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Funding Agreement Part 5TEES VALLEY COMBINED AUTHORITY Adult Education Budget FUNDING RATES AND FORMULA 2022 to 2023July 2022 Version 11|P a g contents Introduction and purpose of the document3Understanding
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Funding policies and guidance are a set of rules and regulations that dictate how funding should be allocated and managed within an organization.
All organizations that receive funding from external sources are required to have and file funding policies and guidance.
Funding policies and guidance can be filled out by detailing the organization's funding sources, allocation process, and any specific requirements or restrictions.
The purpose of funding policies and guidance is to ensure transparency, accountability, and compliance in the management of funds.
Information such as sources of funding, allocation procedures, financial controls, and reporting requirements must be reported on funding policies and guidance.
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