Seminar for Beneficiaries
20-21 February 2012
Narva, Estonia
Beneficiary Seminar
Financial reporting
Joint Technical Secretariat
Expenditure verification report
Payment option 1
(grant < 300 000 EUR and implementation period < 18 month)
EVR is needed only when submitting the final report
NB! Request of payment must be accompanied by the narrative
and financial report and list of expenditures prepared by the
Beneficiary (use JTS prepared template)
Payment option 2
(grant > 300 000 EUR or implementation period > 18 month)
EVR must be submitted with every request for payment and with
the final report.
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Financial reporting
Grant Contract Special Conditions Art.7.3.3.
“In case, where no expenditure verification report is required
the Beneficiary has to provide a list of the financial and
supporting documents covering the respective period and a
printout of the project account showing project's income and
expenditure and payments received in the period of the current
Interim Report.”
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Financial report
Financial report is a part of Interim report template and includes:
Sheet X “Expenditures”
Sheet XI “Sources of funding”
Sheet XII “Interest”
Sheet XIII “Revenue”
Form is pre-filled according to latest Full Application Form
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Expenditures
Only “Real Spending “and “Expenditure
forecast” sections must be filled in by
Beneficiary
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Sources of funding
Sources of funding ratio must be in line with Project
Application Form and Grant Contract
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Interest income
Bank interest from advance payments must be
indicated separately from other project incomes
and revenue
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Revenue
Possible sources of revenue:
 fee for participation in project’s events
 fee for using equipment bought within the project
 fee for using premises financed through Direct local
costs etc.
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Supporting documents
EXPENDITURE VERIFICATION REPORT
(model EVR - annex 3 to the annex VII to GC)
OR
Printout of the project account and list of
the financial and supporting documents
covering the respective period
(please use template prepared for projects with
payment option 1)
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JTS contacts
Thank You for Your attention!
www.estlatrus.eu
Email: info@estlatrus.eu
Phone: +371 6750 9520
Address: Ausekla Str. 14-3, Riga
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