200327 Paper 3 Annex 1 CNPA project financing report

This document contains an internal audit report from December 2019 regarding project financing arrangements at Cairngorms National Park Authority (CNPA). The audit, conducted in November and December of 2019, reviewed the design and operating effectiveness of controls around project financing for four projects: LEADER, Tomintoul & Glenlivet Landscape Partnership (T&G), Capercaillie, and the Great Place Badenoch Project (GPB). While the audit found some good practices, it also identified areas for improvement, with an overall moderate level of assurance. Recommendations include regular management review of accounts, better documentation for claims, improved cash flow forecasting for T&G, and regular forecasting of CNPA's year-end position, with project managers needing to submit progress reports to National Lottery Heritage Fund (NLHF) in a timely manner.