Please note: If your project is delivered under budget the Commissioning Panel reserves the right to reduce its grant proportionally, or where funding has been paid in advance, the recipient organisation may be asked to refund any proportional cost difference. The amount of the Grant Funding shall not be increased in the event of any overspend by your organisation in its delivery of the Approved Project. The Grant Recipient shall promptly notify and repay to the Council any money incorrectly paid to it either as a result of an administrative error or otherwise. This includes (without limitation) situations where either an incorrect sum of money has been paid or where Grant Funding has been paid in error before the Grant Recipient has complied with all conditions attaching to the Grant Funding or the organisation ceases to exist. The Grant Funding offer has been made on the basis that the costs presented within your application take account of all VAT liabilities. Where the project costs increase after the date that you have entered into this Agreement because an error has been made as to the amount of VAT payable and not recoverable by you, the Commissioning Panel shall be under no obligation to increase the Grant Funding to meet any VAT liability of your project. The Commissioning Panel will not award or release funds to cover the costs of goods or services received prior to the issue of its letter offering grant support.
Please note: If your project is delivered under budget the Commissioning Panel reserves the right to reduce its grant proportionally, or where funding has been paid in advance, the recipient organisation may be asked to refund any proportional cost difference. The amount of the Grant Funding shall not be increased in the event of any overspend by your organisation in its delivery of the Approved Project. The Grant Recipient shall promptly notify and repay to the Council any money incorrectly paid to it either as a result of an administrative error or otherwise. This includes (without limitation) situations where either an incorrect sum of money has been paid or where Grant Funding has been paid in error before the Grant Recipient has complied with all conditions attaching to the Grant Funding or the organisation ceases to exist. The Grant Funding offer has been made on the basis that the costs presented within your application take account of all VAT liabilities. Where the project costs increase after the date that you have entered into this Agreement because an error has been made as to the amount of VAT payable and not recoverable by you, the Commissioning Panel shall be under no obligation to increase the Grant Funding to meet any VAT liability of your project. The Commissioning Panel will not award or release funds to cover the costs of goods or services received prior to the issue of its letter offering grant support.