Schedule 2: The Delivery Authority Statement of required resources
Paragraph 7 requires the Delivery Authority to prepare and submit to the Sponsor Body a statement of the resources it needs to carry out its functions for each financial year. Paragraph 8 allows the Delivery Authority to prepare a supplementary statement of resources for a financial year where there is a change in the resources it requires (whether that be additional resources or reduced resources). The Sponsor Body may approve or reject the Delivery Authority’s statement of resources or supplementary statement of resources. If the Delivery Authority’s statement of resources or supplementary statement of resources is rejected by the Sponsor Body, the Delivery Authority must prepare a fresh statement. If and when such a statement is approved, the Sponsor Body must include it in its estimate or supplementary estimate for the relevant financial year.