Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

YearTotal ExpectedCohort Volume(projected numberof families we willreceive funding for)Paymentoffered asattachmentfee, £EstimatedAttachmentFeeCo-ordinatorgrant &Contributionsin kindTotal TFFunding1 416 3,200 1,331,200 £275,000 £1,606,2002 770 2,400 1,848,000 £275,000 £2,123,0003 167 1,600 267,200 £275,000 £542,200Totall 1353 7200 £825,000 £4,271,4009.3 When developing an expenditure plan, whilst the total expenditure has been containedwithin the estimated total Troubled Families funding, the profile reflects where andwhen the resources need to be applied, not when the funding has been received. Thisis set out in the following table that shows the funding being received before it isapplied, and carried forward in to years 2 and 3, with an expected underspend of£20,583 in totalIn-YearYearTotal TFFunding EstimatedVariance1 £1,606,200 £653,000 £953,2002 £2,123,000 £2,028,000 £95,0003 £542,200 £1,569,817-£1,027,617Total £4,271,400 £4,250,817 £20,5839.4 The current model is based on prudent assumptions of funding but is still dependent onproviding support to the expected number of families and ensuring that expenditure iskept in alignment. The project is set to run for three years and it is not expected thatthere will be any unaccounted residual expenditure at the end of this period.9.4.1 Other Financial Considerations9.4.2 Budget/funding arrangementsBudget/funding arrangementsThe Tri-borough Troubled Families co-ordinator (Head of FRP WCC) is the budget holder.The Troubled Families service will be fully funded externally by the Troubled Families’ attachmentfees and the Co-coordinator Grant. Funding has been secured for 3 years (2012/13, 2013/14and 2014/15) and is dependent on the number of Troubled Families going through the Triboroughprogramme.A revenue budget will need to be created to match the external revenue grant.Page 300