Funding Formula. To the extent that it is demonstrated that the Cooperative’s library system benefits and is used by residents of the unincorporated area of Polk County, the County shall provide dedicated funding from Library MSTU dollars to the Cooperative as provided for in Section 21.
Funding Formula. The County has provided a dedicated funding source (Library MSTU) which assists in its commitment to more equitable funding in order to reach $23.60 operational funding per capita as recommended by previous professional consultants hired by the County.
Funding Formula. The Policy Committee shall annually on or before July 1 of each year, by a unanimous vote, approve the funding formula to determine the parties’ share of expenses for Consortium operations, provided, however, that the most recently approved cost-sharing formula shall continue unless amended by the unanimous vote of the parties.
Funding Formula. Funding to support funded early education places for eligible two year olds is paid at a single standard rate. For 2020-21 this will be £5.12 per child, per hour they attend.
Funding Formula. Each year, the BOC agrees to fund OCS for the fiscal year in the total amount defined below in equal monthly installments that begin on July 15th each year:
Funding Formula. Clause 9.2 of the Regional Library Agreement requires the Library Board to agree on a funding formula to determine the financial contributions to be made by the member councils. The agreed funding formula must ensure each member council contributes the same per capita amount.
Funding Formula. Funding will be allocated based on the agreed formula consulted with schools and schools forum. Funding amounts will be determined at school level based on the agreed formula. Total funding is divided between Primary (25%) and Secondary (75%). The Funding Allocation for each school is then determined by 75% weight for Free School Meals (Ever6) and 25% weight for pupil population. Funding will be reduced for individual schools based on the number of pupils permanently excluded prior to the commencement of this agreement where the Authority has the responsibility to provide education. This will be linked directly to pupils and the cost will be aligned to the cost of placement at the appropriate learning centre as consulted on and agreed through Schools Forum, until the pupils is reintegrated or no longer the responsibility of the Authority to educate. However, each school will receive at least 43% of their total Funding Allocation.
Funding Formula. Clause 9.2 of the Regional Library Agreement requires the Library Board to agree on a funding formula to determine the financial contributions to be made by the member councils.
5.1 For each static service point, the net recurrent expenditure will be wholly borne by the member council for the municipal district in which the service point is located. (Recurrent expenditure is the difference between revenues earned from branch operations and operating costs, excluding depreciation and capital expenditures.)
5.2 The revenues and expenditures associated with the mobile library service will be shared between the member councils by apportioning each item in accordance with the criterion deemed to be the most equitable.
5.3 The revenues and expenditures associated with the WRLC’s headquarters unit will be shared between the member councils by apportioning each item in accordance with the criterion deemed to be the most equitable. In making such apportionments, the following conditions will apply:
(a) Revenues and expenditures incurred specifically in relation to non- base services will be identified and allocated to the corresponding non-base services.
(b) No member council will incur increased costs as a result of other councils significantly reducing the level of branch services primarily to reduce operating and overhead costs.
Funding Formula. In this Schedule terms highlighted in bold print shall have the meanings ascribed to them in the main body of the Agreement or within this Schedule.
Funding Formula. The Policy Committee shall annually, at the time of approving the subsequent year’s budget, by a unanimous vote, approve the funding formula to determine the Parties' share of expenses for Consortium operations.
