FINANCIAL REPORTING

The main rule is that national participants report to their national funding institution with whom they also have grant letters and/or contracts. E.g. Swedish participants receiving their national funding from SEPA, will submit their financial reports to SEPA to the contact person mentioned under National Contact Persons. 

Each national funding institution will submit one joint financial report including all respective national participants' expenditure t to the BONUS EEIG. 

There are two exceptions to this main rule:

1) Those Finnish participants who have received their grant letters from BONUS EEIG;

2) Non-Baltic participants who have also received their grant letters from BONUS EEIG.

Both of the above mentioned will submit their financial reports directly to the BONUS EEIG who will provide the participants with the partly pre-filled reporting forms on due time.

Reporting deadlines will be set either in the grant letters or contracts. In general the financial reports will be submitted by the national funding institutions to the BONUS EEIG once a year.