Financial context Sample Clauses
The 'Financial context' clause defines the financial framework and parameters relevant to the agreement or transaction. It typically outlines key financial terms, such as payment structures, funding sources, or economic assumptions that underpin the contract. By establishing a clear financial backdrop, this clause ensures that all parties have a shared understanding of the monetary aspects involved, thereby reducing the risk of misunderstandings or disputes related to financial matters.
Financial context. Funding arrangements for NHS and Adult Social Care (ASC) are under great pressure and although there has been welcome reform though the Care Act with the expectation of government funding to support these new costs, as well as one off contributions to support winter demands, it does not ease the overall pressures on the NHS and councils to provide safe and quality services within less resource. The CCG, the Council and the ICO have an intention to ‘pool’ financial resources as the best way of meeting increasing demands, on the basis of a risk share. The document is still being finalised but will be included once agreed. Through the establishment of the ICO, and by pooling funding under a risk share agreement, we expect to see a transfer of resources from inpatient beds to care provided in people’s homes, which is of high quality and value for money for our population. To deliver this we expect to see a shift in the current workforce configuration to more community based teams, delivering seven day a week services.
Financial context. At a national level the funding arrangements for Adult Social Care (ASC) are under review. The Dilnot Report has now been published but there is no immediate prospect of this review reporting in a timescale that would propose changes in 2012-
Financial context. Funding arrangements for Adult Social Care (ASC) are under review at a national level. The Dilnot Report has now been published but there is no immediate prospect of this review having agreed outcomes that would propose changes in 2013-14. Therefore the financial arrangements for 2013-14 are based on what is known at present. Torbay Council, in line with the comprehensive spending review (2011-2015), is required to make substantial budget reductions of about 28%. The Trust acknowledge the tight financial constraints over the period and will continue to deliver the best possible care and support within these constraints and in consultation with the Council through the DASS, making any changes to service delivery with appropriate service user consultation.
Financial context. Funding arrangements for Adult Social Care (ASC) are under great pressure and although there has been welcome reform though Dilnot it does not ease the pressure councils are under to provide safe and quality services within less resource. Torbay Council, in line with the comprehensive spending review (2011-2015), is required to make substantial budget reductions. The Trust and local CCG acknowledge the tight financial constraints over the period and will continue to deliver the best possible care and support within these constraints and in consultation with the Council through the DASS, making any changes to service delivery with appropriate service user consultation.
Financial context. 3.1 Devon County Council defines its budget within its annual budget book