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FINANCIAL FORECASTS July 2013 Jerome Simpson, VANGUARD Project Coordinator REC

FINANCIAL FORECASTS July 2013 Jerome Simpson, VANGUARD Project Coordinator REC. Slide 2/7. A +4m extension will absorb only ‘so much’ of this. Spending – As of mid-March 2013. A/C/D: Green percentages: Underspending * incl. Sub-contracts. 80 percent spent/Eur 752,772 unspent. Slide 3/7.

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FINANCIAL FORECASTS July 2013 Jerome Simpson, VANGUARD Project Coordinator REC

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  1. FINANCIAL FORECASTSJuly 2013 Jerome Simpson, VANGUARD Project Coordinator REC

  2. Slide 2/7 • A +4m extension will absorb only ‘so much’ of this.. Spending – As of mid-March 2013 • A/C/D:Green percentages: Underspending • * incl. Sub-contracts 80 percent spent/Eur 752,772 unspent

  3. Slide 3/7 Move 26131 to staffing = 7 PMs for WIKI, pubs, rpting Labour rate change: REC for WIKI help, results pubs, extension, DoW u/d Proposed own Partner Shifts to mid-July 2014 • * incl. Sub-contracts | Red = changes Labour rate change: 4016: 1 PM Task 1.3; 2.5 PM: Task 4.7; 2 PM: Task 3.4 Labour rate change: 5000 (1PM Task1.3; 3.7PM Task 3.4); retains 11k for 2 extra study tours & 5k for Oct. tour

  4. Slide 4/7 Proposed Budget Decreases to mid-July 2014 • * incl. Sub-contracts | Red = changes - 16092 (WP1.1/3.4/4.5/4.6/5.3) PMs: -1.4 (WP2); -4.4 (WP4); -3 (WP5); +11,263 for Legacy Cities Eur 250,962 unspent

  5. Slide 5/7 1 PM each for T4.7, 3.4 &1.3; 2.5k Travel: T1.3&T3.4 Proposed Budget Increasesto mid-July 2014 • * incl. Sub-contracts | Red = changes Travel to Brest/CM (T1.3) + 0.5PM for Task 4.2 (website handover) & 0.5PM Task 1.3 Eur 40,694 shifted

  6. Slide 6/7 • Task 5.1: Mailing materials to WIKI, Evaluation Handbook ► Eur 5,000 (postage) • Task 5.1: Occasional CIVITAS PR work through to assignment end ► Eur 5,000 (travel) • Task 5.1: CIVITAS Stand Hardware ► Eur 25,000 (mountable flatscreens w built-in DVD or digital mirror) • Task 5.1: CIVITAS Stand audio-visual software development (interactive digital game or quiz feature, video compilation) ► Eur 36,200 (4 subcontracts@5000 for software dev., transport content, DVD ‘play all’ video compilation; design + 6PMs) • Task 5.3: Forum ‘13 Travel (Journalists, Media, Moderators, Speakers) incl. discretionary fund for non-demo cities offered on a first-come first served basis (up to 20 cities) ► Eur 36,000 + EUR 5,400 (2PMs to administer) • Task 5.3: Forum ’14 ► Up to51,142+ EUR 5,400 (2PMs to administer) • Task 5.4:Ten years of CIVITAS Awards Compendium charting the growth in prestige of the awards over 10 yrs and putting the winner cities in the spotlight, great for highlighting outstanding achievements ► Eur 28,700(6PM+12500 Printing and mailing) SUM: (177842 + 7% overhead + 20,000 s/c =)210,291 Unspent Fund Allocation (Eur 210,291) REC ‘Extra’ Summary: Eur 83,500 direct costs +14 PMs (Eur 37,800) + Eur 8491 overhead + Eur 20,000 (sub-contracts) + Optional (Forum 14)Eur 51,142 direct costs +2 PMs (Eur 5,400) +Eur 3958 overhead

  7. Thank You Jerome Simpson Tel: +36 26 504 039 E-mail: JSimpson@rec.org

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