Common use of Lead Authority Clause in Contracts

Lead Authority. 9.1. Cumbria County Council will act as the Lead Authority for the Cumbria Business Rate Pool. 9.2. The responsibilities of the Lead Authority are: With reference to Schedule 1 to make payments on behalf of the Pool to central government and Pool Members on time and in accordance with the schedule of payments; To liaise with and complete all formal Pool returns to central government on behalf of Pool Members; To keep Pool Members informed of all communications with central government, To manage the resources of the Pool in accordance with this Agreement; To prepare quarterly monitoring reports and consolidate intelligence on future resource levels on behalf of the Pool; To prepare the annual report of the Pool’s activity; To co-ordinate the annual review and refresh of the Pool’s governance arrangements and the methodology for the allocation of resources; To secure the completion of any legal agreements, accounting and audit arrangements required to support the operation of the Pool; With reference to Schedule 1 to consult on and administer the schedule of payments between Pool Members in respect of all financial transactions that form part of the Pool’s resources; With reference to Schedule 1to lead on the timely provision of the information required by Pool Members, in preparing their annual Statement of Accounts in relation to the activities and resources of the Pool; and To administer the continuation or the dissolution of the Pool in future years. 9.3. To assist the Lead Authority in fulfilling this role, the responsibilities of individual Pool Members are: With reference to Schedule 1 to make payments to the Pool on time and in accordance with the schedule of payments; With reference to Schedule 1 to provide accurate, timely information to the Lead Authority to enable all formal Pool returns to central government to be completed; To inform the Lead Authority, as soon as is practical, of any intelligence that may impact on the resources of the Pool either in the current year or in future years; To provide such information as the Section 151 Officers agree is reasonable and necessary to monitor/forecast the Pool’s resources within the timescales agreed; To provide such information as the Section 151 Officers agree is reasonable and necessary on the use of the Pool’s resources for inclusion in the Pool’s annual report; and With reference to Schedule 1 to provide accurate and timely information on the end of year financial performance of the business rates collection fund to enable the Lead Authority to calculate the end of year accounting entries needed.

Lead Authority. 9.1. Cumbria County Council will act as the Lead Authority for the Cumbria Business Rate Pool. 9.2. The responsibilities of the Lead Authority are: With reference to Schedule 1 to • To make payments on behalf of the Pool to central government and Pool Members on time and in accordance with the schedule of payments; • To liaise with and complete all formal Pool returns to central government on behalf of Pool Members; • To keep Pool Members informed of all communications with central government, • To manage the resources of the Pool in accordance with this Agreement; • To prepare quarterly monitoring reports and consolidate intelligence on future resource levels on behalf of the Pool; • To prepare the annual report of the Pool’s activity; • To co-ordinate the annual review and refresh of the Pool’s governance arrangements and the methodology for the allocation of resources; To secure • Secure the completion of any legal agreements, accounting and audit arrangements required to support the operation of the Pool; With reference to Schedule 1 to • To consult on and administer the schedule of payments between Pool Members in respect of all financial transactions that form part of the Pool’s resources; With reference to Schedule 1to • To lead on the timely provision of the information required required, by Pool Members, in preparing their annual Statement of Accounts in relation to the activities and resources of the Pool; and • To administer the continuation or the dissolution of the Pool pool in future years. 9.3. To assist the Lead Authority in fulfilling this role, the responsibilities of individual Pool Members are: With reference to Schedule 1 to • To make payments to the Pool on time and in accordance with the schedule of payments; With reference to Schedule 1 to • To provide accurate, timely information to the Lead Authority to enable all formal Pool returns to central government to be completed; • To inform the Lead Authority, as soon as is practical, of any intelligence that may impact on of the resources of the Pool either in the current year or in future years; • To provide such information as the Section 151 Officers agree is reasonable and necessary to monitor/forecast the Pool’s resources within the timescales agreed; • To provide such information as the Section 151 Officers agree is reasonable and necessary on the use of the Pool’s resources for inclusion in the Pool’s annual report; and With reference to Schedule 1 to • To provide accurate and timely information on the end of year financial performance of the business rates collection fund to enable the Lead Authority to calculate the end of year accounting entries needed.