Junior Leader: practical example on remnants transfer

In the following example of how the transfer of remaining unused research costs works, we assume that the host institution justifies 10.000€ in year 1 and 30.000€ in year 2:

	ANNUITY 1	ANNUITY 2	ANNUITY 3
Justified by the host institution	10.000€	30.000€
Funds awarded	38.500€	38.500€	38.500€
Funds to justify	38.500€	50.050€	50.050€
Transferable funds	11.550€	11.550€	-

• In year 1, the funds awarded and the funds to justify are the same (38.500€), as there are no previous transfers of funds. In this case, imagine that the host institution justifies 10.000€ (less than 70% of the annual funds awarded). Even though there is a remnant of 28.500€, only 11.550€ (30% of the funds awarded) can be transferred.



• In year 2, the funds awarded are 38.500€ but the total funds that can be justified are 50.050€, as 11.550€ have been transferred from the previous year. The transferred remnants are the first amounts to be spent. In this case, imagine that the host institution justifies 30.000€, which would correspond to:
  
  
  • 11.550€ of the funds transferred from year 1,
  • and 18.450€ of the funds awarded for year 2. / Given that only 18.450€ of the funds awarded for year 2 have been spent (therefore 70% of the funds awarded for that year has not been reached), the host institution cannot transfer the full remnant of 20.050€ (38.500€ - 18.450€), but only 11.550€ can be transferred to the following year (30% of the funds awarded for year 2).



• Thus, in year 3 the host institution will have a total of 50.050€ to spend (38.500€ of funds awarded +11.550€ transferred from year 2).