The Periodic Financial Report is the report on the status of the project (progress, achievement of objectives) and consists of the following parts:

• Individual financial statement for each partner,
• Explanation on the use of resources,
• a periodic summary financial statement, and an audit certificate if the audit threshold is reached.

Audit certificate if audit threshold (EUR 430,000) is reached.
The special feature of the financial statement is that these reports must be submitted online by a person authorised to do so in a special procedure. This person is the Financial Statement Authorised Signatory (FSIGN).
Only the person assigned to a project as FSIGN can submit a financial report with his or her electronic signature via his or her access in the Funding & Tender Opportunities Portal.

FSIGNS and LSIGNS have been defined for the OVGU. Within a project, an assignment must be made, which should be done in consultation with the EU Office.