Common use of Budget transfers Clause in Contracts

Budget transfers. The budget in Annex 2 is an estimation. Therefore at the time of reporting, beneficiaries may declare costs that are different from the estimated eligible costs in the budget. Moreover, beneficiaries may transfer budget among themselves, between linked third parties or between budget categories — without requesting an amendment (see Article 55) (unless Annex 1 must be changed). 5.1) can however NEVER be increased. If the incurred eligible costs are lower than the estimated eligible costs, the difference can be allocated to another beneficiary or another budget category. The amount reimbursed for the other beneficiary (by application of its reimbursement rate) or for the other budget category (to which the budget transfer is intended) may thus be higher than planned. 1 while the actual personnel costs of Beneficiary B are EUR 60 000. This may be acceptable provided the additional costs of Beneficiary A fulfil the eligibility requirements of Article 6 and up to the maximum grant amount set out in Article 5.1 (at the level of the action).