Financial terms

Each year, subject to available credits, the MICC determines the amount of funding that it will allocate under the program.

Funds allocated to an eligible organization under an agreement with the MICC are to be used exclusively to fulfill its obligations as defined by this agreement.

The organization is authorized to allocate credits as it sees fit among its various budget items following an agreement with the MICC. It must, however, follow these rules:

• fully respect the overall envelope that it received under the agreement with the MICC
• not allocate more than 10% of this envelope for eligible activities other than client services (see Point 8)
• not allocate more than 20% of this envelope to operating costs that can be attributed to eligible services and activities (these costs can include professional fees, rent or mortgage payments, electricity, water, heating, telephone, office supplies, equipment, taxes, maintenance expenses, insurance, banking fees, advertising, participation in seminars and conferences and transportation expenses).