Purpose of the Funding Sample Clauses
Purpose of the Funding. 3.1. LAHF funding has been provided specifically for spending on LAHF priorities and the Council agrees to spend LAHF funding on activity set out in this MOU as agreed by DLUHC or subsequently agreed by DLUHC as per Paragraph 4.4.
3.2. DLUHC will part fund the cost of the Council obtaining properties for use by households that meet the eligibility criteria. The Council will use its best endeavours to meet the delivery target and to achieve value for money. DLUHC’s contributory share of funding (‘the average grant rate per unit’) should not exceed the maximum described below but the grant per unit for individual properties can be higher.
3.3. The maximum average grant rate per unit (for the portfolio of properties, not individual purchases) for the main element is 40% of the costs the council charges to its capital budget plus £20,000 per property. Eligible costs funded by the 40% and the £20,000 per property could include the purchase price, stamp duty, surveying, legal and other fees, refurbishments, energy efficiency measures, decoration, furnishings, or otherwise preparing the property for rent and potentially irrecoverable VAT incurred on these items. The Council should ensure it complies with the Code of Practice for Local Authority Accounting.
3.4. The maximum average grant rate per unit (for the portfolio of properties, not individual purchases) for the bridging element is 50% of the costs the council charges to its capital budget plus £20,000 per property. Eligible costs funded by the 50% and the £20,000 per property could include the purchase price, stamp duty, surveying, legal and other fees, refurbishments, energy efficiency measures, decoration, furnishings, or otherwise preparing the property for rent and potentially irrecoverable VAT incurred on these items. The Council should ensure it complies with the Code of Practice for Local Authority Accounting.
3.5. The Council can determine how it uses the £20,000 per property and can choose how much of the grant is to be spent on each individual property.
3.6. The Council or its delivery partner(s) will fund the outstanding share for each property.
3.7. The funding provided by DLUHC in Q4 2022/23 (‘the Year 1 allocation’) is 30% of the total allocation. The funding provided by DLUHC in 2023/24 (‘the Year 2 allocation’) is 70% of the total allocation. Both are set out in Table 1. Year 1 allocation Year 2 allocation Total allocation Properties for households that meet the eligibility criteria for this...
Purpose of the Funding. 4.1. LAHF R3 funding has been provided specifically for spending on LAHF R3 priorities as specified at 2.2 to deliver properties for use by households that meet the LAHF R3 eligibility criteria and the Council agrees to spend LAHF R3 funding on activity set out in this MOU as agreed with MHCLG or subsequently agreed with MHCLG as per Paragraph 5.5.
4.2. LAHF R3 funding is unlikely to meet all the Council’s acquisition/ delivery costs. The Council or its delivery partner(s) will fund any outstanding sum required.
4.3. The Council will use its best endeavours to meet the delivery target and to achieve value for money. The Council should ensure it complies with the Code of Practice for Local Authority Accounting.
4.4. The Council may determine how it uses the total allocation and the revenue funding as long as the delivery target and the new home delivery target are met.
4.5. Revenue funding has been provided to the Council for any activities which support delivery of the total allocation, including but not limited to programme/ administration resource or professional services (e.g., fees, conveyancing). Revenue funding will be paid in full alongside the Tranche 1 allocation.
Purpose of the Funding. 3.1. The UKSPF allocation remains as set out in the published UKSPF allocations and is being provided to deliver the Fund’s priorities, outputs and outcomes as set out in the investment plan and accompanying expenditure and deliverables spreadsheets agreed by the Secretary of State or subsequently agreed by the Secretary of State as per section 9.
3.2. Funding should be used to meet the costs of implementing your investment plan. The Lead Local Authority can make changes to the investment plan agreed by the Secretary of State. The scale, type and process for making changes is set out in published guidance.
3.3. Details of the annual funding allocation, broken down into capital and revenue funding, will be confirmed in the annual grant determinations.
Purpose of the Funding. 3.1. LAHF R2 funding has been provided specifically for spending on LAHF R2 priorities and the Council agrees to spend LAHF R2 funding on activity set out in this MOU as agreed by DLUHC or subsequently agreed by DLUHC as per Paragraph 4.4.
3.2. DLUHC will part fund the cost of the Council obtaining properties for use by households that meet the eligibility criteria. The Council will use its best endeavours to meet the delivery target and to achieve value for money. DLUHC’s contributory share of funding (‘the average grant rate per unit’) should not exceed the maximum described below but the grant per unit for individual properties can be higher.
3.3. The maximum average grant rate per unit (for the portfolio of all properties, not individual purchases) is calculated as 40% of the costs of acquisition or refurbishment that the council charges to its capital budget plus £20,000 per property. Eligible costs funded by the 40% and the £20,000 per property could include the purchase price, stamp duty, surveying, legal and other fees, refurbishments, energy efficiency measures, decoration, furnishings, or otherwise preparing the property for rent and potentially irrecoverable VAT incurred on these items. The Council should ensure it complies with the Code of Practice for Local Authority Accounting.
3.4. The Council can determine how it uses the £20,000 per property and can choose how much of the grant is to be spent on each individual property.
3.5. The Council or its delivery partner(s) will fund the outstanding share for each property.
3.6. The funding will be provided by DLUHC in two tranches. The ‘Tranche 1 allocation’ is 30% of the total allocation. The ‘Tranche 2 allocation’ is 70% of the total allocation. Both are set out in Table 1. Table 1 – Funding allocation Tranche 1 allocation Tranche 2 allocation Total allocation Total funding £306,000 £714,000 £1,020,000
Purpose of the Funding. The Recipient shall use the Funding only for the Approved Use more particularly detailed in Schedule 1 and in accordance with the terms and conditions set out in this Agreement. The Funding shall not be used for any other purpose without the prior written agreement of the Council.
Purpose of the Funding. 5.1 To support services which deliver outcomes as mentioned in AEH-CSN Action Plan 2015/2016.
Purpose of the Funding. Agreement
1.1 THE EFA is an executive agency of the Department of Education, exercising powers on behalf of the Secretary of State and is acting on behalf of the Crown. Under the Education Xxx 0000, the Secretary of State may give or make arrangements for the giving of grants to any person for or in connection with the provision in the UK of education or of educational funding agreement activities.
1.2 The funding for the supply of these Activities in respect of High Needs Pupils and Students by THE NMSS is provided by both THE EFA and the local authority which is responsible for meeting the pupil and student’s needs.
1.3 For High Needs Pupils and Students THE EFA will pay THE NMSS an amount equal to £10,000 per annum for each place allocated based on the January 2015 School Census data..
1.4 Top-up funding (Element 3) is funding the local authority and THE NMSS agree is required above place funding for each pupil under the age of 16 and student 16 to 19, to meet the total cost of education provision required by a High Needs Pupil and Student as assessed by the commissioning local authority. The top-up funding will be agreed and contracted for directly between the local authority and THE NMSS.
1.5 This Funding Agreement sets out the terms and conditions under which grant funding and annual allocation funding is provided to THE NMSS by the EFA. This Funding Agreement is not a contract for services. The terms and conditions relating to annual allocation funding will be updated annually. The EFA has complete discretion in deciding the amount of funding that shall be paid in each funding year. In exercising this discretion the EFA shall consider all relevant factors, including but not limited to, the Activities of THE NMSS in so far as they relate (in any way) to EFA funding and/or the EFA Conditions of Funding.
1.6 The Activities to be funded by THE EFA and delivered pursuant to this Funding Agreement will be core education and support, up to the cost indicated by the per place funding thresholds specified in clause 1.2 for all High Needs Pupils and Students. A separate agreement will be entered into by the local authority and THE NMSS, where appropriate, to specify the terms and conditions governing any top- up (Element 3) funding paid by the local authority to THE NMSS.
Purpose of the Funding. The Board will use the Funding solely for the purpose of providing the RTLB Service as described in Schedule 2.
(a) The Board acknowledges that it is receiving public funds appropriated for the purpose of providing the RTLB Service and will ensure that the funds are used prudently and only for that purpose. Unless the Ministry consents in writing to surplus funds being used by the Board to support RTLB service after the period of this agreement, all surplus funds must be returned to the Ministry.
(b) The Board should work to use allocated resources with-in the term of each funding agreement and note that the Ministry may manage surpluses in 2024 (for 2022 and 2023) and in 2027 (for 2024 to 2026).
(c) At the end of each funding agreement and based on the relevant financial reports, the Ministry will inform clusters how any accumulated surplus funds will be managed. In 2024 and 2027, until this advice is received, Lead Schools must retain surpluses and note that decision-making about the use of surplus funds sits with the Ministry.
(d) The Board will manage its budgeting, expenditure, delegation, and accounting in the normal manner. The regular audit of the Board’s accounts will cover the use of RTLB Service funding.
Purpose of the Funding. The funding provided is to support the core running costs of Make the Sunshine CIC. By core running costs we mean a contribution towards core salaries (permanent rather than temporary project staff), rent and utilities.