Attachments for grant applications

Check the call for applications to see what attachments you should include with your application. For positive grant decisions, the attachments required for the final report are specified in the grant decision, which should be given to the person responsible for the community’s accounting.

Cost centre report

A cost centre report is an accounting report for the realised revenue and costs of the supported project or operations covering the entire grant period. If the realised revenue and costs of the supported project or operations must be reported for a specific cost centre, this will be stated in the conditions and restrictions stipulated in the decision letter. The cost centre report should be named according to the intended project or activity, not according to the funding party. Grants, revenue and costs must be recorded in the list of accounts to separate account numbers so that Taike can evaluate all relevant revenue and costs.

Important note about project grants: Taike’s project grants cover the deficit generated by the supported project. The deficit is calculated by deducting the project’s other grants and revenue from the eligible costs. If the amount of the Taike grant is greater than the actual deficit, the surplus must be repaid to Taike in accordance with Section 20 of the Act on Discretionary Government Transfers. If the surplus is not repaid voluntarily, the amount will be subject to recovery procedures. The supported project, in other words, cannot generate a profit.

Account-specific income statement and balance sheet

The account-specific income statement and balance sheet are appendices to the financial statements that present the community’s finances for specific accounts. An account-specific income statement is also referred to as a long income statement.

An account-specific income statement is required as an attachment for general grants already in the application phase and as an attachment for both general and project grants in the final report phase. Account-specific income statements must be provided so that Taike can gain an accurate and sufficient picture of the realised revenue and costs of the project or operations.

Financial statements (signed)

Financial statements submitted to Taike must be signed. Financial statements and the management report must be dated and signed by the reporting entity. If the reporting entity is a corporation or a foundation, financial statements and the management report must be signed by the Board of Directors or the responsible partners together with the managing director or another person in a comparable position (Accounting Act, Section 7). Accordingly, the signature of a person authorised to sign is not sufficient for signing the financial statements of a corporation or foundation.