www.
waikatoriver
.org.nz
2.4 General requirements for all applicants
In addition to each application meeting the criteria outlined above, all prospective applicants
must meet the following general criteria:
•
GST
All funding applications
must
refer to
GST inclusive
figures at all times. Because the Waikato
River Clean-up Trust receives its funding from the Crown in GST inclusive amounts, all funding
business will be conducted in this way.
•
Legal Entity
Funding applicants must be a legal entity in New Zealand, and projects over $10,000 must be
GST registered. Applicants must not be currently registered as bankrupt or insolvent.
•
Trust Indemnified
If the Trust su ers any loss or damage as a result of any act or omission of a Recipient, its
employees, agents or contractors, the Recipient shall fully indemnify the Trust.
• Deed of Funding
All successful applicants will be subject to the terms and conditions of the Waikato River
Clean-up Trust – The Deed of Funding (available from
). The Deed of
Funding, which represents the funding contract between the Authority and the Recipient, must
include a detailed project plan. This plan, at a minimum, shall contain:
- Deliverables
- Key tasks
- Milestones
- A project cash flow.
• Co-funding
The Authority anticipates that all successful applications will have an element of co-funding
included as part of their project. The greater the level of co-funding, the greater the weight
the Trust will give to the application. Quantified in-kind funding may constitute an element of
co-funding as may funding from other sources.
•
Financial and Reporting Systems
The Authority requires all applicants to maintain sufficient financial and reporting processes
to provide confidence that any funds awarded are used in the most appropriate manner to
achieve the objectives of the project.
2.5 Other matters for consideration
The Trust considers it advantageous if new funding projects are related to adjacent or nearby
restoration and/or protection projects, and/or build on existing initiatives.
The Trust recognises set-up costs may be required as part of applications for funding and these
costs may include research, tools, training and extension programmes. They must not include any
capital purchases.
The Trust encourages applicants for projects to consult with the appropriate Waikato River Iwi
who hold mana whenua relevant to the project area.
The Trust will not fund works that are required arising from the statutory planning framework
within the Waikato region.
The ‘polluter pays’ principle will apply to projects and the Trust will not generally fund a project
to address discharges or contamination that are the responsibility of the entity that created them.
In exceptional circumstances the Trust may consider funding projects with a high degree of public
good on a co-funding basis with polluters.
Waikato River Clean-up Trust
Funding Strategy
2014/15
11
