Contributions to the Pooled fund Sample Clauses
Contributions to the Pooled fund. 9.3.1 Annual contributions to the Pooled fund will be calculated taking into account but not limited to
(i) recurrently rolled forward Funds from previous year
(ii) plus or minus agreed in-year changes where recurrent (overspends or underspends)
(iii) plus or minus agreed inflationary uplift
(iv) plus or minus planned and agreed changes, and
(v) minus planned and agreed efficiency requirements
9.3.2 The parties agree that these changes must not have a detrimental financial impact on either party unless specifically agreed with the party adversely affected and approved by HCICB.
9.3.3 Contributions agreed by Parties will be formally budgeted for prior to the start of the new financial year.
9.3.4 Where required, the organisation which is not hosting the Pool will pay its contribution to the Pooled Fund by 4 equal instalments on a fixed date agreed with the Pool Host in each year of this Agreement. As a minimum this will be an amount equal to the amount allocated in respect of its revenue expenditure budget for the CHANGE Services in question for the said Financial Year in which the payment is made. The amounts will be set out in Schedule 2.
9.3.5 The annual Pooled Fund will normally be calculated as the initial Pooled Fund for the previous year, plus any agreed in-year changes where it is decided these should be recurrent, plus any agreed inflationary uplift for the forthcoming year, plus any agreed planned changes for the coming year, plus any agreed efficiency requirements. The way in which such annual Pooled Fund will be determined shall be in accordance with the above provisions.
9.3.6 The contribution by the Council to the Pooled Fund shall be made upon the net figure after deductions for charges levied on Service Users, or any associated costs or expenses.
9.3.7 The parties recognise that there may be scope to develop the Partnership and to bring other budgets and services in addition to those specified in Schedule 1 into pooled or aligned arrangements from time to time and any such changes will be treated as variations to this agreement and will be evidenced in writing and Scheduled to this agreement.
9.3.8 The Pooled Fund shall only be used for the provision of Services agreed to fulfil the Aims and Outcomes of this Agreement as set out at Schedule 1 to this Agreement.
9.3.9 Changes forecast to the total level of agreed Pooled Fund expenditure for the year shall be reported to the next meeting of the HCICB and the HCICB shall agree appropriate actio...