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Understanding EU Funding: Budgeting, Eligibility & Financial Guidelines

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mason
12 diapositives · 276 Views · Sep 07, 2014

This comprehensive guide delves into the essentials of EU funding, including the budgeting process, eligibility criteria, and the distinction between Calls for Tender and Calls for Proposals. Discover the financial guidelines governing European grants, covering both eligible and non-eligible costs, co-financing principles, and the significance of direct and indirect costs. This resource serves as a crucial tool for organizations seeking EU funding, ensuring compliance with financial regulations and maximizing the potential for successful grant applications.

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Understanding EU Funding: Budgeting, Eligibility & Financial Guidelines
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  1. Practical budgeting exercise-budget process

  2. The EU funds What is the difference between Call for Tender and Call for Proposal? Eligibility criteria Procedures Nature of the financial contribution. Profit

  3. European Funding and Grants are subject to the principles laid down in the Financial Regulation Co-financing principle No double financing rule No-profit rule Financial Guidelines: GENERAL PRINCIPLES

  4. Financial Guidelines: GENERAL PRINCIPLES Eligible direct costs • Staff costs • Travel, accommodation and subsistence allowances • Catering • Administration Costs • Costs of services : Information dissemination and publications Translation Interpretation Evaluation Subcontracting and provision of services

  5. Financial Guidelines: GENERAL PRINCIPLES Eligible indirect costs • Overheads Indirect costs are general administrative costs – overhead costs incurred in connection with the eligible direct costs of the action. They are limited to a maximum flat-rate of 7% of the total eligible direct costs for the action.

  6. Financial Guidelines: GENERAL PRINCIPLES Non-eligible costs • contributions in kind: these are contributions that are not invoiced, such as voluntary work, • equipment or premises made available free of charge; • - return on capital; • - debt and debt service charges; • - doubtful debts;

  7. Financial Guidelines: GENERAL PRINCIPLES Non-eligible costs • provisions for losses or potential future liabilities; • - interest owed; • - exchange losses; • - VAT, unless the beneficiary can show that he/she is unable to recover it according to the applicable national legislation. VAT paid by public bodies is not an eligible cost.

  8. INCOME: must be identical to total expenditureand must show: The beneficiary's contribution in cash The revenue generated by the action The EU grant

  9. HOW THE GRANT WILL BE CALCULATED the Commission will calculate the EU contribution as a percentage of the total eligible costs as shown in the estimated budget for the implementation of the action Application of the "double ceiling" rule limiting the grant both to the percentage of the eligible costs and to the maximum amount mentioned in the grant agreement

  10. ? Do You Have Any Questions? ? ? We would be happy to help.

  11. Working Groups: preparation of budget

  12. GRAZIE PER L’ATTENZIONE • Cristiana Turchetti • c.turchetti@eipa.eu • www.eipa.eu