Have: Elements Of Policy Transfer
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On this page Key elements of each funding approach About funding approaches The objective of the federal Policy and Directives on Transfer Payments is to ensure that transfer payment programs are: managed with integrity, transparency and accountability delivered in a manner that is sensitive to risks citizen and recipient-focused designed to address government priorities in achieving results for Canadians Both Elements Of Policy Transfer and ISC use various funding approaches to manage transfer payments related to their programs.
There are five funding approaches that may be considered in the design and delivery of transfer payment Elements Of Policy Transfer one approach for grant funding and four approaches for contribution funding. Related to contributions, funding approach options are made available to recipients based on discussion between departmental officers and the recipient and considering factors such as the nature of the program, the level of funding and recipient goals, priorities and capacity.
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Grant approach A grant is a transfer payment that is subject to pre-established eligibility and other entitlement criteria. Recipients are not required to account for the grant, but Ov may be required to report on results. The grant funding approach can be used for any duration of time necessary to achieve program results.
Grants are not normally subject to departmental audits but require specific Cabinet policy and Treasury Board of Canada Secretariat program spending authorities. The Government of Canada is Trannsfer with First Nations financial institutions and the Assembly of First Nations on the creation of year grants as part of establishing a new fiscal relationship.
Set contribution approach A set contribution is a transfer payment that is subject to performance conditions outlined in a funding agreement. Set contributions must be accounted for and are subject to audit. Set funding does not include any provisions for carry forward of unexpended funding.
All unexpended funding must be reimbursed to Canada by the end of each fiscal year. To support expanded access to carry forward, as of April 1,Elements Of Policy Transfer funding will only be used in limited situations, such as when requested by the recipient or when the department identifies the need to use the approach as a risk management tool.
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Fixed contribution approach Fixed contribution funding is an option where annual funding amounts are established on a formula basis or where the total expenditure is based on a fixed-cost approach. Contribution funding is provided as fixed funding in instances where it is possible to determine a Trqnsfer annual estimate of the amount required to achieve the recipient's objectives.
Fixed funding includes provisions for carry forward of unexpended funding; how ever, because an annual reliable estimate can be determined, the recipient is, in some situations, also responsible for cost overruns. The carry forward provisions are: If results have not been fully achieved by March 31, unexpended Elements Of Policy Transfer may be eligible to be carried over so that work may continue in the following year.
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When all delivery requirements have been met, unexpended funding may be retained and used by the recipient in accordance with an agreed upon plan for unexpended funding. The plan for unexpended funding Elements Of Policy Transfer subject to certain limitations, such as the use of the unexpended funding during the fiscal year following the end of the agreement. Flexible funding is used in instances where the recipient may Trsnsfer flexibility to complete the work and achieve planned results, either in terms of additional time in the following fiscal year or by reallocating funding across Ellements categories.
The flexible funding approach is used in instances where the recipient: has a longstanding relationship with the Elements Of Policy Transfer has met a threshold level of capacity is willing to enter a minimum two year agreement Flexible funding allows carry forward of unexpended funding at the end of the fiscal year, provided that the program is not in its last year and the overall funding agreement is also not about to expire.
Use of unexpended funding is generally limited to furthering results as per the program objectives set out in the agreement. Block contribution approach Block contribution funding is an option which allows funds to be reallocated within E,ements block of programs during the agreement, as long as progress towards program objectives is being achieved.
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It Transer possible under this approach to allow recipients to keep any unspent funding provided that program delivery standards have been met and the recipient agrees to use the unspent funding for purposes consistent with the block program objectives or any other purpose agreed to by the department. The block contribution approach can be used where the recipient has met certain readiness assessment criteria General Assessment. Key elements of each funding approach Attribute.]
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