Common use of Budget transfers Clause in Contracts

Budget transfers. The budget in Annex 2 is an estimation. Therefore at the time of reporting, beneficiaries may declare costs that are different from the estimated eligible costs in the budget. In particular, beneficiaries may transfer budget among themselves or between budget categories without the need of a notification to the Commission/Agency or an amendment (see Article 55) if the action is implemented as described in Annex 1. The maximum grant amount (see Article 5) can however never be increased. What can be transferred? If the incurred eligible costs are lower than the estimated eligible costs, the difference can be allocated to another beneficiary or another budget category. The amount reimbursed for the other beneficiary (by application of its reimbursement rate) or for the other budget category (to which the budget transfer is intended) may thus be higher than planned.

Budget transfers. The budget in Annex 2 is an estimation. Therefore at the time of reporting, beneficiaries may declare costs that are different from the estimated eligible costs in the budget. In particular, beneficiaries may transfer budget among themselves or between budget categories without the need of a notification to the Commission/Agency or an amendment (see Article 55) if the action is implemented as described in Annex 1. The maximum grant amount (see mentioned in Article 5) can 5 cannot however never be increased. What can be transferred? If the incurred eligible costs are lower than the estimated eligible costs, the difference can be allocated to another beneficiary or another budget category. The amount reimbursed for the other beneficiary (by application of its reimbursement rate) or for the other budget category (to which the budget transfer is intended) may thus be higher than planned.

Budget transfers. The budget in Annex 2 is an estimation. Therefore at the time of reporting, beneficiaries may declare costs that are different from the estimated eligible costs in the budget. In particular, beneficiaries may transfer budget among themselves themselves, between linked third parties or between budget categories without the need of a notification to the Commission/Agency or an amendment (see Article 55) if the action is implemented as described in Annex 1. The maximum grant amount (see Article 5) can however never be increased. What can be transferred? If the incurred eligible costs are lower than the estimated eligible costs, the difference can be allocated to another beneficiary or another budget category. The amount reimbursed for the other beneficiary (by application of its reimbursement rate) or for the other budget category (to which the budget transfer is intended) may thus be higher than planned.