No, RYCO requires budgeting and accounting with actual costs projected/incurred with the exception of the indirect/administrative costs that can be budgeted as a flat rate of not more than 7% of the total eligible costs of the project.
read moreNo, in-kind contributions cannot be accepted as co-funding.
read moreYes, you are allowed, but only if fully justified by the project’s purpose.
read moreRYCO will pay its grants according to the following procedure: An initial installment of 80% of the grant will be released within 30 days of receipt of the signed grant contract. The balance (20% of the grant, or the remaining amount according the actual budget spent/co-financing provided in case of under spending) will be released
read moreNo, ineligible costs in the budget will make the proposal ineligible. Please refer to section 2.10. – 2.12. of the Guidelines for Grant Applicants for more information on the eligibility of the costs.
read moreNo, it is up to applicants to demonstrate that the implementation of the project is cost-effective.
read moreNo, since tax exemption cannot be guaranteed in all contracting parties at this moment.
read moreYes, but the responsibility for the full implementation of activities and reporting on expenses related to them remains with the Applicant.
read moreNo, RYCO only funds initiatives that were designed specifically for this Call.
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