Urban Trappers, Predator Free Wellington. Photo by Peter Young.
How we calculate co-funding Co-funding is calculated over the forecast life of large landscape projects. Each project’s forecast budget is fully costed and includes financial and monetised in-kind contributions. Volunteer and pro bono contributions are costed at market value, subject to a reasonableness test7. A co-funding ratio is determined by applying the following two-step calculation: 1. Project budget less Department of Conservation funding, less Company funding = eligible third-party funding 2. Co-funding ratio = eligible thirdparty funding/Company funding For the purposes of calculating the co-funding ratio, funding (in cash and monetised in-kind) from the Department of Conservation is excluded. The ratio is therefore calculated by subtracting any public service entity contribution from
the overall budget, and using this figure to determine the overall contribution the Company makes. Co-funding requirements are not applied to administration costs, science, Products to Projects and capability development costs. How we calculate Jobs for Nature FTEs The company calculates all Jobs for Nature FTEs based on the calculation provided by the Department of Conservation, where 1 FTE equals 30 hours per week over 52 weeks of a year. The calculation methodology does not calculate numbers of new roles, rather, it calculates numbers of hours cumulatively worked. This means that one person working for 30 hours a week for four years equates to 4 FTEs.
The treatment of in-kind contributions has consistently been applied since 2018, following advice from the Department of Conservation.
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