Common use of Pooled Fund Clause in Contracts

Pooled Fund. 9.1 The Parties agree as follows: 9.1.1 The Council will be the Pooled Fund Host with the responsibility for accounting and audit and the financial reporting of the overall pool being exercised by the finance lead. 9.1.2 The Director of Integrated Commissioning (DIC) will be the joint responsibility of the Chief Clinical Officer of the CCG and Chief Executive of the Council and will manage the operation of the Pooled Fund and the Pooled Services Budgets through the Joint Commissioning Board (the JCB) which will be jointly operated by the Parties under paragraphs xxx and xxx of this agreement. 9.1.3 The DIC will determine delegation of financial responsibility to Individual Pooled Service Budget Managers who will work through the JCB to commission all appropriate services on behalf of the Parties and provide appropriate information to the Parties and the HCICB. 9.1.4 The Standing Orders and Standing Financial Instructions of the Party by which an Individual Pooled Service Budget Manager is employed shall apply to the management of each Individual Pooled Service Budget through the JCB under this Agreement. The CCG Governing Body and Council Executive should formally record this arrangement in their Standing Orders and Standing Financial Regulations. 9.1.5 The Parties will provide the HCICB, the DIC and the Individual Pooled Service Budget Managers with all the necessary financial and administrative support to enable the effective and efficient management of the Pooled Fund and any Individual Pooled Service Budget. 9.1.6 The Parties will create a clear identifiable accounting structure within their financial systems (e.g. a separate cost centre) to enable effective monitoring and reporting of the Pool Fund and the budgets of the Individual Pooled Services and the DIC under instruction from the Finance Lead will be responsible for maintaining an overall accounting structure for the Pooled Fund. 9.1.7 The Individual Pooled Service Budget Managers will provide such information as is deemed necessary by the Parties to this Agreement, to the HCICB, to enable CHANGE effective performance management of the Services provided under this Agreement and any Pooled budget. 9.1.8 The DIC and the Individual Pooled service Budget Managers will be accountable for managing their Pooled Service budget and forecasting expenditure and will notify the nominated finance officers of each party who must report to the HCICB on the outputs and outcomes and the achievements of targets as set out in the service plans and objectives. 9.1.9 The DIC and the Individual Pooled Service Budget Managers will be responsible for the management of each specific Individual Pooled Service Budget within financial balance and will in conjunction with the JCB report any potential or actual variations to any Individual Pooled Service Budget and its potential effect upon the Pooled fund, as soon as practicably possible to the HCICB, and in any event at the next meeting of the HCICB following identification of any such variation; 9.1.10 Individual Pool Budget Managers will follow their own statutory accounting and audit arrangements. A year-end Memorandum Account showing income received, expenditure and any balance remaining shall be prepared by the Pool Host and sent to the Parties for inclusion in their statutory accounts. 9.1.11 The Parties shall comply, at all times, with HMRC guidance as updated from time to time on VAT in respect of the respective Pooled Budgets and their Statutory Finance Officers shall consult with HMRC to agree an appropriate scheme for recovery of VAT.

Pooled Fund. 9.1 The Parties agree as follows: 9.1.1 The Council will be the Pooled Fund Host with the responsibility for accounting and audit and the financial reporting of the overall pool being exercised by the finance leadFinance Lead. 9.1.2 The Director of Integrated Commissioning (DIC) will be the joint responsibility of the Chief Clinical Officer of the CCG and Chief Executive of the Council and will manage the operation of the Pooled Fund and the Pooled Services Budgets through the Joint Commissioning Board (the JCB) which will be jointly operated by the Parties under paragraphs xxx Clauses 8.9 and xxx 8.10 of this agreement. 9.1.3 The DIC will determine delegation of financial responsibility to Individual Pooled Service Budget Managers who will work through the JCB to commission all appropriate services on behalf of the Parties and provide appropriate information to the Parties and the HCICB. 9.1.4 The Standing Orders and Standing Financial Instructions of the Party by which an Individual Pooled Service Budget Manager is employed shall apply to the management of each Individual Pooled Service Budget through the JCB under this Agreement. The CCG Governing Body and Council Executive should formally record this arrangement in their Standing Orders and Standing Financial Regulations. 9.1.5 The Parties will provide the HCICB, the DIC and the Individual Pooled Service Budget Managers with all the necessary financial and administrative support to enable the effective and efficient management of the Pooled Fund and any Individual Pooled Service Budget. 9.1.6 The Parties will create a clear identifiable accounting structure within their financial systems (e.g. a separate cost centre) to enable effective monitoring and reporting of the Pool Pooled Fund and the budgets of the Individual Pooled Services and the DIC under instruction from the Finance Lead will be responsible for maintaining an overall accounting structure for the Pooled Fund. 9.1.7 The Individual Pooled Service Budget Managers will provide such information as is deemed necessary by the Parties to this Agreement, to the HCICB, to enable CHANGE effective performance management of the Services provided under this Agreement and any Pooled budget. 9.1.8 The DIC and the Individual Pooled service Service Budget Managers will be accountable for managing their Pooled Service budget Budget and forecasting expenditure and will notify the nominated finance officers of each party who must report to the HCICB on the outputs and outcomes and the achievements of targets as set out in the service plans and objectives. 9.1.9 The DIC and the Individual Pooled Service Budget Managers will be responsible for the management of each specific Individual Pooled Service Budget within financial balance and will in conjunction with the JCB report any potential or actual variations to any Individual Pooled Service Budget and its potential effect upon the Pooled fundFund, as soon as practicably possible to the HCICB, and in any event at the next meeting of the HCICB following identification of any such variation; 9.1.10 Individual Pool Pooled Service Budget Managers will follow their own statutory accounting and audit arrangements. A year-end Memorandum Account showing income received, expenditure and any balance remaining shall be prepared by the Pool Pooled Fund Host and sent to the Parties for inclusion in their statutory accounts. 9.1.11 The Parties shall comply, at all times, with HMRC guidance as updated from time to time on VAT in respect of the respective Pooled Service Budgets and their Statutory Finance Officers shall consult with HMRC to agree an appropriate scheme for recovery of VAT.

Pooled Fund. 9.1 The Parties agree as follows: 9.1.1 The Council will be the Pooled Fund Host with the responsibility for accounting and audit and the financial reporting of the overall pool being exercised by the finance leadFinance Lead. 9.1.2 The Director of Integrated Commissioning (DIC) will be the joint responsibility of the Chief Clinical Officer of the CCG and Chief Executive of the Council and will manage the operation of the Pooled Fund and the Pooled Services Budgets through the Joint Commissioning Board (the JCB) which will be jointly operated by the Parties under paragraphs xxx and xxx of this agreement. 9.1.3 The DIC will determine delegation of financial responsibility to Individual Pooled Service Budget Managers who will work through the JCB SRIPCB to commission all appropriate services on behalf of the Parties and provide appropriate information to the Parties and the HCICBSRIPCB. 9.1.4 9.1.3 The Standing Orders and Standing Financial Instructions of the Party by which an Individual Pooled Service Budget Manager is employed shall apply to the management of each Individual Pooled Service Budget through the JCB SRIPCB under this Agreement. The CCG Governing Body and Council Executive should formally record this arrangement in their Standing Orders and Standing Financial Regulations. 9.1.5 9.1.4 The Parties will provide the HCICB, the DIC SRIPCB and the Individual Pooled Service Budget Managers with all the necessary financial and administrative support to enable the effective and efficient management of the Pooled Fund and any Individual Pooled Service Budget. 9.1.6 9.1.5 The Parties will create a clear identifiable accounting structure within their financial systems (e.g. a separate cost centre) to enable effective monitoring and reporting of the Pool Pooled Fund and the budgets of the Individual Pooled Services and the DIC under instruction from the Finance Lead will be responsible for maintaining an overall accounting structure for the Pooled Fund. 9.1.7 9.1.6 The Individual Pooled Service Budget Managers will provide such information as is deemed necessary by the Parties to this Agreement, to the HCICBIntegrated Planning and Commissioning Board, to enable CHANGE effective performance management of the Services provided under this Agreement and any Pooled budget. 9.1.8 9.1.7 The DIC and the Individual Pooled service Service Budget Managers will be accountable for managing their Pooled Service budget Budget and forecasting expenditure and will notify the nominated finance officers of each party who must report to the HCICB Integrated Planning and Commissioning Board on the outputs and outcomes and the achievements of targets as set out in the service plans and objectives. 9.1.9 9.1.8 The DIC and the Individual Pooled Service Budget Managers will be responsible for the management of each specific Individual Pooled Service Budget within financial balance and will in conjunction with the JCB report any potential or actual variations to any Individual Pooled Service Budget and its potential effect upon the Pooled fundFund, as soon as practicably possible to the HCICB, Integrated Planning and in any event at the next meeting of the HCICB Commissioning Board following identification of any such variation; 9.1.10 9.1.9 Individual Pool Pooled Service Budget Managers will follow their own statutory accounting and audit arrangements. A year-end Memorandum Account showing income received, expenditure and any balance remaining shall be prepared by the Pool Pooled Fund Host and sent to the Parties for inclusion in their statutory accounts. 9.1.11 9.1.10 The Parties shall comply, at all times, with HMRC guidance as updated from time to time on VAT in respect of the respective Pooled Service Budgets and their Statutory Finance Officers shall consult with HMRC to agree an appropriate scheme for recovery of VAT.