Translation glossary

Rules of Procedure are the regulations of a legislative body in conducting its business.

Sampling refers to verification of less than 100% of items in a given budget line based on a methodology defined in advance and; professional judgement of a controller. (HIT)

Sea Basin Strategy is a structured framework of cooperation in relation to a given geographical area, developed by Union institutions, Member States, their regions and where appropriate other countries sharing a sea basin. Sea Basin Strategy takes into account the geographic, climatic, economic and political specificities of the sea basin.

Shared costs of a project are costs common to at least two project partners, thus shared between them according to a transparent, fair and equitable method. Shared costs derive from a joint implementation of the project, and link to activities that benefit a number of project partners, or the whole partnership (e.g., activities related to project management, project communication).

Simplified Cost Options (SCO), contrary to real costs, modify the concept of expenditure paid by project partners. They involve approximations of costs, and are calculated according to a pre-defined method (e.g., established by the programme on the basis of a fair, equitable and verifiable calculation, or defined by the Fund specific regulations) based on outputs, results, or some other costs. The application of simplified cost options is a departure from the approach of tracing every euro of co-financed expenditure to individual supporting documents. (See also Flat rate, Lump sum, Standard scale of unit costs).