Public Finance 23 Jun 16
- Plymouth City Council and Eastern & Western Devon CCG have set up an integrated finance system for wellbeing under the slogan ‘One system, one budget – the right care, at the right time, in the right place’ covering a large range of integrated services.
- Because it is not possible to pool all funds a workaround was developed so that any funding which cannot be pooled is aligned, with equivalent governance and risk sharing arrangements in place for both pots of money. "In simple terms, £ pooled + £ aligned = £ integrated."
- The integrated fund is underpinned by a financial framework and a risk sharing agreement which sits alongside the section 75 agreement. The Framework sets out the scope of the fund, responsibilities and arrangements for dissolving the agreement, statutory reporting requirements, budget setting, risk sharing and performance management.
