Common use of Pooled Fund Manager Clause in Contracts

Pooled Fund Manager. 4.1 The Authority shall appoint a Pooled Fund Manager, who shall be responsible for: 4.1.1 managing the Pooled Fund on behalf of the Partners; 4.1.2 managing expenditure from the Pooled Fund within the budgets set by the Partners and in accordance with the Annual Development Plan; 4.1.3 submitting quarterly financial management reports and an annual return to the Partners, to enable them to monitor the success of the Partnership Arrangements; 4.1.4 preparing at the year-end a memorandum of accounts within the Authority’s statement of accounts which shows: 4.1.5 On or before 30th June of each Financial Year, providing to the Lead Partner it’s memorandum of accounts for the previous Financial Year. 4.2 The Authority will retain records in relation to the Pooled Fund for at least six years. 4.3 The Pooled Fund Manager will authorise all payments from the Pooled Fund. 4.4 For the avoidance of doubt other than the Authority acting in accordance with this Agreement, no person shall be entitled to enter into any contract with any third party in respect of expenditure from the Pooled Fund save with the agreement of the Partnership Board. 4.5 In accordance with Regulation 4(2) of the NHS Regulations 2000, the Partners have carried out a joint consultation on the proposed Partnership Arrangements with Service Users, and other individuals and groups who appear to them to be affected by the Partnership Arrangements. 4.6 Nothing in this Agreement shall prejudice or affect: 4.6.1 the rights and powers, duties and obligations of the Partners in the exercise of their functions as public bodies or in any other capacity; 4.6.2 the powers of the Authority to set, administer and collect charges for any Authority Health-Related Function; or 4.6.3 the Authority's power to determine and apply eligibility criteria for the purposes of assessment under the Care ▇▇▇ ▇▇▇▇. 4.7 The Partners agree that each has consulted as required under the NHS Regulations 2000and otherwise confirm and acknowledge that each of them has the legal power and authority to enter into this Agreement.