191011FinanceCtteePaper1AAFinalOutturn31March19V02

CAIRNGORMS NATION­AL PARK AUTHOR­ITY Fin­ance & Deliv­ery Com­mit­tee Paper | 11/10/19

CAIRNGORMS NATION­AL PARK AUTHOR­ITY FIN­ANCE & DELIV­ERY COMMITTEE

FOR DIS­CUS­SION

Title: FINAL OUT­TURN FOR THE YEAR TO 31 MARCH 2019

Pre­pared by: DANIEL RAL­PH, FIN­ANCE MAN­AGER DAV­ID CAMER­ON, DIR­ECT­OR OF COR­POR­ATE SERVICES

Pur­pose To present an update to the draft out­turn paper for the year to 31 March, 2019 presen­ted to the Fin­ance & Deliv­ery Com­mit­tee on 7^th June 2019.

Recom­mend­a­tions The Fin­ance & Deliv­ery Com­mit­tee is reques­ted to:

a) note the final audited res­ults of the year to 31 March 2019

Exec­ut­ive Summary

1. Revised key tables from the final Annu­al Report and Accounts are repro­duced below which show the out­turn for the fin­an­cial year ended 31 March 2019.
2. The audit con­firmed break­even on resource expendit­ure, a £2,000 over­spend on cap­it­al fund­ing, and a £3,000 over­spend on non-cash (depre­ci­ation) allocation.

Final 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:

Table I

	£,000
Resource and cap­it­al DEL received	4,765
Less net expendit­ure adjus­ted for cap­it­al grants	(4,565)
Less cap­it­al grants given	(20)
Remain­ing C DEL against non-cur­rent assets	180
Less depre­ci­ation	(119)
Trans­fer for year to Tax­pay­ers’ equity	61

Table 2

	Resource DEL £,000	Cap­it­al DEL £,000	Total DEL £,000	Non-Cash DEL £,000	Total DEL £,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:

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.

[Pie chart show­ing: £4.765m = 68% £2.237m=32% £1.585m = 23% £0.672m = 9% Legend: grant in aid pro­ject funding/​recoveries oth­er funding/​recoveries]

[Pie chart show­ing: £2.920m = 42% £2.436m = 36% £1.649m = 24% £0.670m = 10% £1.585m = 23% £0.117m = 2% Legend: pro­ject staff salar­ies core staff costs pro­ject costs oper­a­tion­al plan costs run­ning costs core depreciation]

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

Expendit­ure on main themes was dis­played as:

[Bar chart show­ing: RUR­AL DEVEL­OP­MENT £0.601m SER­VICE DELIV­ERY £1.061m SUP­PORT FOR PARK ECO­NOMY $0.974m SUP­PORT COMUNI­TITES £0.260m HOUS­ING FOR LOC­AL NEEDS £0.391m VIS­IT­OR EXPER­I­ENCE £0.263m ACT­IVE CAIRNGORMS £0.319m INFRA­STRUC­TURE £0.148m CON­SER­VA­TION & LAND MAN­AGE­MENT £.067m MOOR­LAND MAN­AGE­MENT DEER MAN­AGE­MENT LAND­SCAPE SCALE CON­SER­VA­TION £1.101m]

1. Com­par­is­on actu­al out­turn to budget for core expenditure

2. The audit accounts were approved on 6^th Septem­ber by Grant Thornton. The inten­tion is for the accounts to be laid before Scot­tish Par­lia­ment in Octo­ber 2019.

Daniel Ral­ph danielralph@​cairngorms.​co.​uk Dav­id Camer­on davidcameron@​cairngorms.​co.​uk 16 Septem­ber, 2019