Budgetary Control and Monitoring. The Management Committee shall prepare a draft annual budget for consideration and approval by each of the partners as part of their budget setting process. The budget will be used to calculate the required contribution from each Partner as identified in paragraph 2 above. The Collaborative is not authorised to operate or budget for an accumulative or deficit position. In the event that annual accounts are closed in a deficit position, the deficit will be made good by the Partners contributing to the same in the same proportions as the Partners contributions to the Annual Budget and any surpluses shall be carried over or returned to the Partners in the same proportions as the Partners contributions as determined and agreed by the Management Committee. The Host Authority’s Section 151 Officer shall ensure there are mechanisms in place to enable budgets to be managed in line with the available resources and any variations to the budget are identified as early as possible. The Host Authority’s Section 151 Officer will submit quarterly budget monitoring reports of the Collaborative to the Management Committee on a half yearly basis which will include explanations for any variances against the profiled budget. The Management Committee will review the expenditure and monthly forecast to ensure that the allocated budget is being correctly adhered to. The Management Committee shall be prepare and consider a proposed budget for the Collaborative for the following financial year by 31st December prior to the start of each financial year for agreement by 7th March in each year subject to final approval in accordance with the financial procedures and constitutional arrangements of each Partner.
Budgetary Control and Monitoring. 4.1. The Head of Adoption shall prepare a draft annual budget for consideration by the Partnership Board and approval by each of the Partners as part of their budget setting process. Timings to be in line with the Lead Partner’s budget preparation timetable. All items listed at paragraph 2.3 above are excluded by definition from the Adoption Partnership South East budget. The Lead Partner is not authorised to operate or budget for an accumulative or deficit position. In the event that the annual accounts are closed in a deficit or surplus position (see further detail at 0), the deficit or surplus will be managed through the use of the Earmarked Reserve or as agreed by the Partnership Board (see further detail at 0)
Budgetary Control and Monitoring. 4.1 The Head of Service shall prepare a draft annual budget for consideration by the ALS Management Board and approval by each of the Partners as part of its budget setting process. All areas listed at 2.3 are excluded by definition from the ALS budget. The Host Authority is not authorised to operate or budget for an accumulative or deficit position. In the event that the annual accounts are closed in a deficit position (see further detail at 4.3), the deficit will be made good by the Partners contributing in the same proportions as the Financial Contributions to the annual budget – having been agreed before the year end. Any surplus shall be carried over and returned to the Partners in the same proportions as the Partners’ Financial Contributions determined by the ALS Management Board (see further detail at 4.4).
Budgetary Control and Monitoring. 4.1 The Head of Service Adopt London West shall prepare a draft annual budget for consideration by the Adopt London West Partnership Board and approval by each of the Partners as part of their budget setting process. Timings to be in line with the Host Authority’s budget preparation timetable. All items listed at paragraph 2.3 above are excluded by definition from the ALW budget. The Host Authority is not authorised to operate or budget for an accumulative or deficit position. In the event that the annual accounts are closed in a deficit or surplus position (see further detail at 4.3), the deficit or surplus will be managed through the use of the Earmarked Reserve or as agreed by the ALW Partnership Board (see further detail at 4.3)
