by area (transitional and non-transitional)

  3. Guidelines on closure of assistance (2000-2006) fromthe Structural Funds, Section 8. : First step: • Calculation at measure level = the smaller amount of the following: - the amount produced by applying to the declared eligible expenditure the rate of Community co-financing - the amount declared in the certified statement of final expenditure as being the Community contribution

  4. Guidelines on closure of assistance (2000-2006) fromthe Structural Funds, Section 8. : Second step: Calculation at priority level : - the Community contribution stated in the financing plan of the last decision approved by the Commission increased by 2 %

  5. Guidelines on closure of assistance (2000-2006) fromthe Structural Funds, Section 8. : Third step: • Calculation at programme level : - the Community contribution stated in the financing plan for transitional (“phasing-out”) and non-transitional (“core”) areas cannot be exceeded. • Calculation example – MS Excel >>

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