Budget
You can find your organisation's estimated budget on page 213 of the Grant Agreement and the most recent financial review in our Excel spreadsheet.
Please note that, in SciLMi, budget flexibility applies (Grant Agreement, p. 16).
Each partner organisation is solely responsible for justifying its costs (and those of its Affiliated Entities, if any) with respect to the Project towards the Granting Authority.
However, the Project Coordinator and Project Manager will continously monitor the budget and conduct financial reviews before the transfer of the 2nd and 3rd instalment to guide the partner organisations and ensure a smooth implementation of the project.
Grant Agreement, p. 41/42 |
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21.3 Currency for financial statements and conversion into eurosThe financial statements must be drafted in euro. Beneficiaries with general accounts established in a currency other than the euro must convert the costs recorded in their accounts into euro, at the average of the daily exchange rates published in the C series of the Official Journal of the European Union (ECB website), calculated over the corresponding reporting period. If no daily euro exchange rate is published in the Official Journal for the currency in question, they must be converted at the average of the monthly accounting exchange rates published on the European Commission website (InforEuro), calculated over the corresponding reporting period. |