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TACIS - Practical experiences Riga 2007-09-26 Rolf Wännström County Administrative Board of...
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Transcript of TACIS - Practical experiences Riga 2007-09-26 Rolf Wännström County Administrative Board of...
TACIS - Practical experiencesRiga 2007-09-26
Rolf Wännström
County Administrative Board of Västerbotten
Financial Management
• Crucial issues– Lead partner responsibilities– Legal status of Russian/Belorussian partners– Payments– Financial liquidity– Language
Financial Management
• Lead partner responsibilities– Lead partner receives pre-payment as soon as the Grant
Contract is signed by both parties (EC Delegation and Lead partner)
– Responsible for submitting Project updates, Interim and Final reports
– Auditing done by Lead partner
Financial Management
• Legal status of Russian/Belorussian partners– Regional/national authorities can not usually receive EU funds!
• Regional authorities are financed through the Treasury• The Treasury has no currency account• Transferring of funds from foreign organisations is impossible!
– Theatres, libraries which belong to a regional/national authority ARE allowed to open currency accounts!
– Should be discussed in the project preparation phase
Financial Management
• Payments– Cash
• Limit of 3.000 dollars
– Bank transfer to organisation• Opening of currency account in other country
– Bank transfer to service providers• Contracts with individuals, or sub-contractors
Financial Management
• Financial liquidity– Pre-payment very important– Second payment received when 70% of pre-payment is used– Final payment