Budgeting procedures. 16.1 Where possible the Home Office will provide indicative allocations, for planning purposes only, for the period possible in line with the Department’s own indicative allocations. Each year, as close as possible to the start of the financial year, the Home Office will send to the GLAA: • a letter of financial delegation which confirms the GLAA’s total government funding allocation within which they are expected to deliver their business plan. This delegation remains in place until overtaken or withdrawn. • the Home Office will provide indicative future years allocations, for planning purposes only, to the GLAA corresponding to the Home Office indicative allocations. Where this is not possible, for example, at the end of a Spending Round, the Home Office will provide a clear explanation to GLAA on the reasons.
Budgeting procedures. The parties shall be bound by the budgeting procedures set out in clause 9.4.15.
Budgeting procedures. 24.1. The MOD has a responsibility for funding the SCOAF. However, the SCOAF should provide assurance to the PAO that they have systems in place adequate to meet the standards in Box 3.1 of MPM, and its successors (in line with the PAO’s responsibilities in the MPM paragraph 3.3.1).
Budgeting procedures. 19.1. Each year, in the light of decisions by the Department on the updated draft strategic plan, the Department will send to Cafcass as part of the annual remit process:
Budgeting procedures. 23.1 Each year, following agreement on the SIA business plan, the Home Office will send to the SIA’s Chief Executive a letter of financial delegation which confirms the SIA’s total government funding allocation within which they are expected to deliver their business plan. The total allocation will only include capital totals for the remainder of the spending review.
Budgeting procedures. 4.5.1 ICAI’s financial performance shall be reviewed formally at each meeting of the ICAI Board of Commissioners which will include representation at least once a year from DFID. It shall also be reviewed jointly, and regularly by ICAI and the DFID sponsorship and finance teams, involving DFID HR as necessary on headcount issues. The Head of Secretariat has designated responsibility for advising the Chief Commissioner and Commissioners on any financial issues which he or she considers should be brought to their attention between meetings. For this purpose, the Chief Commissioner will meet with appropriate senior staff at regular intervals and receive reports on financial performance at intervals of not less than one month.
Budgeting procedures. 45. In August of each year, the Sponsor will set out the objectives and requirements of SRT (and/or any changes to existing objectives and requirements) for the purpose of allowing SRH to propose a budget. Each year, Scotland’s Railway Financial Model (covering the next 5 year period) shall also be updated and submitted by SRH, along with the business plan, to the Sponsor Representative (acting on behalf of the Scottish Ministers) for approval in September of each year prior to the beginning of the financial year in question. The Strategic Rail Board will consider the budget proposed by SRH when the Scottish Ministers publish the Scottish Budget and the Sponsor Representative will discuss approvals and/or changes required with SRH. In light of such discussions and decisions by the Scottish Ministers on the allocation of budgets for the forthcoming financial year, the Sponsor Representative will send to SRH a formal statement of its budgetary provision, and a note of any related matters and details of the budget monitoring information required by the Scottish Government (the “Budget Allocation and Monitoring Letter”). The terms of that Budget Allocation and Monitoring Letter should be viewed as complementing the terms of this Framework Agreement.
Budgeting procedures. 12.1 Each year, in light of decisions by the MoJ on the updated MoJ draft corporate plan and subject to the budget negotiations set out in 10.1, the MoJ will send, to the Head of the Secretariat, as close to the end of the financial year as possible: • a formal statement of the annual budgetary provision allocated by the Department in light of competing priorities across the Department, and any forecast income approved by the Department, including funding from other Departments; and • a statement of any planned change in policies affecting the Lay Observers.
Budgeting procedures. Company shall submit an annual Operating Budget to Authority that utilizes Authority’s budget forms and processes, which shall include line-items for approval by Authority on or before June 1st of each Contract Year. Authority shall review and approve the Operating Budget on or before August 1st of the current Contract Year. For each six (6) month period of the Contract Year, Company shall submit an updated comparison of budget versus actual. This process will continue for the entire term of this Agreement. In addition, Company shall provide budget reforecasting and explanations of monthly budget variances to Authority.
Budgeting procedures. 14.4. Each year, HMT will send the CMA a formal settlement letter outlining the budgetary provision allocated by HMT for the period.
