FINANCIAL AGENDA FOR PROJECT HOLDERS / Be.Bo.P partnership

 BeBoP9 (Be.yond.Bo.undaries: People)

02/02/2024 – Ninth INTERNATIONAL COORDINATION note BB9

Financial agenda

Hello Dear friends.

Find below the budget table (extracted from BB6 international note) and some recommendations about your spends.

BEST REGARDS!

(ongoing) Phase 1

You have received 40% of your grant; the objective is to spend at least 70% of the sum given by the EU by next summer, so as to be able to send our interim report to the Erasmus+ Agency in June, so that the second tranche of European funds will be paid to you at the start of the 2024-2025 school year; concretely, this means that you must mobilize 70% of the money you received (or more) to finance cooperative activities C1 and C2 (study trips to Türkiye then to Latvia). In reality, given that the hosts of these events (Çesme and Baldone) may not reach such a level of spending, the other partners have to aim for a minimum objective of 80% so that the pool of schools as a whole reaches a new commitment exceeding 70,000 euros (out of the 100,000 euros broken down between the partners in January 2024). Please consider the first grant (FRANCE 22 000 / ITA, LV, TR & RO 15 400 / PORTUGAL 16 200 as your M1 budget and part of M2 (Work package 2 is mainly devoted to support C1, C2 and C3 mobilities but M4 is also presumed to support C3 and you are authorized to take money from M1 to help mobilities). Your secondary school's moral responsibility is to complete the tasks outlined in the Common Application, adhere to the timetable, and then report on the level of your spending. In this regard, you will have to declare the total amount of costs incurred without having to provide us with supporting documents (see the CP1 feedback file) but our mission as coordinator is to verify that your commitments in terms of mobility and collaboration are respected.

Do not forget you may have to fund C3 mobility before the second tranche payment !