ALIGNED BUDGET(S) AND CONTRIBUTIONS Clause Samples

ALIGNED BUDGET(S) AND CONTRIBUTIONS. 9.1 The Partners agree that due to the nature of the Services included within the Partnership Arrangements it will be necessary for the expenditure plans of the Partners to be made on the basis of: 9.1.1 An Aligned Budget (being the arrangement agreed between the Partners as the Commencement Date); or 9.2 The Partners agree that the provisions of Schedule 4 shall be the financial protocols at the outset of this agreement, and any changes shall be made in accordance with Clause 15 (Changes and Review) and Clause 16 (Variation). 9.3 Any agreement between the Partners (following the procedures set out in the Agreement relating to change in Clause 15 (Changes and Review)) to establish a Pooled Fund or make changes in relation to the Aligned Budget at any time are subject to compliance with: 9.3.1 Such consultation and notification to NHS England and the Health and Social Care Joint Unit of the Department of Health as is required in relation to the exercise of the flexibilities under the 2006 Act and Regulations; 9.3.2 Compliance with audit commission recommendations; and 9.3.3 Any other applicable Law. 9.4 In relation to financial management, each Partner shall: 9.4.1 provide such information as any of the Partners may require to enable the effective management of the Services and the Aligned Budget(s); 9.4.2 where necessary take account of comply with each others audit requirements; 9.4.3 operate effective audit arrangements which take account of relevant guidance from the Audit Commission retain responsibility for maintaining a clearly identifiable accounting structure to ensure effective monitoring and reporting of the Partnership; 9.4.4 keep full and proper records in relation to accounting and financial matters and information will be supplied between the Partners on an “open book” basis; and 9.4.5 comply with all HM Revenue and Customs directions and to have due regard to all guidance issued by HM Revenue and Customs regarding the VAT aspects of the Partnership. 9.5 It is agreed that the Aligned Budget(s) and shall only be used for the procurement and commissioning of the Services and in accordance with this Agreement. 9.6 The Partners agree to make such payments to each other as are agreed to reflect their contributions in accordance with the provisions of Schedule 4 (Financial Matters).