Pooled Budget Clause Samples
A pooled budget clause establishes a single, shared fund contributed to by multiple parties for the purpose of covering specified costs or expenses under an agreement. In practice, each party may contribute a predetermined amount or percentage, and the pooled funds are then used to pay for joint activities, such as project expenses, marketing campaigns, or shared resources. This clause ensures that all parties have a clear understanding of their financial obligations and facilitates efficient management of collective expenditures, thereby reducing disputes over individual payments and promoting transparency.
Pooled Budget. The Delivery Chain
Pooled Budget. The opening cash limit budget contribution from the Council for 2018/19 into the pooled budget is £83.251m. This encompasses in its entirety; Adult Social Care, Public Health and Health Policy services. Discussions are being held with regards to the ongoing inclusion of the Children’s elements of the Public Health budget. It is envisaged that the opening total contribution into the pooled budget for 2018/19 inclusive of the Stockport CCG contribution will remain at circa £200m.
Pooled Budget. 4.1 The pooled budget will be determined at outturn prices for the budget year. The budget will normally be calculated as the original budget for the previous year, together with any previously agreed changes where these are recurrent, together with any agreed inflationary uplift for the budget year as provided by the Partners under section 2 above, together with any specific new service developments for the budget year, agreed by the Partners.
4.2 Virement within the budget can be exercised with the agreement of the Joint Officer Group.
Pooled Budget. 4.1 Each party shall contribute annually to the Pooled Budget. The agreed amount for 2023/2024 only is as set out in Schedule 2. In future years, the amount will be reviewed and changed annually.
4.2 Six months prior to the end of each financial year, the finance group will publish the overhead costs that are to be used as the basis for calculating all overhead contributions to be made by each partner in the next financial year. In the event that these future contribution cannot be agreed the provisions of clause 15 shall apply.
4.3 Six Months prior the end of each financial year, the finance group will agree the usage percentages of the service by each party. A rolling three year average will be used to determine each parties contributions towards the overheads of the Service as set out in Schedule 2. This meeting will also agree the costs (overheads) to be applied in the next financial year.
4.4 On an annual basis, each parties contributions to the community equipment purchases will be reviewed. The review will be undertaken by the Operational group who will be provided with reports on equipment purchased, activity levels etc. The operational group will then determine the level of contribution to be made by each service towards the community equipment purchases budget. These suggested contributions will be ratified by the finance group
4.5 The Pooled Budget will be held by Cardiff Council and will be subject to the auditing and financial controls of Cardiff Council.
Pooled Budget. 1.1 The partners will operate the pooled budget over a financial year defined as 1st April to 31st March inclusive. The Agreement will commence on April 1st 2004 and the pooled budget will be effective from that date. The originating pooled budget for the period 1st April 2004 to 31st March 2005 will be as follows: £ Salford City Council Contribution 1, 290, 210 Salford Primary Care Trust Contribution 1, 223, 150
1.2 The PCT will forward the contributions quarterly in advance on the first working day of each quarter, commencing with April 2004. Any interest earned by the City Council on these monies will be reinvested in the service.
Pooled Budget. A single pooled budget will be created by the partners on the date this agreement comes into force.