Common use of Budget and Funding Clause in Contracts

Budget and Funding. 6.1 The Joint Committee will transfer funds to Cwm Taf Morgannwg UHB on a quarterly basis in advance to allow Cwm Taf Morgannwg UHB to perform its functions on behalf of the Joint Committee, provided that the Joint Committee may attach conditions to the expenditure of such funds. 6.2 The Joint Committee will meet Cwm Taf Morgannwg UHB’s overhead costs reasonably incurred in the support of the Joint Committee as may be agreed by the Joint Committee acting reasonably at all times. 6.3 The Director of Finance for the Joint Committee will authorise the transfer of funds to Cwm Taf Morgannwg UHB in line with agreed funding levels, which funds shall be accounted for by Cwm Taf Morgannwg UHB as income to the Joint Committee. 6.4 Cwm Taf Morgannwg UHB will set up and manage an Income and Expenditure Account for the Joint Committee, namely a Joint Committee Account. This includes all the income for the Joint Committee received from the LHBs and all other Joint Committee expenditure. This account shall be separate from all other Cwm Taf Morgannwg UHB funds. The Director of Finance for the Joint Committee shall make decisions relating to expenditure from this account provided that Cwm Taf Morgannwg UHB shall not at any time be obligated to operate the Joint Committee Account in deficit. 6.5 The Director of Finance for the Joint Committee is responsible for ensuring that all relevant reports, financial information and commentary are provided to the Host LHB so that the appropriate monitoring return can be prepared.

Budget and Funding. 6.1 The Joint Committee will transfer funds to Cwm TafCwm Taf Morgannwg UHB on a quarterly basis in advance to allow Cwm TafCwm Taf Morgannwg UHB to perform its functions on behalf of the Joint Committee, provided that the Joint Committee may attach conditions to the expenditure of such funds. 6.2 The Joint Committee will meet Cwm TafCwm Taf Morgannwg UHBMorgannwg’s overhead costs reasonably incurred in the support of the Joint Committee as may be agreed by the Joint Committee acting reasonably at all times. 6.3 The Director of Finance for Specialised and Tertiary Servicesthe Welsh Health Specialised Services Committee and for the Joint Emergency Ambulance Services Committee will authorise the transfer of funds to Cwm TafCwm Taf Morgannwg UHB in line with agreed funding levels, which funds shall be accounted for by Cwm TafCwm Taf Morgannwg UHB as income to the Joint Committee. 6.4 Cwm TafCwm Taf Morgannwg UHB will set up and manage an Income and Expenditure Account for the Joint Committee, namely a Joint Committee Account. This includes all the income for the Joint Committee received from the LHBs and all other Joint Committee expenditure. This account shall be separate from all other Cwm TafCwm Taf Morgannwg UHB funds. The Director of Finance for the Joint Welsh Health Specialised Services Committee and for the Emergency Ambulance Services Committee for Specialised and Tertiary Services shall make decisions relating to expenditure from this account provided that Cwm TafCwm Taf Morgannwg UHB shall not at any time be obligated to operate the Joint Committee Account in deficit. 6.5 The Director of Finance for the Joint Welsh Health Specialised Services Committee and for the Emergency Ambulance Services Committee Specialised and Tertiary Services is responsible for ensuring that all relevant reports, financial information and commentary are provided to the Host LHB so that the appropriate monitoring return can be prepared.