Financial reports
You must submit a financial report and a request for payment with every full progress report. You may also submit a financial report with any basic progress report. Payments are made based on reimbursements of costs that each beneficiary has already paid. Some beneficiaries may therefore need six monthly claims for payment in order to secure their cash flow. This should be agreed within the partnership.
Every claim from every partner must be approved by a designated first level controller. There are detailed requirements for this process in the section on first level control.