Financial Planning and Budget Setting Process Sample Clauses

Financial Planning and Budget Setting Process. The Partners will prepare planning assumptions of inflation allowances for pay and non-pay expenditure, and income, together with proposed budget variations in respect of :- growth and demographic change; service enhancements or reductions; required efficiency / quality improvements; cost pressure funding; and national initiatives. These will be considered in the context of the overall budgets of the Partners, as applicable, and shall be presented to the MG no later than 31st December for the following financial year’s budget.
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Financial Planning and Budget Setting Process. 10.1 The Partners will prepare planning assumptions of inflation allowances for salary and non-salary expenditure and income together with proposed variations to the expenditure budget in respect of for example:
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Financial Planning and Budget Setting Process. This shall take account of, but not be limited to, the following planning assumptions of inflation, allowances for pay and non-pay items together with proposed budget variations in respect of:- • Demographic change; • Service enhancement or reduction; • Required efficiency / quality improvement; • Income streaming; and • National initiatives; and will be considered in the context of the overall Local Authority budget and CCG Contributions and shall be available no later than 28th January annually. The Council shall also ensure that any matters relating to the cost of services that might have a material impact on expenditure or income in future years are identified and reported to the JMG in time to be taken into account in the financial planning and budget setting process. As part of the annual budget setting process, the Council shall ensure that their Managers are involved in undertaking a risk assessment that takes account of the financial targets and objectives for the year ahead. The Council shall advise the appropriate deadline dates for the provision of such information.
Sample 1
Financial Planning and Budget Setting Process. As stated in Clause 9 of the main agreement, participation in the budget setting process is as follows:- • Partners shall use reasonable endeavours in each financial year to agree by 1st October draft budgets for the following financial year; • The partners shall aim to confirm final budgets and any changes to financial procedures by 28th February for the following financial year. • Partners must confirm final budgets for the following year by no later than 31st March ( subject to pay award announcements likely to be made after 1st April each year)
Sample 1
Financial Planning and Budget Setting Process. The budgets will be reviewed in accordance with Clause 9. This shall take account of but not be limited to the following:- • Demographic change; • Inflation; • Changes in future policy; • Service improvements and other planning assumptions; • Any agreed addition or decreases of funds for the development of the Pooled Funds against any agreed targets and market forces to be agreed by the JCMG; • Service enhancement or reduction; • Required efficiency / quality improvement; • Income streams; and • National Initiatives. The Annual Commissioning Plan and Budget will be prepared in the context of the Operational Delivery Plan of the PCT, the Medium Term Plan of the Council and the overall budgets of the PCT and the overall Council budget and shall be available no later than 31st March annually. The Pooled Fund Manager shall ensure that any matters relating to the Pooled Fund that might have a material impact on expenditure or income in future years are identified and reported to the JCMG in time to be taken into account in the financial planning and budget setting process and as a part of the Annual Review process leading to production of an annual Service improvement Plan. The Council’s Chief Finance Officer (Section 151 Officer ) and the PCT’s Director of Finance shall advise the appropriate deadline dates for the provision of such information through the Revised Annual Finance Agreement. In respect of financial forecasting and budgets, the Parties shall provide explanations, analysis and documentation as necessary, within the limitations set out in Clause 13 of the Agreement for the other Partner to understand the basis of their planning assumptions and the contributions to the Pooled Fund. This information will be made available at the same time as the financial forecasts are shared with the other Partner and the contribution to the Pooled Fund is confirmed.
Sample 1
Financial Planning and Budget Setting Process. This shall take account of, but not be limited to, the following planning assumptions of inflation, allowances for pay and non-pay items together with proposed budget variations in respect of:- Demographic change; Service enhancement or reduction; Required efficiency / quality improvement; Income streaming; and National initiatives; and will be considered in the context of the overall Local Authority budget and CCG Contributions and shall be available on or before and no later than 1st April annually. Each party shall also ensure that any matters relating to the cost of services that might have a material impact on expenditure or income in future years are identified and reported to the FJCSG in time to be taken into account in the financial planning and budget setting process. As part of the annual budget setting process, each party shall ensure that their Managers are involved in undertaking a risk assessment that takes account of the financial targets and objectives for the year ahead.
Sample 1
Financial Planning and Budget Setting Process. This shall take account of, but not be limited to, the following planning assumptions of inflation, allowances for pay and non-pay items together with proposed budget variations in respect of:-  Demographic change;  Service enhancement or reduction;  Required efficiency / quality improvement;  Income streaming; and  National initiatives; and will be considered in the context of the overall Council budget and the LCCG Contributions and shall be available on or before and no later than 1st April annually. Each Party shall also ensure that any matters relating to the cost of services that might have a material impact on expenditure or income in future years are identified and reported to the JSCG in time to be taken into account in the financial planning and budget setting process. As part of the annual budget setting process, each Party shall ensure that their Managers are involved in undertaking a risk assessment that takes account of the financial targets and objectives for the year ahead.
Sample 1
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