Common use of Budget Management Clause in Contracts

Budget Management. 3.9.1 VSP Grant aid is allocated to VSS by OFMDFM on an annual basis. The offer of Grant for the Organisation is up to the amount stated in the Letter of Offer. 3.9.2 No Grant shall be paid unless and until VSS is satisfied that such payment will be used for the proper expenditure in the delivery of the VSP. The amount of the Grant shall not be increased in the event of any overspend by the Organisation in the delivery of the VSP. 3.9.3 For two year schemes, monies profiled for expenditure in one year but not spent in that year cannot normally be carried over to the following year. Any proposals should be made in writing to VSS. 3.9.4 Any unspent Grant funding or any Grant funding that is unlikely to be spent by the Organisation will be reclaimed by VSS. 3.9.5 The Organisation must inform VSS of any changes that might have a detrimental impact on the delivery of its work plan of services and budget during the lifetime of the award. Such notification should be made in writing within 5 working days. 3.9.6 A quarterly forecast must be prepared and explanation provided by the Organisation if actual claimed expenditure varies significantly from the previously submitted quarterly forecast and/or budget. A failure to submit accurate forecasts may result in a reduction in the amount of Grant Aid available to the Organisation. 3.9.7 Forecasts must be submitted in a template provided by VSS and in line with VSS training to be provided within 2 months of Contract being agreed. 3.9.8 Any request for transfer of funds between budget lines must be made in writing to VSS and is subject to written approval by VSS.

Budget Management. 3.9.1 4.9.1 VSP Grant aid is allocated to VSS by OFMDFM The Executive Office on an annual basis. The offer of Grant for the Organisation is up to the amount stated in the Letter of Offer. Year 7 will be dependent on grant aid being allocated to VSS for Year 7. 3.9.2 4.9.3 No Grant shall be paid unless and until VSS is satisfied that such payment will be used for the proper expenditure in the delivery of the VSPProgrammes. The amount of the Grant shall not be increased in the event of any overspend by the Organisation in the delivery of the VSPProgrammes. 3.9.3 For two year schemes, monies 4.9.4 Monies profiled for expenditure in one year but not spent in that year cannot normally be carried over to the following year. Any proposals should be made in writing to VSS. 3.9.4 4.9.5 Any unspent Grant funding or any Grant funding that is unlikely to be spent by the Organisation will may be reclaimed by VSS. 3.9.5 4.9.6 The Organisation must should inform VSS of any changes that might have a detrimental impact on the delivery of its work plan of services and budget during the lifetime of the award. Such notification should be made in writing to VSS within 5 working days. 3.9.6 4.9.7 A quarterly forecast must should be prepared and explanation provided by the Organisation if actual claimed expenditure varies significantly from the previously submitted quarterly forecast and/or budget. A failure to submit accurate forecasts may result in a reduction in the amount of Grant Aid available to the Organisation. 3.9.7 4.9.8 Forecasts must should be submitted in a template provided by VSS and in line with VSS training to be provided within 2 months of the Contract being agreed. 3.9.8 4.9.9 Any request for transfer of funds between budget lines must should be made in writing to VSS and is subject to written approval by VSSVSS in line with the VSS Guidance Note on Budget Management.

Budget Management. 3.9.1 4.9.1 VSP Grant aid is allocated to VSS by OFMDFM The Executive Office on an annual basis. The offer of Grant for the Organisation is up to the amount stated in the Letter of Offer.. Year 2 & 3 will be dependent on grant aid being allocated to VSS for Year 2 & 3 3.9.2 4.9.2 PEACE IV Programme Grant aid is allocated to VSS by SEUPB on an annual basis. The offer of Grant for the Organisation is up to the amount stated in the Letter of Offer. Year 2,3 &4 will be dependent on grant aid being allocated to VSS for Year 2,3 & 4 4.9.3 No Grant shall be paid unless and until VSS is satisfied that such payment will be used for the proper expenditure in the delivery of the VSPProgrammes. The amount of the Grant shall not be increased in the event of any overspend by the Organisation in the delivery of the VSPProgrammes. 3.9.3 For two year schemes, monies 4.9.4 Monies profiled for expenditure in one year but not spent in that year cannot normally be carried over to the following year. Any proposals should be made in writing to VSS. 3.9.4 4.9.5 Any unspent Grant funding or any Grant funding that is unlikely to be spent by the Organisation will may be reclaimed by VSS. 3.9.5 4.9.6 The Organisation must should inform VSS of any changes that might have a detrimental impact on the delivery of its work plan of services and budget during the lifetime of the award. Such notification should be made in writing to VSS within 5 working days. 3.9.6 4.9.7 A quarterly forecast must should be prepared and explanation provided by the Organisation if actual claimed expenditure varies significantly from the previously submitted quarterly forecast and/or budget. A failure to submit accurate forecasts may result in a reduction in the amount of Grant Aid available to the Organisation. 3.9.7 4.9.8 Forecasts must should be submitted in a template provided by VSS and in line with VSS training to be provided within 2 months of the Contract being agreed. 3.9.8 4.9.9 Any request for transfer of funds between budget lines must should be made in writing to VSS and is subject to written approval by VSSVSS in line with the VSS Guidance Note on Budget Management.