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
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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.
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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.
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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.
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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.
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Pooled Budget. A single pooled budget will be created by the partners on the date this agreement comes into force.
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Related to Pooled Budget

  • Approved Budget (a) On the last Thursday of each month after the Second Amendment Effective Time, on or before 12:00 pm (New York City time) on such Thursday, Administrative Borrower shall prepare and deliver to the Administrative Agent, for review and approval by the Required DDTL Approving Lenders, an updated week-by-week operating budget for the then subsequent month (each a “Budget” and, once approved as set forth below, the “Approved Budget”), which shall reflect Administrative Borrower’s good faith projection, for the Borrowers and their respective Restricted Subsidiaries, of (a) all weekly receipts (including from asset sales) and expenditures (including ordinary course operating expenses and any other fees and expenses related to the Loan Documents) in connection with the operation of their businesses, (b) weekly disbursements, and (c) net cash flow, in each case, for such month. The Budget delivered during the week of March 4, 2024 shall be the Approved Budget for March 2024. Together with delivery of the Budget, Administrative Borrower shall provide the Administrative Agent (for subsequent delivery to the Lenders) a variance report (“Variance Report”) in a form and substance reasonably acceptable to the Required DDTL Approving Lenders, comparing the actual receipts, disbursements, and net cash flow for such month through the immediately preceding week compared to the Approved Budget, both in dollar ($) and percentage (%) figures and an explanation of the variance. Each week promptly after the delivery of the Variance Report, the Borrower’s senior management and financial professionals shall review the Variance Report in detail during a telephonic conference with the Lenders. If the proposed Budget was timely delivered and contains the requisite information, the Lenders shall have until 2:00 p.m. (New York City Time) on the first Business Day of the following week to review any Budget after which time such Budget shall become an Approved Budget for all purposes hereunder; provided, no such Budget shall become an Approved Budget if reasonably objected to in writing (which may include e-mail) during the review period by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) or Required DDTL Approving Lenders. (b) In the event that an event or circumstance occurs in between the monthly dates on which the Budgets are otherwise due pursuant to Section 6.24(a) which would make the then current Budget materially inaccurate, within two (2) Business Days of becoming aware of such event or circumstance, the Administrative Borrower shall provide notice of such event or circumstance to the Administrative Agent and the Lenders and promptly deliver a revised Budget reflecting the impact thereof. Without limiting the foregoing, the Budget shall be updated, modified or supplemented by the Administrative Borrower with the written consent of the Administrative Agent (at the direction of the Required DDTL Approving Lenders), and upon the request of the Administrative Agent (at the direction of the Required DDTL Approving Lenders) from time to time. (c) Each Budget delivered to the Administrative Agent and the Lenders shall be accompanied by such supporting documentation as reasonably requested by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) and shall be prepared in good faith, with due care and based upon assumptions the Borrower believe to be reasonable. (d) Within one (1) Business Day of any Loan Party having knowledge of their occurrence or existence, Administrative Borrower shall provide the Administrative Agent and Lenders with written notice of any event or condition which is reasonably likely to entail expenditures of more than $100,000 which is not included in the Approved Budget (including, but not limited, on account of an accident, environmental event or other unanticipated occurrence) or which would otherwise be reasonably likely to have a negative impact on the value of the Loan Parties’ and their Subsidiaries’ assets or future business prospects or a similar event.

  • Budget 1. The Grantee budget for grant activities for the 2022 Summer Program and State fiscal year 2023 is $657,837.15. Any funds received under this grant will not be used to supplant funds normally budgeted for programs or service of the same or similar type. 2. The Grantee may transfer funds among its administrative budget line items as required to carry out the purposes of the grant. Transfer of funds within specified budget categories do not require approval from OSHE (i.e. moving funds from one counselor position to pay for another), however, any transfer of funds from one category to another will require prior approval from OSHE and will be treated as a modification to the program’s contract Attachment. 3. Any request for a budget modification must be in writing and must include a revised budget. All budget revisions and modifications must be in accordance with the EOF Regulations, Section N.J.A.C. 9A:11-6.11. The Grantee will be liable for all unapproved debts.

  • Business Plan and Budget To the extent requested by any Initial Lender, as soon as available, but in any event within thirty (30) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form satisfactory to such Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a monthly basis for the immediately following fiscal year. As to any information contained in materials filed with the SEC or furnished pursuant to Section 6.2(f), the Borrower shall not be separately required to furnish such information under Section 6.1(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.1(a) and (b) above at the times specified therein.