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The Community Works Fund provides annual funding for five years in predictable amounts for eligible local government projects. To access funding, sign and return the CWF Agreement issued by UBCM. The agreement outlines obligations, reporting, and use of funds. Annual cycle includes installments, reporting, and fund balance recording. Funding details include per capita amount floors and population adjustments. It introduces new roles and responsibilities for UBCM and local governments. Obligations include spending on eligible projects, costs, and reporting.
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PURPOSE • To provide annual funding to local governments for five years in relatively predictable amounts.
BASIC TERMS Community Works Fund can be: • Used for eligible projects (Schedule A) • Used to pay for eligible costs (Schedule B) • Provided the recipient abides by the terms and conditions (Schedule C and CWFA) Reporting is the obligation.
HOW TO ACCESS FUNDING • Sign the CWF Agreement (to be distributed by UBCM); • Return the signed Agreement to UBCM; • UBCM will issue your first installment immediately; • Second installment to be issued before the end of November, 2005.
OVERVIEW OF THE CWF AGREEMENT • Recitals • Purpose • Definitions • Commitment of Parties • Role of UBCM • Commitments of local governments
OVERVIEW OF THE CWF AGREEMENT • Contribution provisions • Dispute Resolutions, Default, Remedies and Indemnity • Miscellaneous
OVERVIEW OF THE CWF AGREEMENT • Schedules • A) Eligible Project Categories • B) Eligible Costs for Eligible Recipients • C) Eligible Recipient Accountability Framework • E) Reporting and Audits • G) Communications Protocol
ANNUAL CYCLE • By Dec. 31 • 2 installments from UBCM • On Dec. 31 • Record any expenditure balance • By Jun. 30/06 • Report on use of 2005 funds as at Dec. 31
ANNUAL CYCLE • By Jul. 31/06 • Receive first 06 installment • By Nov. 30/06 • Receive second installment • On Dec. 31 • Record 05/06 fund expenditures and balances • By Jun. 30/07 • Report on use of 2005 funds (what was built)
MORE DETAIL ON FUNDING • Floor plus per capita amount • Floors for • 05/06 $25,000 • 06/07 $25,000 • 07/08 $31,583 • 08/09 $38,478 • 09/10 $50,000 Populations will be BC Stats July 04 that may be adjusted as of the 06 census.
NEW ROLE AND RESPONSIBILITIES • For UBCM • For local government • entitlement funding • For UBCM and local government relationship
WHAT ARE LOCAL GOVERNMENT BASIC OBLIGATIONS • To spend funds on eligible projects (Schedule A) • To pay to eligible cost (Schedule B) • Reporting • Other undertakings • Indemnity
MORE INFORMATION CivicNet www.civicnet.bc.ca