POOLED FUND MANAGEMENT Clause Samples
POOLED FUND MANAGEMENT. 8.1 When introducing a Pooled Fund in respect of an Individual Scheme, the Partners shall agree:
8.1.1 which of the Partners shall act as Host Partner for the purposes of Regulations 7(4) and 7(5) and shall provide the financial administrative systems for the Pooled Fund;
8.1.2 which officer of the Host Partner shall act as the Pooled Fund Manager for the purposes of Regulation 7(4) of the Regulations.
8.2 The Pooled Fund Manager in respect of each Individual Service where there is a Pooled Fund 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 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 BCF Executive Group and BCF Operational Group as required by the group and the relevant Scheme Specification;
8.2.6 ensuring action is taken to manage any projected under or overspends relating to the Pooled Fund in accordance with this Agreement;
8.2.7 preparing and submitting to the BCF Executive Group and BCF Operational Group quarterly reports (or more frequent reports if required by either Group) and an annual return about the income and expenditure from the Pooled Fund together with an annual report and other requirements as set out in Schedule 5, and such other information as may be required by the Partners and the BCF Executive and Operational Groups 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 as set out in schedule 9;
8.2.8 preparing and submitting reports to the Health and Wellbeing Board as required by it including supplying the quarterly reports referred to in paragraph 8.2.7 above to the Health and Well Being Board.
8.3 In carrying out their responsibilities as provided under Clause 8.2 the Pooled Fund Manager shall have regard to the BCF Guidance and the recommendations of the BCF Executive Group and shall be accountable to the Partners.
8.4 The BCF Executive Group may agree to the viring of funds between Pooled Fu...
POOLED FUND MANAGEMENT. 8.1 The Parties hereby agree that the Host Partner shall appoint an officer to act as the Pooled Fund Manager for the purposes of Regulation 7(4) of the Regulations, subject to the consent of the other Party (such consent not to be unreasonably withheld).
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 preparing and submitting to the Integrated Commissioning Board bi-monthly reports (or more frequent reports if required by the Integrated Commissioning 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 Parties and the Integrated Commissioning Board to monitor the effectiveness of the Pooled Fund and to enable the Parties to complete their own financial accounts and returns; and
8.2.3 compliance with the obligations set out in the Financial Framework.
8.3 Pursuant to this Agreement, the Parties agree to establishing a Finance Economy Group and a Task and Finish Group, with the composition and responsibilities of such groups further specified in the Financial Framework.
8.4 In carrying out the responsibilities under Clause 8.2 the Pooled Fund Manager shall be accountable to the Parties and have regard to the recommendations of the Finance Economy Group, the Task and Finish Group, and the Integrated Commissioning Board. Furthermore, the Pooled Fund Manager must comply with the Financial Framework and the Information Framework.
8.5 Both Parties acknowledge the importance of ensuring that there is sufficient financial management support for the Integrated Commissioning Fund, and the Chief Financial Officer (or equivalent) of each Party shall be responsible for ensuring this support.
8.6 The Integrated Commissioning Board may agree to the viring of funds within the Pooled Fund (subject to any specific requirements of the Financial Framework).
POOLED FUND MANAGEMENT. 8.1 The Pooled Fund Manager in respect of the Pooled Funds shall have the following duties and responsibilities:
8.1.1 the day to day operation and management of the Pooled Funds;
8.1.2 ensuring that all income and expenditure from the Pooled Funds is in accordance with the provisions of this Agreement and the relevant Areas of Provision;
8.1.3 maintaining an overview of all joint financial issues affecting the Partners in relation to the Services and the Pooled Funds;
8.1.4 ensuring that full and proper records for accounting purposes are kept in respect of the Pooled Funds;
8.1.5 reporting to the Locality Board in accordance with the terms of this Agreement;
8.1.6 ensuring action is taken to manage any projected under or overspends relating to the Pooled Funds in accordance with this Agreement;
8.1.7 preparing and submitting to the Locality Board quarterly reports (or more frequent reports if required by the Locality Board) and an annual return about the income and expenditure from the Pooled Funds together with such other information as may be required by the Partners and the Locality Board to monitor the effectiveness of the Pooled Funds 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;
8.1.8 preparing and submitting reports to the Locality Board as required by it.
8.2 In carrying out their responsibilities as provided under Clause 8.1 the Pooled Fund Manager shall have regard to the recommendations of the Locality Board and shall be accountable to the other Partner.
8.3 The Locality Board may agree to the viring within the Pooled Funds in line with the Partners’ respective schemes of delegation.
POOLED FUND MANAGEMENT. 7.1 The Council is the lead provider for the purposes of the Regulations.
7.2 The Pooled Fund Manager will be Ceredigion County Council’s Corporate Lead Officer – Finance & Procurement and shall be accountable directly to the Joint Management Board (or in any other case) the Council’s Chief Executive.
7.3 The Pooled Fund Manager shall delegate to an Accountant with responsibility for authorising payments and the Council shall such make payments from the Pooled Fund in accordance with the Service description and the Aims and Objectives, as set out in the Schedules to this Agreement. The scheme of delegation is detailed in Schedule 5.
7.4 The Pooled Fund Manager shall delegate to a Finance Group Manager responsibility for managing the Pooled Fund and forecasting and reporting to the Joint Management Board upon the targets and information as agreed and any further targets or performance measures that may be set by the Joint Management Board from time to time.
7.5 The Pooled Fund Manager shall delegate to a Finance Group Manager reporting to both the Authorised Officers in accordance with the requirements of the Regulations. The Council’s Authorised Officer shall in turn ensure reporting on the same to the officer of the Council responsible for the administration of its financial affairs.
7.6 The Pooled Fund Manager shall delegate to an Accountant submission to the Partners monthly reports within twenty (20) days of the end of the month thereof and an annual return by 1st October following the end of each year in line with statutory and local deadlines and requirements regarding the income of and expenditure from the Pooled Fund, reports on performance against budget and targets and other information by which the Partners can monitor the effectiveness of the Pooled Fund arrangements.
7.7 The Joint Management Board shall be responsible for any costs, claims, expenses or liabilities in excess of the Pooled Fund at any time, save that the Partners shall be individually responsible (in the proportions of their respective contributions of the Pooled Fund for the current Financial Year) for any such costs, claims, expenses or liabilities incurred with the agreement of the Partners in accordance with the terms of this Agreement.
7.8 The benefit of any financial surplus in the Pooled Fund at the end of each Financial Year shall:-
7.9.1 Be distributed to the Partners proportionate to the original contributions to the Pooled Fund;
POOLED FUND MANAGEMENT. The Pooled Fund Manager for each Pooled Fund shall have the following duties and responsibilities:
POOLED FUND MANAGEMENT. 7 The Pooled Funds are managed by respective commissioning teams, in co-located offices. For example, LBC is the Host Partner to Children & Young People and Learning Difficulties & Autism Pooled Funds. BLMK ICB is the Host Partner to Mental Health & Wellbeing Pooled Fund. Any variances and the subsequent treatment against the pooled funds will be subject to a type of contribution either being fixed or variable as explained above. BLMK ICB lead commissions contract with ELFT and Total Wellbeing/IAPT Services. Planning guidance is usually issued in December and contracts are signed by the end of March each year. LBC finance, the non-host partner, sets its budget five months earlier in November, and once set any deviation becomes an organisational problem. Given these two timing conflicts, BLMK ICB finance has agreed to provide, in written form, any early guidance issued by NHSE to support any budget uplifts required in the LBC budgets for the subsequent financial year. Previously both partners have agreed a new arrangement for joint funded clients as per paragraph 14 above.
POOLED FUND MANAGEMENT. 8.1 The Partners agree that the Council shall act as host for the purposes of Regulations 7(4) and 7(5) 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.
POOLED FUND MANAGEMENT. 8.1 When introducing a Pooled Fund in respect of an Individual Scheme, the Partners shall agree:
8.1.1 which of the Partners shall act as Host Partner for the purposes of Regulations 7(4) and 7(5) and shall provide the financial administrative systems for the Pooled Fund; and
8.1.2 which officer of the Host Partner shall act as the Pooled Fund Manager for the purposes of Regulation 7(4) of the Regulations.
8.2 The Pooled Fund Manager shall have the following duties and responsibilities:
8.2.1 To develop and implement an overarching Commissioning Project Plan for the BCF, to maximize Joint (Aligned)/Co commissioning and Integrated Commissioning opportunities allied to the Pooled Fund working in conjunction with the lead officers of each Partner organisation.
8.2.2 To lead on the delivery of the joint procurement and management of the Residential and Nursing Care Home Market to ensure effectiveness and efficiency of such procurements across health and social care.
8.2.3 To support the development of Joint (Aligned) Co-commissioning/Integrated Commissioning strategies for Learning Disability and Mental Health.
8.2.4 To embed the governance structure set out in Schedule 2 of this Agreement within both organisations and to develop and deliver a work plan for the BCF for 2015/16.
POOLED FUND MANAGEMENT. 7.1 The Pooled Fund Manager shall be such officer of the County Council as the County Council may from time to time nominate for this role and who has been approved by the Partners (such approval not to be unreasonably withheld) and who has been affirmed in the role by the MG within thirty (30) days of the commencement of each Financial Year or (in any other case) the Council’s: The Pooled Fund Manager shall be accountable directly to the Council’s Director of Children and Young People’s Services.
POOLED FUND MANAGEMENT. 5.1. The Pooled Fund Manager shall be the Senior Commissioning Manager (SCM)