1. w w w. b a l t i c m a s t e r. o r g

2. BUDGET  Project Period  25th of October 2008 – 24th of January 2012  Budget and Funding  Total project budget, 4 002 312 Euro  ERDF, 3 056 984 Euro  Partner contribution, 945 328 Euro  75% EU-funding for Denmark, Finland, Germany and Sweden.  85% for Estonia, Latvia, Lithuania and Poland.  Russian partners will not receive any ENPI funds.

3. w w w. b a l t i c m a s t e r. o r g TOTAL BUDGET (Incl. ENPI) Budgetline (BL): WP: Personnel (BL1) External Servic es (BL2) Travel & accomm ondation (BL3) Equipments & Investm ents (BL4) Other direct costs (BL5) Total per WP WP 1995 184,00145 436,00346 128,0026 088,00146 219,001 659 055,00 WP 20,00264 862,000,0025 000,0041 087,00330 949,00 WP 3923 587,00233 770,00177 750,004 800,0019 200,001 359 107,00 WP 4431 331,00231 520,00148 400,0063 200,0018 750,00893 201,00 Total per BL2 350 102,00875 588,00672 278,00119 088,00225 256,004 242 312,00  Budget line 1, Personnel. Includes salaries, wages, employment taxes, social security, health insurance and pension contributions) of the staff directly engaged in the project and employed by the project partner institution. Unpaid voluntary work based on a written agreement.

4. w w w. b a l t i c m a s t e r. o r g  Budget line 2, External Service. work done by an external experts which is essential to the project, researchers, speaker, translators, interpreters and experts on layout, editing, design, printing and first level controllers, etc. NOTE! All community and national public procurement rules must be followed by the project partners. All contracts for external services must be backed up by necessary documents.  Budget line 3, Travel and accommodation. Travel costs directly related to the project and covering economy class travel on public transport. Accommodation and allowances for project staff related to the travel.  Budget line 4, Equipment & Investment. Examples of equipments are: IT equipment like PC, monitor, printer, incl. common software; special software; scanner; digital projector; digital/video camera; office furniture; exhibition equipment; etc. An investment is a result or an output that remain in use by the project target group after the end of the project.  Budget line 5, Other direct costs. costs relevant to the project which cannot be included under any of the above mentioned budget lines. Direct administrative costs: costs of consumables, direct office running costs and service charges (rent of the project premises, telecommunication and postal fees, direct invoices for heating, light, water, electricity or other forms of energy, direct maintenance costs); Charges for transnational financial transactions; bank charges for opening and administering the bank account(s) of the project; fees for taking part in events relevant for the project. NOTE! Not eligible costs are: indirect administrative costs (overheads) based on pro rata; charges for financial transactions within the country; debit interests and exchange rate losses.

5. w w w. b a l t i c m a s t e r. o r g Time plan & Reporting period MilestonesDeadline for submission to LP MS 1 10th of October 2008 – 31st of July 2009Approximately 1 month after. MS 2 1st of August 2009 – 31st of January 2010 MS 3 1st of February 2010 – 31st of July 2010 MS 4 1st of August 2010 – 31 st of January 2011 MS 5 1st of February 2011 – 31st of July 2011 MS 6 1st of August 2011 – 24st of January, 2012

6. w w w. b a l t i c m a s t e r. o r g GENERAL RULES FOR PAYMENT OF ERDF Joint Secretariat / PA Lead Partner Lead Partner submits activity and audited financial report Paying Authority effects payment to Lead Partner Project Partners Submit activity and audited financial reports to Lead Partner ReportsPayments Lead Partner effects payments to Project Partners PA - Paying Authority European Commission Joint Secretariat / PA submit Payment Request Europ. Commission effects payment to PA

7. w w w. b a l t i c m a s t e r. o r g GUIDLINES, REPORTING PROCEDURES AND ACCOUNTING  Budget change once during the entire project period  Reporting procedure twice a year reporting of activities related to the Application form and financial follow-up to the Joint Secretariat  Lead Partner requesting and receiving payments, and transfer funds to project partners  ALL payments from Interreg are based on the “Project Progress reports”  The money will be transferred in Euro

8. w w w. b a l t i c m a s t e r. o r g  Keep separate project accounts for the Baltic Master II project.  Copies of all accounting documentations need to be send to the lead partner  Lead partner will send out forms and templates regarding the progress report. For example  Financial and Activity Report  Time Report  List of expenditures

9. w w w. b a l t i c m a s t e r. o r g AUDIT  The Lead Partner has a centralized auditor named NUTEK, located in Stockholm, Sweden.  Centralized control system; Estonia, Latvia and Poland. (appointed by the Member States)  Decentralized system; Denmark, Germany, Finland and Lithuania (appoint its controller, must be independent and fulfil the requirements from the first level controls laid down in the Structural funds and national legal framework  Role and Task - check and certify the financial expenditures - Lead partners auditor confirm the whole progress report every milestone.

10. w w w. b a l t i c m a s t e r. o r g THANK YOU!  Do not hesitate to contact me concerning financial matters.  johanna.olofsson@regionblekinge.seohanna.olofsson@regionblekinge.se