Common use of Calculation of Grant Clause in Contracts

Calculation of Grant. ▇▇▇▇▇▇ paid to Partner Services will be calculated as follows, based on information provided in the application form: 6.2.1. A base rate consisting of the number of staffed child places in an age group multiplied by Value that applies to age group (see Appendix 2) multiplied by Hours of operation per week multiplied by Weeks open per year. 6.2.2. A payment entitled Graduate Lead Educator Premium (if applicable) calculated for each session as the Number of hours per week led by a graduate multiplied by Weeks per year led by a graduate multiplied by Graduate Lead Educator premium rate (see Appendix 3). This payment is subject to the following conditions: 1 For example, a service who provides five day service type and opens an equivalent four day service type shall apply a maximum fee rate of four-fifths of the five day service type to the four day service type. 2 In the event that a City/County Childcare Committee approves an amended fee list for ECCE or CCSP covering the September 30th 2021 after this date then the approved fee list will take precedence. • The Lead Educator is a graduate with an eligible qualification on the Department’s list of approved qualifications (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/en/publication/297c05-early-years- recognised-qualifications). • The Lead Educator has 3 years of Eligible Paid Experience. • No more than one Graduate Lead Educator premium payment is applicable per ELC room. 6.2.3. A payment entitled Graduate Manager Premium (if applicable) is calculated as the Number of service operating hours per week that the Graduate Manager is working multiplied by Weeks per year the service operates where the Graduate Manager is working multiplied by Graduate Manager Premium rate (see Appendix 3).This payment is subject to the following conditions: • The Manager is a graduate with an eligible qualification on the Department’s list of approved qualifications (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/en/publication/297c05-early-years- recognised-qualifications/). • No more than one Graduate Manager Premium payment is applicable per service.

Appears in 1 contract

Sources: Core Funding Partner Service Funding Agreement

Calculation of Grant. ▇▇▇▇▇▇ paid to Partner Services will be calculated as follows, based on information provided in the application form: 6.2.1. A base rate consisting of the number of staffed child places in an age group multiplied by Value that applies to age group (see Appendix 2) multiplied by Hours of operation per week multiplied by Weeks open per year. 6.2.2. A payment entitled Graduate Lead Educator Premium (if applicable) calculated for each session as the Number of hours per week led by a graduate multiplied by Weeks per year led by a graduate multiplied by Graduate Lead Educator premium rate (see Appendix 3). This payment is subject to the following conditions: 1 For example, a service who provides five day service type and opens an equivalent four day service type shall apply a maximum fee rate of four-fifths of the five day service type to the four day service type. 2 In the event that a City/County Childcare Committee approves an amended fee list for ECCE or CCSP covering the September 30th 2021 after this date then the approved fee list will take precedence. 6.2.2. A payment entitled Graduate Lead Educator Premium (if applicable) calculated for each session as the Number of hours per week led by a graduate multiplied by Weeks per year led by a graduate multiplied by Graduate Lead Educator premium rate (see Appendix 3). This payment is subject to the following conditions: • The Lead Educator is a graduate with an eligible qualification on the Department’s list of approved qualifications (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/en/publication/297c05-early-years- recognised-qualifications). • The Lead Educator has 3 years of Eligible Paid Experience. • No more than one Graduate Lead Educator premium payment is applicable per ELC room. 6.2.3. A payment entitled Graduate Manager Premium (if applicable) is calculated as the Number of service operating hours per week that the Graduate Manager is working multiplied by Weeks per year the service operates where the Graduate Manager is working multiplied by Graduate Manager Premium rate (see Appendix 3).This payment is subject to the following conditions: • The Manager is a graduate with an eligible qualification on the Department’s list of approved qualifications (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/en/publication/297c05-early-years- recognised-qualifications/). • No more than one Graduate Manager Premium payment is applicable per service.

Appears in 1 contract

Sources: Core Funding Partner Service Funding Agreement