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ACP-EU Co-operation Programme in Higher Education (EDULINK II)

ACP-EU Co-operation Programme in Higher Education (EDULINK II)

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Participation <strong>in</strong> stakeholder meet<strong>in</strong>gsFor stakeholder meet<strong>in</strong>gs organised by the <strong>Co</strong>ntract<strong>in</strong>g Authority, an amount of <strong>EU</strong>R 10,000 must be enteredunder the budget head<strong>in</strong>g 'Travel costs'.<strong>Co</strong>nt<strong>in</strong>gency reserveA cont<strong>in</strong>gency reserve not exceed<strong>in</strong>g 5% of the estimated direct eligible costs may be <strong>in</strong>cluded <strong>in</strong> the Budgetof the Action. It can only be used with the prior written authorisation of the <strong>Co</strong>ntract<strong>in</strong>g Authority.Eligible <strong>in</strong>direct costs (overheads)The <strong>in</strong>direct costs <strong>in</strong>curred <strong>in</strong> carry<strong>in</strong>g out the action may be eligible for flat-rate fund<strong>in</strong>g fixed at not morethan 7% of the estimated total eligible direct costs. Indirect costs are eligible provided that they do not<strong>in</strong>clude costs assigned to another head<strong>in</strong>g of the budget of the standard grant contract. The applicant may beasked to justify the requested percentage before contract<strong>in</strong>g. However, once the flat-rate has been fixed <strong>in</strong> thespecial conditions of the standard grant contract, no support<strong>in</strong>g documents need to be provided.If the applicant is <strong>in</strong> receipt of an operat<strong>in</strong>g grant f<strong>in</strong>anced from the <strong>EU</strong>, no <strong>in</strong>direct costs may be claimedwith<strong>in</strong> the proposed budget for the action.<strong>Co</strong>ntributions <strong>in</strong> k<strong>in</strong>d<strong>Co</strong>ntributions <strong>in</strong> k<strong>in</strong>d are not considered actual expenditure and are not eligible costs. The contributions <strong>in</strong>k<strong>in</strong>d may not be treated as co-f<strong>in</strong>anc<strong>in</strong>g by the Beneficiary.The cost of staff assigned to the Action is not a contribution <strong>in</strong> k<strong>in</strong>d.Notwithstand<strong>in</strong>g the above, if the description of the action as proposed by the Beneficiary foresees thecontributions <strong>in</strong> k<strong>in</strong>d, such contributions have to be provided.Ineligible costsThe follow<strong>in</strong>g costs are not eligible:– debts and debt service charges– provisions for losses or potential future liabilities;– <strong>in</strong>terest owed;– costs declared by the beneficiary and covered by another action or work programme;– purchases of land or build<strong>in</strong>gs, except where necessary for the direct implementation of the action, <strong>in</strong>which case ownership must be transferred to the f<strong>in</strong>al beneficiaries and/or local partners, at the latest bythe end of the action;– currency exchange losses;– credit to third parties.January 2012 Page 14 of 23

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