OVERSPENDS AND UNDERSPENDS. If an overspend is identified the following approach will be taken: • Seek to cover the overspend from areas of underspend identified within either pool; • Utilise the risk pool funding; • Reduce uncommitted scheme allocations; • Cover from resources outside the pool. If an underspend is identified the following approach will be taken: • Underspends remain within the pooled arrangement to support overspends elsewhere in the pool; • Further joint schemes to be proposed in year which can utilise the resources in year. • Underspends may be carried forward to meet ongoing financial pressures subject to each organisation’s own governance arrangements. Allocation of funding will be subject to agreement of the pooled fund partners as part of the BCF governance. In all of these scenarios the BCF Executive Group is the forum where decisions would be made.
OVERSPENDS AND UNDERSPENDS. 9.1 Without prejudice to clause 17.2.2, the Partners agree that any deficit or surplus will be dealt with in the manner set out in the Financial Protocol in Schedule 5 or as agreed by the Partnership Board.
OVERSPENDS AND UNDERSPENDS. 10.1 The Trust shall use all reasonable endeavours to arrange for the discharge of the Authority Health-Related Functions and the NHS Functions within the Financial Contributions available in each Financial Year.
OVERSPENDS AND UNDERSPENDS. 11.1 Where in the course of a Financial Year it appears that an overspend of any Individual Service Budget is likely at the end of the said Financial Year and the Partners have recognised that overspend, the Joint Executive Team will manage the Individual Service Budget by, in sequential order:
OVERSPENDS AND UNDERSPENDS. 10.1 The NHS Body shall use its best endeavours to arrange for the discharge of the Authority Health and Social Care Related Functions and provision of the Services within the Authority’s Financial Contribution available in each Financial Year.
OVERSPENDS AND UNDERSPENDS. 1. The Lead shall make the other Party aware of any potential overspend as soon as it becomes aware of this possibility. The Lead will highlight reasons for the overspend, both current and projected, and make recommendations for action to bring the relevant Contributions, as appropriate, back to balance. The [Council]/[CCG] will act in good faith and in a reasonable manner in agreeing the management of the overspend.
OVERSPENDS AND UNDERSPENDS. 7.14 If in relation to a Pooled Fund, the Pool Manager forecasts changes in the total level of agreed planned expenditure of the Pooled Fund in question during any financial year, then the Pool Manager shall report such forecasted changes to the Health and Wellbeing Board and the other Partners as soon as possible and in any event within fourteen (14) days of the forecast being made.
OVERSPENDS AND UNDERSPENDS. 9.1 Stockton shall use all reasonable endeavours to arrange for the discharge of Stockton’s own Adoption Functions and the Adoption Functions within the Financial Contributions available in each Financial Year.
OVERSPENDS AND UNDERSPENDS. 1. The Host Partner shall make the other Partners aware of any actual or forecast variances of spend against the Pooled Fund or financial risks as soon as it becomes aware of this possibility. The Host Partner will highlight reasons for the variance both current and projected, and make recommendations for action to bring the over-spend into alignment with the budget.
OVERSPENDS AND UNDERSPENDS. The Trust shall use all reasonable endeavours to arrange for the discharge of the Authority Health-Related Functions and the NHS Functions within the Financial Contributions available in each Financial Year. Without prejudice to the provisions of schedule 3 the Trust shall endeavour to manage any in-year overspends within its commissioning arrangements for the Services. The Trust shall make the Authority aware of any potential overspend as soon as it becomes aware of this possibility. The Trust will highlight reasons for the overspend, both current and projected, and make recommendations for action to bring the relevant Financial Contributions back to balance. The Trust shall make the Authority aware of any potential underspend in relation to Financial Contributions, prior to the end of the Financial Year. The Trust shall highlight reasons for the underspend and identify any part of that underspend which is already contractually committed. Any overspend or underspend at the end of the Financial Year shall be dealt with in accordance with Schedule 3 herein. CAPITAL EXPENDITURE The Financial Contributions shall be directed exclusively to revenue expenditure. Any arrangements for the sharing of capital expenditure shall be made separately and in accordance with section 256 (or section 76) of the NHS Xxx 0000. SET UP COSTS Each Partner shall bear its own costs of the establishment of the Partnership Arrangements under this Agreement.
