OVERSPENDS AND UNDERSPENDS. If an overspend is identified the following approach will be taken: • Seek to cover the overspend from areas of underspend identified within either pool; • Utilise the risk pool funding; • Reduce uncommitted scheme allocations; • Cover from resources outside the pool. If an underspend is identified the following approach will be taken: • Underspends remain within the pooled arrangement to support overspends elsewhere in the pool; • Further joint schemes to be proposed in year which can utilise the resources in year. • Underspends may be carried forward to meet ongoing financial pressures subject to each organisation’s own governance arrangements. Allocation of funding will be subject to agreement of the pooled fund partners as part of the BCF governance. In all of these scenarios the BCF Executive Group is the forum where decisions would be made.
OVERSPENDS AND UNDERSPENDS. 10.1 The NHS Body shall use its best endeavours to arrange for the discharge of the Authority Health and Social Care Related Functions and provision of the Services within the Authority’s Financial Contribution available in each Financial Year.
10.2 The NHS Body shall make the Authority aware of any potential overspend as soon as it becomes aware of this possibility. The NHS Body will highlight reasons for the overspend, both current and projected, and take immediate action to bring the Authority’s Financial Contributions back to balance.
10.3 If having taken action to address the cause of the overspend, the NHS Body deems that it is not possible to address it from with the Authority’s Financial Contribution without significant risk to service users/carers/outcomes, the Authority will work with the NHS Body to determine whether alternative action can be taken or whether resources can be from other parts of the Section 75 Agreement. If the Head of Service (MH Commissioning) finds that there is significant risk to service users/carers/outcomes/the discharge of the Authority’s statutory responsibilities which can only be addressed with additional funding, the Head of Service (MH Commissioning) will agree to additional investment.
10.4 The NHS Body shall make the Authority aware of any potential underspend in relation to the Authority’s Financial Contribution, prior to the end of the Financial Year. The NHS Body shall highlight reasons for the underspend and identify any part of that underspend which is already contractually committed.
10.5 The benefit of any underspend at the end of the Financial Year or on termination or expiry of this Agreement (whichever is appropriate) shall be returned to the Authority.
10.6 The Parties acknowledge and agree that Services provided pursuant to section 117 MHA 1983 are funded jointly by the “Clinical Commissioning Group” and the Authority, and the Parties further acknowledge and agree that, in the event that a Service User, who is eligible to receive Services pursuant to section 117 MHA 1983, has had to pay for those Services themselves, such costs will be refunded to that Service User jointly by the Authority and CPFT on a 50:50 basis
OVERSPENDS AND UNDERSPENDS. 9.1 Without prejudice to clause 17.2.2, the Partners agree that any deficit or surplus will be dealt with in the manner set out in the Financial Protocol in Schedule 5 or as agreed by the Partnership Board.
OVERSPENDS AND UNDERSPENDS. 10.1 The Trust shall use all reasonable endeavours to arrange for the discharge of the Authority Health-Related Functions and the NHS Functions within the Financial Contributions available in each Financial Year.
10.2 Without prejudice to the provisions of schedule 3 the Trust shall endeavour to manage any in-year overspends within its commissioning arrangements for the Services.
10.3 The Trust shall make the Authority aware of any potential overspend as soon as it becomes aware of this possibility. The Trust will highlight reasons for the overspend, both current and projected, and make recommendations for action to bring the relevant Financial Contributions back to balance.
10.4 The Trust shall make the Authority aware of any potential underspend in relation to Financial Contributions, prior to the end of the Financial Year. The Trust shall highlight reasons for the underspend and identify any part of that underspend which is already contractually committed.
10.5 Any overspend or underspend at the end of the Financial Year shall be dealt with in accordance with Schedule 3 herein.
OVERSPENDS AND UNDERSPENDS. If in relation to a Pooled Fund, the Pool Manager forecasts changes in the total level of agreed planned expenditure of the Pooled Fund in question during any financial year, then the Pool Manager shall report such forecasted changes to the Health and Wellbeing Board and the other Partners as soon as possible and in any event within fourteen (14) days of the forecast being made.
OVERSPENDS AND UNDERSPENDS. The Commonwealth's commitment to meet 100 per cent of any costs associated with higher population numbers or higher per person NDIS funded supports costs and 100 per cent of the Agency’s cash flow risk will apply during the launch and transition to a full scheme, as specified in Schedules A – E, in recognition of the likely variability in costs in the early stages of the scheme.
OVERSPENDS AND UNDERSPENDS. The Host Partner shall make the other Partners aware of any actual or forecast variances of spend against the Pooled Fund or financial risks as soon as it becomes aware of this possibility. The Host Partner will highlight reasons for the variance both current and projected, and make recommendations for action to bring the over-spend into alignment with the budget.
OVERSPENDS AND UNDERSPENDS. The Lead shall make the other Party aware of any potential overspend as soon as it becomes aware of this possibility. The Lead will highlight reasons for the overspend, both current and projected, and make recommendations for action to bring the relevant Contributions, as appropriate, back to balance. The [Council]/[CCG] will act in good faith and in a reasonable manner in agreeing the management of the overspend.
OVERSPENDS AND UNDERSPENDS. The Trust shall use all reasonable endeavours to arrange for the discharge of the Authority Health-Related Functions and the NHS Functions within the Financial Contributions available in each Financial Year. Without prejudice to the provisions of schedule 3 the Trust shall endeavour to manage any in-year overspends within its commissioning arrangements for the Services. The Trust shall make the Authority aware of any potential overspend as soon as it becomes aware of this possibility. The Trust will highlight reasons for the overspend, both current and projected, and make recommendations for action to bring the relevant Financial Contributions back to balance. The Trust shall make the Authority aware of any potential underspend in relation to Financial Contributions, prior to the end of the Financial Year. The Trust shall highlight reasons for the underspend and identify any part of that underspend which is already contractually committed. Any overspend or underspend at the end of the Financial Year shall be dealt with in accordance with Schedule 3 herein. CAPITAL EXPENDITURE The Financial Contributions shall be directed exclusively to revenue expenditure. Any arrangements for the sharing of capital expenditure shall be made separately and in accordance with section 256 (or section 76) of the NHS Xxx 0000. SET UP COSTS Each Partner shall bear its own costs of the establishment of the Partnership Arrangements under this Agreement.
OVERSPENDS AND UNDERSPENDS. 9.1 Stockton shall use all reasonable endeavours to arrange for the discharge of Stockton’s own Adoption Functions and the Adoption Functions within the Financial Contributions available in each Financial Year.
9.2 Stockton shall endeavour to manage any in-year overspends within its arrangements for the RAA.
9.3 Stockton shall make the other Authorities aware of any potential overspend as soon as it becomes aware of this possibility. Stockton will highlight reasons for the overspend, both current and projected, and make recommendations for action to bring the relevant Financial Contributions back to balance.
9.4 If, at the end of the Financial Year or on termination or expiry of this Agreement, it becomes apparent that there has been an overspend of the Authorities Financial Contribution, the Authorities shall meet the overspend proportionately to their respective Financial Contributions;
9.5 Stockton shall make the Authorities aware of any potential underspend in relation to Financial Contributions, prior to the end of the Financial Year. Stockton shall highlight reasons for the underspend and identify any part of that underspend which is already contractually committed.
9.6 The benefit of any underspend at the end of the Financial Year or on termination or expiry of this Agreement (whichever is appropriate) shall:
a) if the Authorities agree, be applied to the RAA;
b) if the Authorities agree, be deducted proportionately from the Authorities' Financial Contributions for the following Financial Year; or
c) if the Authorities cannot agree, be returned to the Authorities in proportion to their Financial Contribution for the Financial Year;
