Budgets and Resources. 8.1 The partners acknowledge that the Group is not a separate legal identity and that its successful operation is dependent upon the continued co-operation and provision of budgets by individual partners to fund its work. The budget and resources available to the Group shall be targeted in accordance with the Group’s agreed objectives and priorities.
8.2 Each statutory partner confirms it is committed to providing resources to enable the Group to further its objectives, where they are consistent with the individual partners’ objectives and priorities.
8.3 The agreed level of contribution from each of the partner organisations will be made known prior to 31 March for the following financial year. The agreed level of contribution and any subsequent amendments shall be authorised by the Chief Executive officer (or equivalent) of the partner organisation making the contribution.
8.4 The level of contribution shall be conditional upon the continued financial viability of the partner organisations, who shall reserve the right, following reasonable consultation, to reduce or increase the sums available as appropriate. Specifically the partner organisations may transfer within their financial regulations fortuitous or planned savings against budgetary pressures elsewhere or inject additional funding to meet specific cost pressures at their discretion.
8.5 Each year the Group shall provide to the partners reports on the working of the Group, as, and in the form, required by the partners.
8.6 In the event that any partner is not satisfied that the accounts are in accordance with budgets the relevant partner may request a meeting with the other partners in the Group with a view to resolving any differences, all parties acting in good faith.
Budgets and Resources i. The OU and the Students Association will agree and operate a procedure for determining a Students Association budget that provides reasonable resources to enable it to carry out its plans and conduct its activities in an effective, efficient and economic manner.
ii. The procedure to be agreed for determination of a Students Association budget will include: • confirmation that the planned activities are within Association objects, have been properly arrived at within Association rules and are consistent with the plans set out in the Annual Report; • ensuring that the resources are sufficient to enable the Association to meet its formal obligations and any exceptional requirements that are agreed between the OU and the Association; • the procedure to be followed in the event that any variation in the budget is sought by either party; • a mechanism to be utilised for discussing and agreeing new services and other activities which may be initiated by either party;
iii. The OU will provide access to resources to the Association in kind or without charge to support their operational needs, for example, currently, payroll, office and meeting accommodation, telephone and IT systems, technical and some human resources support.
iv. The Students Association must satisfy the OU that it has in place appropriate and robust systems of financial management and control, including a regular forecast of income and expenditure.
v. The Students Association will have written procedures for allocating resources to its registered groups and affiliated societies that are seen to be fair and reasonable. The existence and availability of such procedures will be published on the Association website.
vi. The Council will approve each year the University’s overall budget, which will include the allocation to the Students Association determined in accordance with this clause.
Budgets and Resources. Confidentiality
Budgets and Resources. The partners acknowledge that the Partnership is not a separate legal identity and that its successful operation is dependent upon the continued co operation and provision of budgets by individual partners to fund the Partnership. The budget and resources of the Partnership shall be targeted in accordance with the Partnership’s objectives and priorities.
Budgets and Resources. 9.1 The partners acknowledge that the Partnership is not a separate legal identity and that its successful operation is dependent upon the continued co operation and provision of budgets by individual partners to fund the Partnership. The budget and resources of the Partnership shall be targeted in accordance with the Partnership’s objectives and priorities.
9.2 Each Statutory Partner shall confirm it is committed to providing resources to enable the Partnership to further its objectives, where they are consistent with the individual partners’ objectives and priorities.
9.3 The agreed level of contribution from each of the Statutory Partner organisations shall be made known prior to 31 March for the following financial year. The agreed level of contribution and any subsequent amendments shall be authorised by the Chief Executive Officer (or equivalent) of the partner organisation making the contribution.
9.4 The level of contribution shall be conditional upon the continued financial viability of the partner organisations who reserve the right, following reasonable consultation, to reduce or increase the sums available as appropriate. Specifically the partner organisations may transfer within their financial regulations fortuitous or planned savings against budgetary pressures elsewhere or inject additional funding to meet specific cost pressures at their discretion.
9.5 In the event that any partner is not satisfied that the accounts are in accordance with budgets the relevant partner may request a meeting with the other partners in the Partnership with a view to resolving any differences, all parties acting in good faith.
Budgets and Resources. The OU and the Students Association will agree and operate a procedure for determining a Students Association budget that provides reasonable resources to enable it to carry out its plans and conduct its activities in an effective, efficient and economic manner.
Budgets and Resources. The total financial resources for delivering the integrated service are shown in the tables below. All budgets remain with the individual partners.
