SCHEDULES
SCHEDULE 4Funding: Sponsor Body's Estimates
PART 1Introduction
Assessment of expenditure
2
1
The Delivery Authority must, at least once during each assessment period that begins during phase one, assess the total amount of phase one expenditure.
2
That amount is to be found by adding together—
a
the amount of phase one expenditure that has already been incurred, and
b
the amount of further phase one expenditure that the Delivery Authority expects to be incurred.
3
The Delivery Authority must, at least once during each assessment period that begins during phase two, assess the total amount of phase two expenditure.
4
That amount is to be found by adding together—
a
the amount of phase two expenditure that has already been incurred, and
b
the amount of further phase two expenditure that the Delivery Authority expects to be incurred.
5
In this paragraph “assessment period” means—
a
the period of 6 months beginning with the first day on which any provision of this Schedule comes into force, and
b
each subsequent period of 6 months.
6
The Delivery Authority must give the Sponsor Body an assessment under this paragraph as soon as practicable after it is made.
7
In this Schedule—
a
“phase one cost assessment” means an assessment under sub-paragraph (1);
b
“phase two cost assessment” means an assessment under sub-paragraph (3).