Meeting papers

DEFINITIONS

                  The process by which a recipient provides written proof that grant funds were
Acquittal         used according to the funding agreement, ensuring efficient and effective use or
                  demonstrating community value.

                  An organisation that takes responsibility for ensuring grant funds are used as
Auspice           specified, including signing the funding agreement, managing funds, overseeing
                  the project, and ensuring timely acquittal.


Business          An entity engaged in commercial, industrial, or professional activities for profit,
                  including sole traders, companies, or partnerships.


Community         A group of people residing within the Noosa Shire local government area.

Community
Purpose           A purpose that serves the public interest of Noosa Shire residents.

Funding           A legal agreement entered into by the successful applicant and Council noting
Agreement         the obligations of both parties.

                  Funds awarded through a formal program for a specific purpose aligned with
Grant             Council policy, based on merit and subject to a written agreement outlining
                  accountability.

                  Instructions outlining the purpose, key dates, assessment criteria, application
Guidelines        process, and acquittal requirements for a grant.

Individuals       A single person engaged in activities that benefit the community.

Not-for-profit
                  An incorporated organisation focused on providing community services,
community         operating without direct or indirect profit for its members, both during operations
organisation      and upon winding up.

                  Incorporated Associations (under state legislation, often with 'Association,'
                  'Incorporated,' or 'Inc.' in their name); Incorporated Cooperatives (under state
Organisations     legislation, typically with 'Cooperative' in their name); Companies (under the
                  Corporations Act 2001, either proprietary or public); and Aboriginal Corporations
                  (under the Corporations (Aboriginal and Torres Strait Islander) Act 2006).

Public Interest   The welfare of the general public, as opposed to the interests of an individual or
                  group.


Transparency      The openness in administering funds and fulfilling obligations between entities.




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