FLEX FUND STANDARDS Clause Samples
The FLEX FUND STANDARDS clause establishes the specific rules and criteria that govern the operation and management of a flex fund within an agreement. It typically outlines requirements such as eligible uses of the fund, approval processes for disbursements, reporting obligations, and any restrictions on expenditures. For example, it may specify that funds can only be used for certain project-related expenses and require periodic financial reporting to stakeholders. The core function of this clause is to ensure transparency, accountability, and proper oversight in the administration of the flex fund, thereby minimizing misuse and aligning fund usage with the intended objectives.
FLEX FUND STANDARDS. Flex Funds are accessible for needed supports and services of Wrap OC. Flex Funds may be used for emergencies and/or crisis/safety stabilization, implementation strategies and interventions, recognition activities related to milestone achievements, and celebrations supporting transition. All Flex Fund expenditures submitted for reimbursement are subject to advance written approval by ADMINISTRATOR. ADMINISTRATOR, at its sole discretion, may modify the dollar amount and/or timeframe thresholds and/or require advance written approval for any Flex Fund expenditure.
9.1 CONTRACTOR’s use of Flex Funds shall be purposeful and tied to specific goals stated in the POC.
9.2 CONTRACTOR shall use Flex Funds creatively and effectively in the development of services and support for Participant and Participant’s family, to build on family strengths, add value to the stated mission for the family, help meet identified needs of Participant and Participant’s family, and be relevant to family’s sense of identity. The family’s sense of identity includes, but is not limited to, ethnicity, age, nationality, spirituality, and traditions.
FLEX FUND STANDARDS. 25 Flex Funds are accessible for needed supports and services of Wrap OC. 26 Flex Funds may be used for emergencies and/or crisis/safety stabilization, 27 implementation strategies and interventions, recognition activities related to 28 milestone achievements, and celebrations supporting transition. All Flex Fund WCB0618 Page 20 of ▇▇ ▇▇-▇▇-▇▇ 1 expenditures submitted for reimbursement are subject to advance written approval 2 by ADMINISTRATOR.
FLEX FUND STANDARDS. 7 Flex Funds are accessible for needed supports and services of Wrap OC. 8 Flex Funds may be used for emergencies and/or crisis/safety stabilization, 9 implementation strategies and interventions, recognition activities related to 10 milestone achievements, and celebrations supporting transition. All Flex Fund 11 expenditures submitted for reimbursement are subject to advance written approval 12 by ADMINISTRATOR.
FLEX FUND STANDARDS. 15 Flex Funds are accessible for needed supports and services of Wrap OC. 16 Flex Funds may be used for emergencies and/or crisis/safety stabilization, 17 implementation strategies and interventions, recognition activities related to 18 milestone achievements, and celebrations supporting transition. All Flex Fund 19 expenditures submitted for reimbursement are subject to advance written 20 approval by ADMINISTRATOR. 21 ADMINISTRATOR, in its sole discretion, may modify the dollar amount 22 and/or timeframe thresholds and/or require prior written authorization for any 23 Flex Fund expenditure.
24 48.16.1 CONTRACTOR’s use of Flex Funds shall be purposeful and tied 25 to specific goals stated in the POC.
26 48.26.2 CONTRACTOR shall use Flex Funds creatively and effectively 27 in the development of services and support for the Participant and the 28 Participant’s family, to build on family strengths, add value to the stated WCB0418 Page 24 of ▇▇ ▇▇-▇▇-▇▇ 1 mission for the family, help meet identified needs of the Participant and 2 Participant’s family, and be relevant to family’s sense of identity. The 3 family’s sense of identity includes, but is not limited to, ethnicity, age, 4 nationality, spirituality, and traditions. 5 48.36.3 Fiscal Strategies
6 48.3.16.3.1 CONTRACTOR shall have fiscal strategies in place for 7 implementing the use of Wrap OC Flex Funds. These strategies shall include, 8 but are not limited to, the following:
9 48.3.1.16.3.1.1 CONTRACTOR shall reserve a minimum 10 of ten percent (10%) of the contract Agreement maximum obligation to be used 11 specifically for Flex Fund purposes.
12 48.46.3.1.2 CONTRACTOR shall develop a plan to ensure 13 staff has timely access to Flex Funds to promptly address the Participant’s 14 and/or Participant’s family’s needs. The plan may be evaluated regularly by 15 ADMINISTRATOR, and CONTRACTOR shall be required to make changes accordingly as 16 determined by ADMINISTRATOR.
17 48.56.3.1.3 CONTRACTOR shall have a mechanism or work 18 flow process in place whereby an emergency Flex Fund request is completed 19 within two (2) business days of the request. 20 48.5.1.16.3.1.4 CONTRACTOR shall ensure expenses are 21 related to interventions utilized for implementing the POC and/or Safety Plan, 22 to help project and strategize services. 23 48.5.1.26.3.1.5 CONTRACTOR’s procedures for 24 documenting and accounting for the use of all Flex Funds shall include 25 retention of comprehensive source documentation in accorda...
FLEX FUND STANDARDS. 4 Flex Funds are accessible for needed supports and services of Wrap OC. 5 Flex Funds may be used for emergencies and/or crisis/safety stabilization, 6 implementation strategies and interventions, recognition activities related to 7 milestone achievements, and celebrations supporting transition. All Flex Fund 8 expenditures submitted for reimbursement are subject to advance written 9 approval by ADMINISTRATOR. 10 ADMINISTRATOR, in its sole discretion, may modify the dollar amount 11 and/or timeframe thresholds and/or require prior written authorization for any 12 Flex Fund expenditure.
13 6.1 CONTRACTOR’s use of Flex Funds shall be purposeful and tied to 14 specific goals stated in the POC.
15 6.2 CONTRACTOR shall use Flex Funds creatively and effectively in the 16 development of services and support for the Participant and the Participant’s 17 family, to build on family strengths, add value to the stated mission for the 18 family, help meet identified needs of the Participant and Participant’s 19 family, and be relevant to family’s sense of identity. The family’s sense of 20 identity includes, but is not limited to, ethnicity, age, nationality, 21 spirituality, and traditions.