Welcome to Innovative Trainer Partnership Meeting #6 in Valencia

The Meeting Agenda

The Meeting Agenda

Project Finances

The Project Budget

The table that Colin circulated……

Our Financial Resolution Plan:1st off, we need to get to a known state i.e. how much is likely to be spent/not spent by each partner?

Secondly, our aim is to bring each partner as close to vouching their total contracted budget as possible. Individual partner underspends will be re-allocated to cover their own overspends in the first instance. Note: the virement rule is that funds can be moved between designated budget headings up to a maximum of 10% of the budget into which the funds are being moved. (i.e. at the overall programme level)

Thirdly, funds that cannot be re-allocated within overall partner budgets will be pooled. As far as possible these funds will be allocated to partners who can make a case for further virement into one of their budget headings without breaching the overall 10% rule. This would have to be a realistic and defensible case: by way of example an increase in staff time of a further 10% for an individual partner would have to be justified in the context of the work packages for which that partner was responsible

Our Financial Resolution Plan continued:

We need to complete this process ASAP

The Final Report…..

The final report and separate financial tables for each partner are now on the SVN

WP1_Management_Administrative_Financial\Final Report

Final Report – Financial Table

The good news is…..The format is the same as that used for the

Interim Report

So you’ve already completed half of it

The absolute deadline for completion of your financial tables is end of w/c

November 3rd 2014

Colin will be chasing you!

Final Report – Narrative

The Main Points

Work Package leaders are responsible for this part!

Final Report – Dissemination

We have been stressing the need to record all of your dissemination activities since the

outset of this project

Here’s why….

Each dissemination activity will need an individual entry

This is a relatively quick process

Joe to complete

Joe to complete

It is vital that we don’t fall down in this area, the more entries we can muster, the better

The absolute deadline for narrative pieces is end of w/c November 10th 2014

The above deadline will allow Colin the time he needs to draw together and submit the report

These deadlines should be considered as ‘in stone’, you need to work to them if Colin is going to be able to submit the final report

(on which our final 20% payment is predicated) on time

Next Steps: Financial Table…..

All Partners: download your version of the financial table from the SVN, when complete please both e-mail it to Colin and upload it to

SVN

Next Steps: Final Report Document…..

All Partners: download the Final Report PDF and complete your organisation’s Dissemination details

Work Package Leaders: complete the ‘Results’ sections

When complete please both e-mail the report to Colin and upload it to SVN

Remember, Innovative Trainer has the potential to be an exemplar of collaborative

working – one final team effort will make the reporting process relatively painless….

If you have questions on any aspect of the Final Report please contact Colin

Thank You!