Common use of TRANSITION BUDGET Clause in Contracts

TRANSITION BUDGET. 9.1 The financial relationship between the Authorities is further detailed in Schedule 4 of this Agreement. 9.2 The Authorities agree that for the Transition Period the Integrated Service shall continue to be subject to the financing arrangements that currently apply in relation to the three individual adoption service teams. 9.3 During the Transition Period, all recurrent costs which are not directly attributable to the establishment of the Integrated Service, including but not limited to staffing and premises will be met by the individual Authority budget. For the avoidance of doubt this includes any redundancy or other payments relating to savings identified in each Council’s Medium Term Financial Strategy (MTFS). 9.4 During the Transition Period, any cost attributable to the creation and functioning of the Integrated Service, including but not limited to additional insurance premium payable by the Host Authority shall be shared and apportioned in accordance with Schedule 4. 9.5 After the expiration of the Transition Period the Host Authority, NPT and Bridgend agree to contribute to a pooled fund which shall be separately documented in the Main Agreement.

TRANSITION BUDGET. 9.1 The financial relationship between the Authorities is further detailed in Schedule 4 of this Agreement. 9.2 The Authorities agree that for the Transition Period the Integrated Service shall continue to be subject to the financing and governance arrangements that currently apply in relation to the three individual adoption service teams. 9.3 During the Transition Period, all recurrent costs which are not directly attributable to the establishment of the Integrated Service, including but not limited to staffing and premises will be met by the individual Authority budget. For the avoidance of doubt this includes any redundancy or other payments relating to savings identified in each Council’s Medium Term Financial Strategy (MTFS). 9.4 During the Transition Period, any cost attributable to the creation and functioning of the Integrated Service, including but not limited to additional insurance premium payable by the Host Authority shall be shared and apportioned in accordance with Schedule 4. 9.5 After the expiration of the Transition Period the Host Authority, NPT and Bridgend agree to contribute to a pooled fund which shall be separately documented in the Main Agreement.