Common use of Finance arrangements Clause in Contracts

Finance arrangements. The general principles are agreed as: • The Council and NHS Highland recognise that they each have continuing financial governance responsibilities, and have agreed to establish Argyll and Bute Integration Joint Board as a “joint operation” as defined by IFRS 11. • The Council and NHS Highland will work together in the spirit of partnership, openness and transparency. • The Council and NHS Highland payments to Argyll and Bute Integration Joint Board derive from a process that recognises that both organisations have expenditure commitments that cannot be avoided in the short to medium term. The Council and NHS Highland will prepare and maintain a record of what those commitments are and provide this to Argyll and Bute Integration Joint Board. • Argyll and Bute Integration Joint Board will monitor its financial position and make arrangements for the provision of regular, timely, reliable and relevant financial information on its financial position which will be shared with the Council and NHS Highland. Argyll and Bute Integration Joint Board, the Council and NHS Highland will share financial information to ensure all parties have a full understanding of their current financial information and future financial challenges and funding streams. • The existing financial regulations of the Council and NHS Highland will apply to resources transferred to Argyll and Bute Integration Joint Board. Integration Scheme The Parties: The Argyll and Bute Council, established under the Local Government (Scotland) Act 1994 and having its principal offices at, Kilmory, Lochgilphead, Argyll, PA31 8RT (herein after referred to as “the Council”); And NHS Highland Health Board, established under section 2(1) of the National Health Service (Scotland) Act 1978 (operating as “Argyll and Bute CHP“) and having its principal offices at Assynt House, Beechwood Park, Inverness, IV2 3BW Aros, Lochgilphead, Argyll PA31 8LB] (hereinafter referred to as “NHS Highland”) (together referred to as “the Parties”).

Finance arrangements. The general principles are agreed as: • The Council and NHS Highland recognise that they each have continuing financial governance responsibilities, and have agreed to establish Argyll and Bute Integration Joint Board as a “joint operation” as defined by IFRS 11. • The Council and NHS Highland will work together in the spirit of partnership, openness and transparency. • The Council and NHS Highland payments to Argyll and Bute Integration Joint Board derive from a process that recognises that both organisations have expenditure commitments that cannot be avoided in the short to medium term. The Council and NHS Highland will prepare and maintain a record of what those commitments are and provide this to Argyll and Bute Integration Joint Board. • Argyll and Bute Integration Joint Board will monitor its financial position and make arrangements for the provision of regular, timely, reliable and relevant financial information on its financial position which will be shared with the Council and NHS Highland. Argyll and Bute Integration Joint Board, the Council and NHS Highland will share financial information to ensure all parties have a full understanding of their current financial information and future financial challenges and funding streams. • The •The existing financial regulations of the Council and NHS Highland will apply to resources transferred to Argyll and Bute Integration Joint Board. Integration Scheme The Parties: The Argyll and Bute Council, established under the Local Government (Scotland) Act 1994 and having its principal offices at, Kilmory, Lochgilphead, Argyll, PA31 8RT (herein after referred to as “the Council”); And NHS Highland Health Board, established under section 2(1) of the National Health Service (Scotland) Act 1978 (operating as “Argyll and Bute CHP“) and having its principal offices at Assynt House, Beechwood Park, Inverness, IV2 3BW Aros, Lochgilphead, Argyll PA31 8LB] (hereinafter referred to as “NHS Highland”) (together referred to as “the Parties”).

Finance arrangements. ‌ The general principles are agreed as: • The Council and NHS Highland recognise that they each have continuing financial governance responsibilities, and have agreed to establish the IJB Argyll and Bute Integration Joint Board as a “joint operation” as defined by IFRS 11. • The Council and NHS Highland will work together in the spirit of partnership, openness and transparency. • The Council and NHS Highland payments to the IJB Argyll and Bute Integration Joint Board derive from a process that recognises that both organisations have expenditure commitments that cannot be avoided in the short to medium term. The Council and NHS Highland will prepare and maintain a record of what those commitments are and provide this to the IJB Argyll and Bute Integration Joint Board. • The IJB Argyll and Bute Integration Joint Board will monitor its financial position and make arrangements for the provision of regular, timely, reliable and relevant financial information on its financial position which will be shared with the Council and NHS Highland. Argyll The IJBArgyll and Bute Integration Joint Board, the Council and NHS Highland will share financial information to ensure all parties have a full understanding of their current financial information and future financial challenges and funding streams. • The existing financial regulations of the Council and NHS Highland will apply to resources transferred to Argyll the IJBArgyll and Bute Integration Joint Board. Integration Scheme The Parties: The Argyll and Bute Council, established under the Local Government (Scotland) Act 1994 and having its principal offices at, Kilmory, Lochgilphead, Argyll, PA31 8RT (herein after referred to as “the Council”); And NHS Highland Health Board, established under section 2(1) of the National Health Service (Scotland) Act 1978 (operating as “Argyll and Bute CHP“) and having its principal offices at Assynt House, Beechwood Park, Inverness, IV2 3BW Aros, Lochgilphead, Argyll PA31 8LB] (hereinafter referred to as “NHS Highland”) (together referred to as “the Parties”).