Funding of Capital Items - Disability Services Commission

More documents

Recommendations

Info

Does SPD Fund External Service Providers? Alternative Funding Sources for External Service Providers Does SPD Fund Internal Service Providers? Alternative Funding Sources for Internal Service Providers Government Policy Buy Yes (partially) • Included as part of program support funding • No separate funding • Donations, fundraising, Lotterywest (Govt), sponsorship, bequests • Organisational Reserves Yes • As per the external service providers • CWP for computer acquisitions and recurrent funding for other office equipment. Mixed Operating Assets (eg Computers, Photocopiers, etc.) Lease Yes (partially) • Included as part of program support funding • No separate funding • Organisational Reserves Yes • As per the external service providers • Mixed arrangements for other office equipment funded from recurrent budgets. Where is not available may apply to Corporate Executive for additional funding – where funding is not approved the Directorate is required to absorb cost. • However, internal policy does not allow lease of computers. Page 12 of
Grant Purpose Purchase / Construction of Land and/or Building ATTACHMENT B - TREATMENT OF CSTDA EQUITY ARRANGEMENTS Commission’s Policy Position The Commission will not force sale upon a service provider in which it holds an equity interest. The Commission may consider placing caveats on properties in which it holds an equity interest. The service provider shall not mortgage or encumber in any other way the asset without the prior approval of the Commission. The Commission’s equity interest is determined by the formula prescribed in the capital agreement. In some cases this interest is the “equivalent value of the grant in today’s dollars” and in others it is based on the “original grant amount”. Where a property no longer meets an agency’s requirements, the Commission may consider the transfer of the equity for another purpose. The process for equity transfer will include: − − − − preparation of a supporting business case by the organisation; proceeds from sale to be reinvested in similar disability services; the Commission’s equity interest transfers to the new asset; and Ministerial approval to be obtained to transfer equity. The service provider should advise the Commission where they intend to undertake significant capital improvements which may alter the equity arrangements. The equity arrangements will be adjusted through consultation between parties. Whoever is deemed to control the asset should report the asset on their financial statements. The service provider reporting the asset shall be responsible for the insurance, maintenance and other operational costs associated with the asset. Not Specified Other Capital Items (e.g. plant and machinery) Maintenance / Minor Works The equity interest should be treated as above (by agreement between parties). The Commission relinquishes equity rights to these items. The Commission relinquishes equity rights to these items. Page 13 of
Page 1 and 2: Disability Services Commission Poli
Page 3 and 4: 2. Where capital funding is provide
Page 5 and 6: ATTACHMENT A - POLICY FRAMEWORK FOR
Page 7 and 8: Does SPD Fund External Service Prov
Page 9 and 10: Does SPD Fund External Service Prov
Page 11: Does SPD Fund External Service Prov

Funding of Capital Items - Disability Services Commission

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?