Meeting papers

In accordance with its Strategic Plan, ZEN Inc. will :

           I.    Fund the majority of its projects through grants, dona�ons and diversified funding
                 sources
          II.    Work coopera�vely with Council and community in the iden�fica�on and
                 development of its ac�vi�es and projects to assist with implemen�ng the Climate
                 Change Response Plan and achieve net zero emissions for the Noosa Shire.



3. FUNDING OPERATIONAL EXPENSES
    a) ZEN Inc. must, by no later than the end of February in each financial year, provide Council
       with details of its Funding requirements for Opera�onal Expenses for the next financial year.
       Council will consider the informa�on provided by ZEN Inc. as part of its annual budget
       process.
    b) ZEN Inc. must, by no later than the end of February in a financial year, also provide to Council
       a Proposed Opera�onal Plan together with such informa�on as may be reasonably required
       by Council so that Council may assess the Funding request including but not limited to, the
       current ZEN Inc. Strategic plan, itemised dra� budget and current financial balance sheet.
    c) Discussions between ZEN Inc. and Council about Funding will take into account each of the
       following:
         I. Any ongoing commitments as provided for in clause 5.2 of this Agreement; and
        II. Council's annual budget process and overall funding constraints.
    d) The amount of any Council contribu�on towards the Opera�onal Expenses for the financial
       year will be determined by Council as part of its annual budget process and will, in any event
       be subject to Clause 6 – Funding Condi�ons.
    e) Payments are subject to GST where applicable having regard to the type of transac�on under
       Australian Taxa�on legisla�on.

4. FUNDING PROJECTS
    a) As far as is possible ZEN Inc. will fund the majority of its projects through grants, dona�ons
       and sponsorships and in-kind contribu�ons from third par�es, including its project partners.
    b) In addi�on to seeking third party funding ZEN Inc. may also choose to apply for relevant
       grants under Council’s Grant Programs. These will be assessed against other applica�ons
       received and the total amount allocated to the relevant grants program.
    c) In addi�on to funding the Opera�onal Expenses of ZEN Inc. under clause 3,Council
       may request ZEN Inc. to provide services on a commercial basis,
       e.g undertake/facilitate studies or projects relevant to Council's role in the implementa�on
       of the Climate Change Response Plan.
       .



5. PAYMENTS
    5.1. How payments are to be made
    a) Council shall pay the Funding to ZEN Inc. by electronic transfer to a bank account (or
       accounts) as no�fied in wri�ng to Council by ZEN Inc, with such bank accounts being In the
       name of ZEN Inc. and such accounts being solely under the control of ZEN Inc.



Partnership Agreement between Noosa Council and ZEN Inc Inc 2023 – 2026           Page 2 of 14

                                                                                                        Page 9 of 68

In accordance with its Strategic Plan, ZEN Inc. will :
          I.    Fund the majority of its projects through grants, donations and diversified funding
                sources
          ll.   Work cooperatively with Council and community in the identification and
                development of its activities and projects to assist with implementing the Climate
                Change Response Plan and achieve net zero emissions for the Noosa Shire.

3.  FUNDING OPERATIONAL EXPENSES
    a)  ZEN Inc. must, by no later than the end of February in each financial year, provide Council
        with details of its Funding requirements for Operational Expenses for the next financial year.
        Council will consider the information provided by ZEN Inc. as part of its annual budget
        process.
    b)  ZEN Inc. must, by no later than the end of February in a financial year, also provide to Council
        a Proposed Operational Plan together with such information as may be reasonably required
        by Council so that Council may assess the Funding request including but not limited to, the
        current ZEN Inc. Strategic plan, itemised draft budget and current financial balance sheet.
    c)  Discussions between ZEN Inc. and Council about Funding will take into account each of the
        following:
          |.  Any ongoing commitments as provided for in clause 5.2 of this Agreement; and
         Il. | Council's annual budget process and overall funding constraints.
    d)  The amount of any Council contribution towards the Operational Expenses for the financial
        year will be determined by Council as part of its annual budget process and will, in any event
        be subject to Clause 6 — Funding Conditions.
    e)  Payments are subject to GST where applicable having regard to the type of transaction under
        Australian Taxation legislation.

4,  FUNDING PROJECTS
    a)  As far as is possible ZEN Inc. will fund the majority of its projects through grants, donations
        and sponsorships and in-kind contributions from third parties, including its project partners.
    b)  In addition to seeking third party funding ZEN Inc. may also choose to apply for relevant
        grants under Council’s Grant Programs. These will be assessed against other applications
        received and the total amount allocated to the relevant grants program.
    c)  In addition to funding the Operational Expenses of ZEN Inc. under clause 3,Council
        may request ZEN Inc. to provide services on a commercial basis,
        e.g undertake/facilitate studies or projects relevant to Council's role in the implementation
        of the Climate Change Response Plan.

5.  PAYMENTS
    5.1. How payments are to be made
    a)  Council shall pay the Funding to ZEN Inc. by electronic transfer to a bank account (or
        accounts) as notified in writing to Council by ZEN Inc, with such bank accounts being In the
        name of ZEN Inc. and such accounts being solely under the control of ZEN Inc.

Partnership Agreement between Noosa Council and ZEN Inc Inc 2023 — 2026        Page 2 of 14

                                                                                                 Page 9 of 68