Fund Management. The scheme will be managed by the Catholic Education Office. During the four year accrual period, schools will remit 20% of salary foregone to the Office on a two or four weekly basis. Participants will receive a statement from the Office at the end of each year showing the amount accumulated in the scheme. At the beginning of the fifth year, when leave is taken, the accumulated amount will be forwarded to the participant’s school for payment through the school’s payroll. All contributions to the scheme are guaranteed by the Catholic Education Office of WA.
Fund Management. 1. Common Agreement Faculty PD funds may be used only at a time mutually agreed upon by the College and the employee.
Fund Management. 8.1 The Partners agree that the Council shall act as host for the purposes of Regulations 7(4) and 7(5) in respect of Pooled Fund 1 and the Council shall appoint an officer to act as the Pooled Fund Manager for the purposes of Regulation 7 (4).
8.2 The Pooled Fund Manager shall have the following duties and responsibilities:
8.2.1 the day to day operation and management of the Pooled Fund;
8.2.2 ensuring that all expenditure from the Pooled Fund is in accordance with the provisions of this Agreement and the relevant Scheme Description and Specification;
8.2.3 maintaining an overview of all joint financial issues affecting the Partners in relation to the Services and the Pooled Fund;
8.2.4 ensuring that full and proper records for accounting purposes are kept in respect of the Pooled Fund;
8.2.5 reporting to the Partnership Board as required by the Partnership Board and the relevant Scheme Description and Specification;
8.2.6 preparing and submitting to the Partnership Board Quarterly reports (or more frequent reports if required by the Partnership Board) and an annual return about the income and expenditure from the Pooled Fund together with such other information as may be required by the Partners and the Partnership Board to monitor the effectiveness of the Pooled Fund and to enable the Partners to complete their own financial accounts and returns. The Partners agree to provide all necessary information to the Pooled Fund Manager in time for the reporting requirements to be met.
8.2.7 preparing and submitting reports to the Health and Wellbeing Board as required by it.
8.3 In carrying out their responsibilities as provided under Clause 8.2 the Pooled Fund Manager shall deliver the recommendations of the Partnership Board and shall be accountable to the Partners through the Partnership Board.
Fund Management. The Management Company has the responsibility to make all investment decisions within the framework of the Rules, the Regulations, this Deed and the Offering Document.
Fund Management. No gift shall be accepted that (1) represents an unreasonable burden to the Foundation, (2) would result in, or create the appearance of, any private benefit, or (3) would limit, or tend to limit, the overall strength of the Foundation. It will be the responsibility of the donor to secure an appraisal (where applicable) and independent legal counsel for all gifts to the Foundation. The Foundation may elect to consult its legal counsel before accepting a gift. Acknowledgement of all gifts made to the Foundation and compliance with the current IRS requirements for receipting and/or for maintaining or disposing of such gifts shall be the responsibility of the IEEE Development Office.
Fund Management. The Manager will determine the securities and other instruments to be purchased, sold or entered into by the Fund and place orders with broker-dealers, foreign currency dealers, futures commission merchants or others pursuant to the Manager’s determinations and all in accordance with the policies as set out in the Fund’s Prospectus or as adopted by the Board and disclosed to the Manager. The Manager will determine what portion of the Fund’s portfolio will be invested in securities and other assets and what portion, if any, should be held uninvested in cash or cash equivalents. The Fund will have the benefit of the investment analysis and research, the review of current economic conditions and trends and the consideration of long-range investment policy generally available to the Manager’s investment advisory clients.
Fund Management. The Adviser will determine the securities and other instruments to be purchased, sold or entered into by the Fund and place orders with broker-dealers, foreign currency dealers, futures commission merchants or others pursuant to the Adviser’s determinations and all in accordance with the policies as set out in the Fund’s Prospectus or as adopted by the Board and disclosed to the Adviser. The Adviser will determine what portion of the Fund’s portfolio will be invested in securities and other assets and what portion, if any, should be held uninvested in cash or cash equivalents. The Fund will have the benefit of the investment analysis and research, the review of current economic conditions and trends and the consideration of long-range investment policy generally available to the Adviser’s investment advisory clients.
Fund Management. Grantee must receive these funds under this Agreement in a separate ledger account/fund and cannot mix these funds with other sources. The Grantee must manage funds according to applicable federal regulations for administrative requirements, cost principles and audits. The Grantee must maintain adequate business systems to comply with Federal requirements. The business systems that must be maintained are:
a. Financial Management d. Property
b. Procurement e. Travel
c. Personnel
Fund Management. 8.1 Pursuant to this Agreement, the Partners agree that the Council will be the Host Partner for the purposes of Regulations 7(4) and 7(5), for a Pooled Fund made up of the Partners contributions for Committed Funds, as set out in Schedule 3, during the year in accordance with this agreement.
8.2 The Host Partner will act as the banker for the BCF and shall be the Partner responsible for:
8.2.1 Holding all monies contributed to the Pooled Fund on behalf of itself and the other Partners;
8.2.2 Arranging reimbursement to Partners for actual expenditure incurred, up to the value of the Committed Funding allocation for each Scheme.
8.2.3 Appointing the Pooled Fund Manager.
8.3 The Partners will transfer one twelfth of the full value of their Committed Fund contributions, as set out in Schedule 3 – Committed Funds, to the Pooled Fund on the 1st day of the relevant month in advance on receipt of an invoice, which shall be issued at the start of the preceding month, unless otherwise agreed by the Partners.
8.4 Permitted expenditure will be reimbursed by the Host Partner in accordance with clause 9 - Pooled Fund Expenditure. All reimbursements must be claimed in full prior to 31st March 2023.
8.5 The Host Partner will invest the cash balances that it holds. To the extent that this will generate interest receipts, the benefit of this will be reinvested into the BCF and reported through the Joint Commissioning Strategy Group who shall have responsibility for deciding how it is spent.
8.6 The Host Partner will meet with the Partners prior to the 31st March 2023 to plan the year-end position, and to agree the handling and application of any Pooled Fund underspend, which will then need to be agreed and signed off by the Joint Commissioning Strategy Group.
8.7 No provision of this Agreement shall preclude the Partners from making additional contributions of Non-Recurrent Payments to the Pooled Fund from time to time by mutual agreement. Any such additional contributions of Non-Recurrent Payments shall be explicitly recorded in Joint Commissioning Strategy Group minutes and recorded in the budget statement as a separate item.
8.8 The Joint Commissioning Strategy Group may agree to the viring of funds between Schemes. Any such applications from Partners should be submitted through the Better Care Fund Manager, for evaluation at the Joint Commissioning Strategy Finance Sub Group prior to consideration at the first relevant Joint Commissioning Strategy Group meeting after t...
Fund Management. The Fund shall be administered by the CPN Board. The Board shall exercise all powers and duties of the Fund. The Board is responsible to the Members for the diligent management of the Fund in accordance with the caveats outlined in this agreement. A written report on the activity and management of the Fund is to be submitted yearly at least 30 days prior to holding the Annual General Meeting.
