POOLED FUND MANAGEMENT. 8.1 The Parties hereby agree that the Host Partner shall appoint an officer to act as the Pooled Fund Manager for the purposes of Regulation 7(4) of the Regulations, subject to the consent of the other Party (such consent not to be unreasonably withheld). 8.2 The Pooled Fund Manager shall have the following duties and responsibilities: 8.2.1 the day to day operation and management of the Pooled Fund; 8.2.2 preparing and submitting to the Integrated Commissioning Board bi-monthly reports (or more frequent reports if required by the Integrated Commissioning Board) and an annual return about the income and expenditure from the Pooled Fund together with such other information as may be required by the Parties and the Integrated Commissioning Board to monitor the effectiveness of the Pooled Fund and to enable the Parties to complete their own financial accounts and returns; and 8.2.3 compliance with the obligations set out in the Financial Framework. 8.3 Pursuant to this Agreement, the Parties agree to establishing a Finance Economy Group and a Task and Finish Group, with the composition and responsibilities of such groups further specified in the Financial Framework. 8.4 In carrying out the responsibilities under Clause 8.2 the Pooled Fund Manager shall be accountable to the Parties and have regard to the recommendations of the Finance Economy Group, the Task and Finish Group, and the Integrated Commissioning Board. Furthermore, the Pooled Fund Manager must comply with the Financial Framework and the Information Framework. 8.5 Both Parties acknowledge the importance of ensuring that there is sufficient financial management support for the Integrated Commissioning Fund, and the Chief Financial Officer (or equivalent) of each Party shall be responsible for ensuring this support. 8.6 The Integrated Commissioning Board may agree to the viring of funds within the Pooled Fund (subject to any specific requirements of the Financial Framework).
Appears in 3 contracts
Sources: Framework Section 75 Agreement, Framework Section 75 Agreement, Framework Section 75 Agreement
POOLED FUND MANAGEMENT. 8.1 The Parties hereby agree that When introducing a Pooled Fund in respect of an Individual Scheme, the Partners shall agree:
8.1.1 which of the Partners shall act as Host Partner for the purposes of Regulations 7(4) and 7(5) and shall provide the financial administrative systems for the Pooled Fund;
8.1.2 which officer of the Host Partner shall appoint an officer to act as the Pooled Fund Manager for the purposes of Regulation 7(4) of the Regulations, subject to the consent of the other Party (such consent not to be unreasonably withheld).
8.2 The Pooled Fund Manager in respect of each Individual Scheme where there is a Pooled Fund shall have the following duties and responsibilities:
8.2.1 the day to day operation and management of the Pooled Fund;
8.2.2 ensuring that all expenditure from the Pooled Fund is in accordance with the provisions of this Agreement and the relevant Scheme Specification;
8.2.3 maintaining an overview of all joint financial issues affecting the Partners in relation to the Services and the Pooled Fund;
8.2.4 ensuring that full and proper records for accounting purposes are kept in respect of the Pooled Fund;
8.2.5 reporting to the Integrated Commissioning Executive as required by the Integrated Commissioning Executive and the relevant Scheme Specification;
8.2.6 ensuring action is taken to manage any projected under or overspends relating to the Scheme Specifications in accordance with this Agreement;
8.2.7 preparing and submitting to the Integrated Commissioning Board bi-monthly Executive Quarterly reports (or more frequent reports if required by the Integrated Commissioning BoardExecutive) and an annual return about the income and expenditure from the Pooled Fund together with such other information as may be required by the Parties Partners and the Integrated Commissioning Board Executive to monitor the effectiveness of the Pooled Fund and to enable the Parties Partners to complete their own financial accounts and returns; and. The Partners agree to provide all necessary information to the Pooled Fund Manager in time for the reporting requirements to be met.
8.2.3 compliance with 8.2.8 preparing and submitting reports to the obligations set out in the Financial FrameworkHealth and Wellbeing Board as required by it.
8.3 Pursuant to this Agreement, the Parties agree to establishing a Finance Economy Group and a Task and Finish Group, with the composition and responsibilities of such groups further specified in the Financial Framework.
8.4 In carrying out the their responsibilities as provided under Clause 8.2 [8.2] the Pooled Fund Manager shall be accountable to the Parties and have regard to the recommendations of the Finance Economy Group, the Task and Finish Group, and the Integrated Commissioning Board. Furthermore, Executive and shall be accountable to the Pooled Fund Manager must comply with the Financial Framework and the Information FrameworkPartners.
8.5 Both Parties acknowledge the importance of ensuring that there is sufficient financial management support for the Integrated Commissioning Fund, and the Chief Financial Officer (or equivalent) of each Party shall be responsible for ensuring this support.
8.6 8.4 The Integrated Commissioning Board Executive may agree to the viring virement of funds within the Pooled Fund (subject to any specific requirements of the Financial Framework)between Individual Schemes.
Appears in 3 contracts
Sources: Framework Partnership Agreement, Framework Partnership Agreement, Framework Partnership Agreement
POOLED FUND MANAGEMENT. 8.1 The Parties hereby agree that 9.1 When introducing a Pooled Fund in respect of an Individual Scheme, the Partners shall agree:
9.1.1 which of the Partners shall act as Host Partner for the purposes of Regulations 7(4) and 7(5) and shall provide the financial administrative systems for the Pooled Fund;
9.1.2 which officer, including Section 113 Officers, of the Host Partner shall appoint an officer to act as the Pooled Fund Manager for the purposes of Regulation 7(4) of the Regulations, subject to the consent of the other Party (such consent not to be unreasonably withheld).
8.2 9.2 The Pooled Fund Manager in respect of each Individual Scheme where there is a Pooled Fund shall have the following duties and responsibilities:
8.2.1 9.2.1 the day to day operation and management of the Pooled Fund;
8.2.2 9.2.2 ensuring that all expenditure from the Pooled Budget is in accordance with the provisions of this Agreement and the relevant Scheme Specification;
9.2.3 maintaining an overview of all joint financial issues affecting the Partners in relation to the Services and the Pooled Fund;
9.2.4 ensuring that full and proper records for accounting purposes are kept in respect of the Pooled Fund;
9.2.5 reporting to the Commissioning Partnership Board as required by the Commissioning Partnership Board;
9.2.6 ensuring action is taken to manage any projected Underspend or Overspend relating to the Pooled Fund in accordance with this Agreement and as set out in the Scheme Specification;
9.2.7 preparing and submitting to the Integrated Commissioning Partnership Board bi-monthly Monthly reports (or more frequent reports if with such different frequency as required by the Integrated Commissioning BoardPartnership Board but no less than Quarterly) and an annual return about the income and expenditure from the Pooled Fund together with such other information as may be required by the Parties Partners and the Integrated Commissioning Partnership Board to monitor the effectiveness of the Pooled Fund and to enable the Parties Partners to complete their own financial accounts and returns; and
8.2.3 compliance with the obligations set out in the Financial Framework.
8.3 Pursuant to this Agreement, the Parties . The Partners agree to establishing a Finance Economy Group and a Task and Finish Group, with the composition and responsibilities of such groups further specified in the Financial Framework.
8.4 In carrying out the responsibilities under Clause 8.2 provide all necessary information to the Pooled Fund Manager shall be accountable to the Parties and have regard to the recommendations of the Finance Economy Group, the Task and Finish Group, and the Integrated Commissioning Board. Furthermore, the Pooled Fund Manager must comply with the Financial Framework and the Information Framework.
8.5 Both Parties acknowledge the importance of ensuring that there is sufficient financial management support in time for the Integrated Commissioning Fund, and the Chief Financial Officer (or equivalent) of each Party shall reporting requirements to be responsible for ensuring this support.
8.6 The Integrated Commissioning Board may agree to the viring of funds within the Pooled Fund (subject to any specific requirements of the Financial Framework).met; and
Appears in 2 contracts
Sources: Partnership Agreement, Partnership Agreement
POOLED FUND MANAGEMENT. 8.1 The Parties hereby agree that the Host Partner shall appoint an officer to act as the Pooled Fund Manager for the purposes of Regulation 7(4) of the Regulations, subject to the consent of the other Party (such consent not to be unreasonably withheld).
8.2 The Pooled Fund Manager in respect of the Pooled Fund shall have the following duties and responsibilities:
8.2.1 8.1.1 the day to day operation and management of the Pooled Fund;
8.2.2 8.1.2 ensuring that all income and expenditure from the Pooled Fund is in accordance with the provisions of this Agreement and the relevant Areas of Provision;
8.1.3 maintaining an overview of all joint financial issues affecting the Partners in relation to the Services and the Pooled Fund;
8.1.4 ensuring that full and proper records for accounting purposes are kept in respect of the Pooled Fund;
8.1.5 reporting to the Integrated Commissioning Board as required by the Integrated Commissioning Board;
8.1.6 ensuring action is taken to manage any projected under or overspends relating to the Pooled Fund in accordance with this Agreement;
8.1.7 preparing and submitting to the Integrated Commissioning Board bi-monthly reports (or more frequent reports if required by the Integrated Commissioning Board) and an annual return about the income and expenditure from the Pooled Fund together with such other information as may be required by the Parties Partners and the Integrated Commissioning Board to monitor the effectiveness of the Pooled Fund and to enable the Parties Partners to complete their own financial accounts and returns; and
8.2.3 compliance with . The Partners agree to provide all necessary information to the obligations set out Pooled Fund Manager in time for the Financial Frameworkreporting requirements to be met.
8.3 Pursuant 8.1.8 preparing and submitting reports to this Agreement, the Parties agree to establishing a Finance Economy Group Health and a Task and Finish Group, with the composition and responsibilities of such groups further specified in the Financial FrameworkWellbeing Board as required by it.
8.4 8.2 In carrying out the their responsibilities as provided under Clause 8.2 8.1 the Pooled Fund Manager shall be accountable to the Parties and have regard to the recommendations of the Finance Economy Group, the Task and Finish Group, and the Integrated Commissioning Board. Furthermore, Board and shall be accountable to the Pooled Fund Manager must comply with the Financial Framework and the Information FrameworkPartners.
8.5 Both Parties acknowledge the importance of ensuring that there is sufficient financial management support for the Integrated Commissioning Fund, and the Chief Financial Officer (or equivalent) of each Party shall be responsible for ensuring this support.
8.6 8.3 The Integrated Commissioning Board may agree to the viring of funds within the Pooled Fund (subject to any specific requirements of the Financial Framework).Fund
Appears in 1 contract
Sources: Framework Partnership Agreement