FINANCIAL AND RESOURCING ARRANGEMENTS. 3.1 The Council agrees to make provision within its revenue budget for the payment of a grant of £17,700 to the CVS for the financial year 2005/06. Funding post year one (as per 1.2) may be subject to:-
(a) Each annual budget setting process;
(b) Appropriate inflationary increases in the second and third of these years; and
(c) A satisfactory annual review
3.2 Service developments and additional services over and above those supported by the core funding and described in Part 2 of this agreement can be considered for additional funding by the Council on the understanding that the Council can offer no commitment to fund. If the Council does fund these developments or additions in any one-year, such funding will not affect the core funding arrangements and shall not be taken into account when calculating the core funding grants in the succeeding year.
3.3 The core funding grants awarded to the CVS under this agreement will be paid in two equal instalments, subject to full compliance with the terms of Part 4 of this agreement by the CVS, by 6 April and 6 October of each year. There will be no need for the CVS to invoice or otherwise apply for the payments.
3.4 The CVS agrees to submit, to the Council in each year of this agreement, a copy of its audited accounts.
3.5 Where the CVS gains a surplus of income from grants, fundraising or other sources in any one year, the Council will not seek repayment of any part of the grant. The CVS will maintain a level of reserves appropriate to meet its financial responsibilities.
3.6 The CVS agrees to provide on request, details of funding received from other bodies and the purpose for which it is provided.
FINANCIAL AND RESOURCING ARRANGEMENTS. 3.1 The Council has agreed that the annual grant of £35,000 will be paid in two instalments each year – June and December on receipt of invoices submitted by CALW to the Council’s Representative.
3.2 The CALW will also have the use of up to two units at Fleetwood Market, this equates to approximately £18,000 a year.
3.3 No additional amounts (including annual inflationary uplift) will be made to the amount given in 3.1 for the year and subsequent years. The effect of this will be monitored and reviewed on an annual basis.
3.4 This grant shall be construed as being sufficient to fund those core services referred to in Part 2 of this Agreement, and for the purposes of this Agreement are deemed to be CALW’s ‘core funding’
3.5 CALW agrees to submit, to the Council as part of this Agreement, a copy of its approved accounts, within the meaning of the Charities Act 1992 and 1993.
FINANCIAL AND RESOURCING ARRANGEMENTS. 3.1 The Council agrees to make provision within its revenue budget for the payment of a grant to the Xxxxx for the financial year 2008/09 subject to:-
a) An agreed and signed SLA
b) Payment of the grant will be given every quarter in advance, based on submission of a satisfactory report and a invoice
c) LCC will expect that external funding will be sought For the financial year beginning April 2008, the Council has agreed that the grant to be paid to the Xxxxx shall be £151,800 (£37,950 per quarter), for such items as:
a) Staffing
b) Equipment
c) Materials
d) Marketing and promotion
FINANCIAL AND RESOURCING ARRANGEMENTS. 3.1 Blaby District Council has agreed that the grants to be paid to the bureau are as follows: 2009/10 **2010/11 **2011/12 **2012/13 **2013/14 Blaby DC Total funding per annum £58,128 £59,872 £61,668 £63,518 £65,423 *Grant for 2008/09 £56,435
3.2 In calculating the grants for the second and subsequent years covered by this agreement, the only adjustments which will made to the amount given in 3.1 are:
a) An increase for inflation (** figures for 2010-2014 are provided in 3.1 as indica- tive and include inflation proposed to be based on the inflationary index calcu- lated each year).
b) any reasonable changes (to be agreed by both parties in writing) in the bureau’s outgoings due to any contractual arrangements as may exist, for example, for lease agreements and staff contracts; and
c) any changes made as a result of an amendment to the specified service (after an annual review under 1.15c).
3.3 Together with the funds from Leicestershire County Council, these grants shall be construed as being sufficient to fund those core services referred to in Part 2 of this agreement, and for the purposes of this agreement are deemed to be the bureau’s ‘core funding’.
3.4 Service developments and additional services over and above those supported by the core funding and described in Part 2 of this agreement, can be considered for additional funding by the Council on the understanding that the Council can offer no commitment to fund. If the Council do fund these developments or additions in any one year, such funding will not affect the core funding arrangements and shall not be taken into account when calculating the core funding grants in the succeeding year.
3.5 All payments to be made under this agreement are exclusive of VAT. In the event of the bureau becoming liable for VAT during the period of the operation of this agreement, the council will enter into discussions with the bureau with the aim of reaching a mutually acceptable outcome.
3.6 The core funding grants awarded to the bureau under this agreement will be paid in two instalments, subject to full compliance with the terms of Part 4 of this agreement by the bureau, by 01 April and 01 October of each year, following an invoice from the Bureau.
3.7 The bureau agrees to submit, to the council in each year of this agreement, a copy of its approved accounts, within the meaning of the Charities Act, 1992 and 1993 and SORP 2005.
3.8 Any change to the core funding provided by Blaby District Council, Harborough Dis...
FINANCIAL AND RESOURCING ARRANGEMENTS. 3.1 The Council has agreed that the grant will be paid in two instalments each year – April and October on receipt of invoices submitted by the Bureau to the Council’s representative.
3.2 No additional amounts (including annual inflationary uplift) will be made to the amount given in 3.1 for this year and subsequent years. The effect of this will be monitored and reviewed on an annual basis.
3.3 This grant shall be construed as being sufficient to fund those core services referred to Part 2 of this agreement, and for the purposes of this agreement are deemed to be the bureau’s ‘core funding’.
3.4 The Bureau agrees to submit, to the Council as part of this agreement, a copy of its approved accounts, within the meaning of the Charities Act 1992 and 1993.
