3.2 Funding types
The service agreement schedules contain three types of funding.
Base funding
Base funding is also called recurrent or ongoing funding. Funding is provided to the organisation on an ongoing basis, subject to satisfactory delivery of services. Base funding may be changed via negotiation and a variation to the service agreement or via adjustments to the service agreement.
Organisations should refer to the Budget Build reports, available via secure logon on the Funded Agency Channel (https://fac.dhs.vic.gov.au/home.aspx), to view projected funding for future years.
Non-base funding
Fixed term or non-recurrent funding that can be paid over one or more financial years. Non-base funding may be paid as a lump sum or over the period services are to be provided.
Minor capital
Funding specifically for the purchase of a physical asset.
Viewing future funding amounts
The service agreement schedules 2 and 3 show funding for a single financial year.
The Budget Build reports, available via secure logon on the Funded Agency Channel, provide a three year outlook of projected funding for an organisation. Organisations should access the Budget Build reports on FAC to view projected funding for future years.