INPhINIT: 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 1.000€ in year 1 and 2.000€ in year 2:
| ANNUITY 1 | ANNUITY 2 | ANNUITY 3 | |
|---|---|---|---|
| Justified by the host institution | 1.000€ | 2.000€ | |
| Funds awarded | 3.500€ | 3.500€ | 3.500€ |
| Funds to justify | 3.500€ | 5.250€ | 5.250€ |
| Transferable funds | 1.750€ | 1.750€ | - |
- In year 1, the funds awarded and the funds to justify are the same (3.500€), as there are no previous transfers of funds. In this case, imagine that the host institution justifies 1.000€ (less than 50% of the annual funds awarded). Even though there is a remnant of 2.500€, only 1.750€ (50% of the funds awarded) can be transferred.
-
In year 2, the funds awarded are 3.500€ but the total funds that can be
justified are
5.250€, as 1.750€ 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
2.000€, which would correspond to:
- 1.750€ of the funds transferred from year 1,
- and 250€ of the funds awarded for year 2. Given that only 250€ of the funds awarded for year 2 have been spent (therefore 50% of the funds awarded for that year has not been reached), the host institution cannot transfer the full remnant of 3.250€ (3.500€ - 250€), but only 1.750€ can be transferred to the following year (50% of the funds awarded for year 2).
- Thus, in year 3 the host institution will have a total of 5.250€ to spend (3.500€ of funds awarded + 1.750€ transferred from year 2).