190607FinanceCtteePaper1AADraftOutturn31March19

CAIRNGORMS NATION­AL PARK AUTHOR­ITY Fin­ance & Deliv­ery Com­mit­tee Paper I 07/06/19

CAIRNGORMS NATION­AL PARK AUTHOR­ITY FIN­ANCE & DELIV­ERY COMMITTEE

FOR DIS­CUS­SION

Title: DRAFT OUT­TURN FOR THE YEAR TO 31 MARCH 2019

Pre­pared by: Daniel Ral­ph, Fin­ance Manager

	David Cameron, Director of Corporate Services

Pur­pose

To present the draft out­turn, sub­ject to audit, for the year to 31 March, 2019 to the Fin­ance & Deliv­ery Committee.

Recom­mend­a­tions

The Fin­ance & Deliv­ery Com­mit­tee is reques­ted to:

a) note the unaudited res­ults of the year to 31 March 2019

Exec­ut­ive Summary

1. Key tables from the draft Annu­al Report and Accounts are repro­duced below which show the out­turn for the fin­an­cial year ended 31 March 2019. All the inform­a­tion in this report are sub­ject to audit.

2. Break­even was achieved on resource expendit­ure, a £2,000 over­spend on cap­it­al fund­ing, and a £3,000 over­spend on non-cash (depre­ci­ation) alloc­a­tion. The out­turn is a pos­it­ive achieve­ment in a chal­len­ging and busy year.

Draft Out­turn

1. The fol­low­ing tables, included in the draft unaudited Annu­al Report and Accounts for the year ended 31 March 2019, sum­mar­ises the net expendit­ure for the year and com­pares it to budget alloc­a­tions from Scot­tish Gov­ern­ment togeth­er with a table show­ing the recon­cili­ation of the increase in Tax­pay­ers equity:

---

CAIRNGORMS NATION­AL PARK AUTHOR­ITY Fin­ance & Deliv­ery Com­mit­tee Paper I 07/06/19

Table I

	Resource DEL	Cash Cap­it­al DEL	Total DEL	Non-Cash DEL	Total DEL
	£,000	£,000	£,000	£,000	£,000
Budget
Ori­gin­al allocation	4,565	200	4,765	116	4,881
Out­turn
Net resource expenditure	4,565	-	4565	-	4,565
Net cap­it­al grants	-	20	20	-	20
Depre­ci­ation				119	119
Net Expendit­ure	4,565	20	4,585	119	4,704
Non-cur­rent assets bought	-	182	182	-	182
Total spend	4,565	202	4767	119	4,886
(Over)/underspend	0	(2)	(2)	(3)	(5)
(Over)/underspend %	0%	1%	0.04%	(2.6%)	0.1%

The trans­fer to Tax­pay­ers’ equity for the year is sum­mar­ised as follows:

Table 2

	£,000
Resource and cap­it­al DEL received	4,765
Less net expenditure	(4,585)
Less depre­ci­ation	(119)
Trans­fer for year to Tax­pay­ers’ equity	61

1. Total income, from all sources is repro­duced in the graph below. Note that 33% of all spend by the Park Author­ity was met by recov­er­ies, oth­er income and con­tri­bu­tions by pro­ject partners.

INCOME (£,000)

[Image of a pie chart show­ing income sources]

---

CAIRNGORMS NATION­AL PARK AUTHOR­ITY Fin­ance & Deliv­ery Com­mit­tee Paper I 07/06/19

[Image of a pie chart show­ing expendit­ure sources]

Core staff, includ­ing Board fees, accounts for 64% of Grant-in-aid.

1. The repor­ted out­turn fig­ures are sub­ject to audit by Grant Thornton who were appoin­ted by Audit Scot­land for a 5 year peri­od with ²⁰¹⁸⁄₁₉ being their third year in office. The audit is due to com­mence with a one week on-site vis­it on 17^th June. The audited accounts will be presen­ted to the Audit and Risk com­mit­tee for approv­al and sig­na­ture on 6^th September.

Daniel Ral­ph Dav­id Camer­on I? May 2019

danielralph@​cairngorms.​co.​uk davidcameron@​cairngorms.​co.​uk