top-sliced

top-sliced

A British financial term referring to a reduction in resource allocation applied proportionally across all budget lines.
References in periodicals archive ?
The top-sliced gain is the total gain divided by the total years the plan has been held, or PS8,000.
Head teacher Caroline Pryer said Northumberland County Council top-sliced the school's funding by PS75,000 for the financial year 2012/13 to support smaller schools across the county and this year it is scheduled to lose a further PS59,000.
It is being top-sliced from the formula grant and redistributed via the New Homes Bonus.
Now the companies have been forced to employ private consultants and lawyers - with the cost effectively top-sliced off the headline grant figure.
Far from being a bonus, it finds that many northern local authorities will actually lose cash - because most of the funding from the bonus will be top-sliced from existing grants to local authorities.
Mr Farry has pledged to identify efficiency savings to offset this gap but will also be assisted by funds top-sliced from other Stormont departments, excluding health, justice and education.
Money for the Wales Office is top-sliced off the budget for the National Assembly as well and could be put to far better use in the Assembly.
The group requires all racecourses to agree a prizemoney contract, which would come into play after money raised had been top-sliced to pay for the governance and regulation of the sport.
Mrs Baird added: "Northumbria Police's budget has been repeatedly top-sliced specifically to fund the IPCC and it's about time they started to earn it.
Mr Bailey fears the PS286m top-sliced farm payments may disappear into a funding black hole.
But Chris Keates, general secretary of teaching union NASUWT, said: "Free schools are opened at the expense of neighbouring schools whose already diminishing budgets will be top-sliced to fund them.
Councils are having their budgets top-sliced by pounds 400m - up to seven times more than necessary they complain - with the money going to new academies nationwide to buy in support services, including from private firms.