changes to second year funding
COST imposes changes to Funding Year
We learnt at the beginning of February that our second financial year will end one month earlier than scheduled, on the 30th April. This is because COST need to rationalise Action funding years to their new income stream. There are significant implications for the ILVO Training School, some STSM and to a lesser extent the Glasgow SARA Workshop. The effects are summarised in the right hand column. More details will be provided to those who are directly affected.
The bottom line effect of having to move one activity to the next funding year and curtailing two STSM is that we now project a 20K euro underspend in this financial year. This money cannot be carried forward. There will also need to be adjustment to next year's budget, and we have also been informed by COST that ALL Actions will have a budget cut next year. We do not yet know the extent of the cut.
Responses: additional Strategy Meeting and Mid-term Dissemination Report
We do not intend to hand back 20K euro! ASG have proposed two additional activities to be funded this year (ie before the end of April) and MC are now voting whether or not to adopt these proposals. In brief:
Strategic Planning Meeting to draft the Final (Fourth Year) Work Plan
Mid-term dissemination report
The ILVO Training School will continue as planned and be held on May 10th to 13th. As a consequence it will be funded from the Third Year budget, which means that official invitations will NOT be sent out until May 1st at the earliest. Participants have been informed.
The Glasgow SARA Workshop will continue as planned. The only change is that those delegates who will receive reimbursement will HAVE to make their claim either at the meeting itself or by Monday 25th April at the latest. More details will be sent out soon. Official invitations will be sent in late February.
All STSMs MUST officially finish and be reported by the middle of April at the latest. Individual participants will all be contacted in the next few days and we will do our best to ensure that everyone receives the funding that they expected and can complete the work that they expected to do. Please be patient until we contact you.