Schedule B – Project Budget
Duration of Project:
|Allowable Expenditures||Organization Carrying Out the Project||Office of the Privacy Commissioner (OPC)||Other Sources of Funding||Total Project Funding|
|1. Salaries and benefits
Please include the hourly rate associated with each of the team members, and a breakdown of how funds will be apportioned to each individual.
|2. Travel expenses
Please include the proposed location of travel, and the purpose of the travel, (conference, workshop, etc.), the estimated costs of each trip, and a breakdown of how funds will be apportioned (plane ticket, meals, accommodations, etc.)
|4. Contractual services
Please include a list of services that will be contracted.
|5. Materials and supplies|
|6. Rentals (includes equipment and meeting rooms)
Please include a list of items that will be rented and the purpose of the rental.
|7. Other (Please specify)|
|8. Indirect administrative expenditures (up to a maximum of 15% of the total direct Project expenditures, i.e. items 1 to 7 above)*|
* E.g. Indirect administrative expenditures may not to exceed $6,521.75 for a $50K project.
1.1. Eligible costs must be incurred within the period stipulated in the Contributions Agreement. The OPC will not support any expenses incurred prior to, or after completion of, the funding period stipulated in the Agreement.
1.2. The total Eligible Costs of the Project shall be the sum of the applicable direct and indirect costs which are, or are to be reasonably and properly incurred or allocated, in the performance of the Project, less any applicable credits. These costs shall be determined in accordance with the Recipient's cost accounting system as accepted by the Office and applied consistently over time (see Schedule C).
1.3. This Costing Memorandum applies equally to all goods and services (including labour) acquired from related parties or associates. These acquisitions shall be valued at cost and shall not include any mark-up for profit, return on investment, administration or overhead except as provided for in this Agreement and shall not exceed fair market value. The Office is not obliged to accept any of these costs as eligible unless access is provided to the relevant records of the related entity.
1.4. The Goods and Services Tax, Harmonized Sales Tax, or any other applicable provincial sales tax is an eligible cost only where the amount of tax is not refundable in whole or in part by the Canada Revenue Agency as an Input Tax Credit or as a Rebate.
2. Definition of Reasonable Cost
2.1. A cost is reasonable if, in nature and amount, it does not exceed that which would be incurred by an ordinary prudent person in the conduct of a competitive business.
2.2. In determining the reasonableness of a particular cost, consideration shall be given to:
2.2.1. whether the cost is of a type generally recognized as normal and necessary for the conduct of the Recipient's business or performance of the Project;
2.2.2. the restraints and requirements by such factors as generally accepted accounting principles, arm's length bargaining, and applicable laws and regulations;
2.2.3. the action that prudent business persons would take in the circumstances, considering their responsibilities to the owners of the business, their employees, customers, the Government and public at large;
2.2.4. significant deviations from the established practices of the Recipient which may unjustifiably increase the Eligible Costs of the Project; and
2.2.5. the specifications, milestone schedule and requirements of the particular Project as they affect costs.
3.1. Eligible Costs
The eligible costs under the program are the reasonable costs directly related to the activities mentioned in the Statement of Work (Schedule A). However, administrative expenses should be limited to no more than 15% of the total project cost.
3.2. Non-Eligible Costs
Costs other than those allowed in this Costing Memorandum are ineligible unless specifically approved in writing prior to the time costs are incurred.
Notwithstanding that the following costs may have been or may be reasonably and properly incurred by the Recipient during the performance of Project activities; they are considered ineligible:
- Allowance for interest on invested capital, bonds, debentures, bank or other loans together with related bond discounts and finance charges;
- Legal, accounting and consulting fees in connection with financial reorganization, financial security issues, capital stock issues, and prosecution of claims against the Office;
- Losses on investments, bad debts and expenses for the collection thereof;
- Losses on other projects or contracts;
- Federal and provincial income taxes, excess profit taxes or surtaxes and/or special expenses in connection therewith
- Provisions for contingencies;
- Premiums for life insurance on the lives of officers and/or directors where proceeds accrue to the Recipient
- Amortization of unrealized appreciation of assets;
- Depreciation of assets paid for by the Office;
- Fines and penalties;
- Expenses and depreciation of excess facilities;
- Unreasonable compensation for officers and employees;
- Product development or improvement expenses not associated with the product being acquired under the Project;
- Dues and other memberships other than regular trade and professional associations;
- Trade-mark expenses;
- Land and buildings.
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