Flexible Funding. Flexible funding will scale in proportion to Eligible State Expenditure (Clauses A57-63 refer), up to an annual cap for each State (as set out in bilateral schedules). State funding caps reflect the estimated share of population as at the most recent Commonwealth budget or mid-year economic and fiscal outlook publication over the life of this Agreement. A State will have access to flexible funding up to an initial cap (Cap 1) where it: participates in collaborative decision making to support the objectives of shared system stewardship fulfils reporting obligations set out in Part 8 of this Agreement commits to providing no- or low-fee access to foundation skills training in its VET and ACE sector or equivalent for learners with an assessed need allocates at least 70 per cent of Commonwealth funding for VET delivery and capital to TAFE and public training providers, including dual-sector universities and meets VSL Program cost sharing arrangements for government subsidised students as set out in this Agreement. Unless varied by transition arrangements as specified in the relevant bilateral schedule appended to this Agreement, the Commonwealth will contribute a 33 per cent share of Eligible State Expenditure up to Cap 1. Subject to a State meeting the criteria in Clause A47, the Commonwealth’s estimated maximum and minimum financial contribution (representing the relevant State’s projected SPP entitlement) under Cap 1 are in Table 2. Table 2 – Estimated Commonwealth maximum and minimum financial contribution under Cap 1 NSW VIC QLD SA WA TAS NT ACT $m maximum (2024-2028) 3,068.88 2,563.18 2,029.22 677.74 1,063.19 213.15 94.70 176.67 $m minimum (2024-2028) 2,758.47 2,303.93 1,823.98 609.19 955.65 191.59 85.12 158.80 Note funding is current as at date of Commonwealth signature. Funding has been rounded to the nearest ten thousand and is subject to change based on updates to economic parameters and population estimates as part of the Commonwealth Budget update process. The economic parameter applied to the indexation of flexible funding will be the sum of: 85 per cent Wage Cost Index 1 (comprising wage price index [less a productivity adjustment based on long-run assumptions] weighted by 75 per cent, and all groups CPI weighted by 25 per cent); and 15 per cent Wage Cost Index 6 (comprising wage price index [less a productivity adjustment based on long-run assumptions] weighted by 40 per cent, and all groups CPI weighted by 60 per cent). Subject to Clause A54, a...
Flexible Funding. 4.1 ABORIGINAL FIREFIGHTERS OF CANADA may only expend Flexible Funding:
Flexible Funding. 4.1 The Council may only expend Flexible Funding:
Flexible Funding. This portion of the budget shall specify the flexible funding to be provided by RIDOH on an annual basis for the term of the contract. In previous contracts, RIDOH has included additional dollars to First Connections providers, in addition to reimbursing non‐Medicaid visits, for certain specified activities such as outreach, staffing, training, interpreting, and safe sleep initiatives. This procurement seeks to include flexible funding for RIDOH‐approved categories as allocated by offerors in their cost proposals (see Appendix I, Part 2). The Department shall reimburse only those costs demonstrated to be allowable. To be allowable, a reimbursed cost must be allocable to work performed under the contract, and must be reasonable in nature, subject to approval from RIDOH. The successful vendor will invoice the Department for flexible funding on a cost reimbursement basis. Additional funding is pending at this point in time; if funding becomes available after the execution of the contract, it will be disbursed to all awardees. If the financial plan is not acceptable, RIDOH reserves the right to request a revised financial plan. For the purpose of this solicitation, and for any and all contracts awarded in accordance with this solicitation, the total funding will be established by RIDOH. Note that vendors will be compensated only based on visits at the established rate–these total amounts do not represent guaranteed referral volumes or funding amounts. Should additional funding become available to expand the scope of services implemented through First Connections, providers would be expected to expand their flexible funding accordingly. Plans and funding for these opportunities will need prior approval by RIDOH.
Flexible Funding. 6.1 [/:Name] may only expend Flexible Funding:
