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FP6 Financial Info & FAQs --> Project --> Reciepts to the Project - Income generated

Under FP6, projects can be partially funded from other sources. In these circumstances, the income should normally be deducted from the relevant costs before calculating the costs for purposes of the EU contribution (whether it be 50% or 100%). In addition, contributions in kind (staff or technical assistance from a third party, equipment, materials etc.) should be reported but should have a neutral effect on the EU contribution since the income and expense are identical. In a similar fashion, where an organisation using AC cost basis, have staff working on the project who are excluded from being charged to the project, the hours should still be reported in the period and final statements. While the basis of reporting is still unclear, it will probably be best to include these personnel costs at value and exclude them on the same basis as other “contributions in kind”.

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