Project Implementation Plan (Page 12 of 20) in pdf

Page 12 of 20

FM0027-GDL-00034-E-V15

[4.4]

Planned Start Date

The date on which the Promoter plans to start this activity.

[4.5]

Planned Completion Date

The date by which the Promoter plans to have completed this activity.

[4.6]

Cash eligible expenses

The budgeted cash eligible expenses that are uniquely associated with this activity.

[4.7]

In-kind eligible expenses (central, regional, local government budget)

The budgeted value of any eligible in-kind contribution from government sources that is uniquely

associated with this activity.

[4.8]

In-kind eligible expenses (non-government sources)

The budgeted value of any eligible in-kind contribution from non-government sources that is uniquely

associated with this activity.

[4.9]

Non-eligible expenses

The budgeted cash non-eligible expenses associated with this activity.

[4.10]

Total expenses

The total of [4.6], [4.7], [4.8] and [4.9].

3.5 Part V: Disbursement Plan

The PIP calculates the disbursements to be made by the Financial Mechanism(s) and the required co-

finance based on:

The project budget aggregated across the data entered for the individual activities in Part IV;

The reporting periods selected by the Promoter in [5.8] and [5.9].

The PIP calculates disbursements and co-financing amounts using the following criteria:

At the end of the project, the actual grant rate must be less than or equal to that approved by

the FMC / NMFA in [1.12];

At no point during the project may the actual grant rate (the ratio of the cumulative

disbursement to date to the cumulative eligible expense to date) exceed that approved by the

FMC / NMFA in [1.12];

An advance payment must be offset according to the mechanism defined in [5.6];

Financial Mechanism funding representing the percentage of the planned total eligible expense

defined in the Grant Agreement ([5.5]) will be retained from the last payment claim(s) and

disbursed on approval of the Project Completion Report.

These criteria mean that for certain project budgets, it will not be possible to achieve the grant rate set

out by the FMC / NMFA. Such budgets will typically involve significant in-kind contributions scheduled

for late in the project. For a demonstration of this please refer to Appendix 2.

[5.1]

Total advance payment

The advance payment approved by the FMC / NMFA defined in Grant Agreement.

[5.2]

Brief description of source of cash co-financing from central, regional or local government

budget

Self-explanatory

[5.3]

Brief description of source of cash co-financing from non-government sources

Self-explanatory

[5.4]

Percentage cash co-financing from non-government sources

The disbursement schedule calculates the amount of cash co-financing required to fulfil the criteria

described above. The Promoter must specify which proportion of this co-financing will come from non-

government sources.

Financial Mechanism Office, 12/16, Rue Joseph II, 1000 Brussels, Belgium . Tel: +32 (0)2 286 1701 . Fax: +32 (0)2 286 1789 . Email: fmo@efta.int .

Project Implementation Plan Page 12

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