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. 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. The Partners agree this will be dealt with in the manner set out in the Finance Protocol at Schedule 6.
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.
OVERSPENDS AND UNDERSPENDS. 1. 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. 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.
OVERSPENDS AND UNDERSPENDS. 48. 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. 1. 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. 11.1 Where in the course of a Financial Year it appears that an overspend of any Individual Service Budget is likely at the end of the said Financial Year and the Partners have recognised that overspend, the Joint Executive Team will manage the Individual Service Budget by, in sequential order:
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.
