Project Implementation Plan Page 8
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20Page 8 of 20
FM0027-GDL-00034-E-V15
[1.14]
Grant Rate
The ratio of grant awarded by the FMC and/or NMFA to the eligible cost of the project, as defined in the
Grant Agreement. (Grant Agreement Article 2 Clause 4)
[1.15]
Explanation if total to be disbursed is less than total grant awarded
The total to be disbursed could be less than total grant awarded for several reasons, e.g. a complete
reporting period till the end of the project has not been entered into the PIP ([5.9]) and/or cash eligible
expenses entered into Part IV – Project Activities are lower than grant awarded. The latter needs an
explanation and the reporting period need to be complete.
3.1.3 Summary of funding by Financial Mechanism
[1.16]
Grant awarded – FMC
The total grant awarded by the EEA Financial Mechanism.
[1.17]
Grant awarded – NMFA
The total grant awarded by the Norwegian Financial Mechanism.
[1.18]
Partial Grant Rate – FMC
The ratio of the grant awarded by the EEA Financial Mechanism to the Total Eligible Cost of the project
[1.19]
Partial Grant Rate - NMFA
The ratio of the grant awarded by the Norwegian Financial Mechanism to the Total Eligible Cost of the
project
3.2 Part II: Financial Breakdown
This section of the PIP elaborates on the financial data supplied in the application form.
Both the ‘Budget’ and ‘Financial Resources’ tables are structured in the same way:
columns for expenditure / income per calendar year
-
project total for the table row
-
this row total as a percentage of another total. The individual row descriptions explain which
-
figures are used to calculate this ratio.
3.2.1 Budget – incurred expenses
[2.1]
Cash Eligible Expenses – Budget Headings
Planned eligible expenses across all project activities should be categorised according to the predefined
expense categories (drop down menu) and/or up to four user-defined categories. These eligible
expenses should be sorted by the calendar year in which they will be incurred, and entered into the
appropriate field.
The ‘%’ column contains the ratio of the total for this expense category to the total cash outflow in
[2.2].
[2.2]
Total Cash Outflow
The total eligible expenditure per calendar year summed over all expense categories.
The figure in the ‘Total’ column is highlighted
in red
if the total from the eligible expense categories is
not the same as the total cash eligible expense from activities in [2.3].
Total Eligible Expense Breakdown (from activities)
[2.3]
Cash Eligible Expenses
The cash eligible expenses per calendar year derived from the data entered under the individual
activities in Part IV.
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 .
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business