Baseline Funding definition
Examples of Baseline Funding in a sentence
Funding for information technology shall be equal to 6% of annual Baseline Funding.
FNCFS Agencies shall draw from their Baseline Funding to conduct least disruptive measures as required under provincial legislation.
Funding for emergency shall be equal to 2% of annual Baseline Funding.
Funding for results shall be equal to 5% of annual Baseline Funding.
Safety Net Payment received by an authority from central government under the BRRS if BRRS income falls by more than a specified percentage below the Baseline Funding Level.
The meanings of these terms are as follows: Agreement Base Rate Baseline Funding Business Rates Retention Scheme (BRRS) Refers to this document and to Schedule 1 attached thereto.
The underlying basis of allocation is half to the authority that would otherwise be paying a Levy and half to be shared across all Pool Members pro rata to their BRRS Baseline Funding.
Levy A payment due to central government related to BRRS income above Baseline Funding levels.
This is subject to the pool BRRS income not being less than the sum of what Pool Members’ BRRS income would have been in the absence of a Pool; Any additional BRRS income generated because of the Pool will be shared across the Pool; The allocation of any retained resource will reflect where the business rate growth occurred and the Baseline Funding of Pool Members.
The City Baseline Funding Amount and the County Baseline Funding Amount will each be adjusted by the Inflation Factor each year.