Examples of Aligned Fund in a sentence
A selection of such defined terms (as well as other defined terms relevant for the Financial Framework) are included below for ease of reference: Aligned Fund means budgets for commissioning prescribed services ( as set out in Schedule 1 of the s 75 Agreement) which will be managed alongside the Pooled Fund.
Integrated Commissioning Fund means the total of the Pooled Fund and Aligned Fund.
For the avoidance of doubt, an Aligned Fund does not constitute a pooled fund for the purposes of Regulation 7 of the Regulations, and all non-pooled funds referred to in this Agreement shall be Aligned Funds.
The factors that will be considered include: Clarity of the Services to be included in the Integrated Commissioning arrangement and risk share (Pooled Fund and Aligned Fund); Verification of budget determined for each Service; Assumed and modelled trends in demand; Deliverability of the savings targets applied; Sufficiency of the budget applied (e.g. compared with previous year outturn).
For Aligned Fund services the ICB acts as an advisory group making recommendations to the CCG Governing Body, or the COLC Community and Children's Services Committee, or the LBH Cabinet as appropriate, in accordance with the relevant s75 agreement.
Where there is a Lead Commissioning Arrangement the Lead Commissioner is responsible for the management of the Non-Pooled Fund and Aligned Fund.
The factors that will be considered include: • Clarity of the Services to be included in the Integrated Commissioning arrangement and risk share (Pooled Fund and Aligned Fund); • Verification of budget determined for each Service; • Assumed and modelled trends in demand; • Deliverability of the savings targets applied; • Sufficiency of the budget applied (e.g. compared with previous year outturn).
The factors that will be considered include: Clarity of the Services to be included in the Integrated Commissioning Fund and risk shared (Pooled Fund and/or Aligned Fund).
REVIEW Save where the Partnership Board agree alternative arrangements (including alternative frequencies) the Partners shall undertake an annual review (“Annual Review”) of the operation of this Agreement, any Pooled Fund, Non Pooled Fund and Aligned Fund and the provision of the Services within 3 Months of the end of each Financial Year.
Where in Joint or Aligned Commissioning Arrangements either Partner forecasts an overspend in relation to a Partners Financial Contribution to a Non-Pooled Fund or Aligned Fund that Partner shall as soon as reasonably practicable inform the other Partner and the Partnership Board.