220812ResourcesCtteePaper2AAEstimated Outturn 2122

CAIRNGORMS NATION­AL PARK AUTHOR­ITY Resources Com­mit­tee Paper 2 12^th August 2022

CAIRNGORMS NATION­AL PARK AUTHOR­ITY RESOURCES COMMITTEE

FOR DIS­CUS­SION

Title: ²⁰²¹⁄₂₂ ESTIM­ATED OUTTURN

Pre­pared by: DAV­ID CAMER­ON, DIR­ECT­OR OF COPOR­ATE SERVICES

Pur­pose

This paper presents an estim­ated out­turn pos­i­tion for the ²⁰²¹⁄₂₂ fin­an­cial year.

Recom­mend­a­tions

The Resources Com­mit­tee is asked to: a) Con­sider the estim­ated out­turn pos­i­tion for the ²⁰²¹⁄₂₂ financial;

Over­view

1. The fin­ance team are now near com­ple­tion of clos­ing down the accounts for the ²⁰²¹⁄₂₂ fin­an­cial year with extern­al audit expec­ted to com­mence in July 2022.

2. The ini­tial draft out­turn fig­ures for the ²⁰²¹⁄₂₂ fin­an­cial year, as at April 2022, were repor­ted to the pre­vi­ous meet­ing of the Com­mit­tee and are repeated in the table below. The cur­rent estim­ated out­turn pos­i­tion is sum­mar­ised below.

²⁰²¹⁄₂₂ Out­turn estimates

	Budgeted Fund­ing Level	Net Over (under) Spend April 22	Net Over (under) Spend July 22
	£000	£000 %	£000 %
Core	7,104	(36) ‑0.5%	(14) ‑0.2%
Pro­grammes Peatland	2,290	(118) ‑6.4%	(114) ‑5.0%
Biod­iversity funds	196	(35) ‑17.9%	(31) ‑15.8%
Total Scot Gov and gen­er­ated funding	9,590	(189) ‑1.97%	(159) ‑1.66%

1. The cur­rent, updated pos­i­tion rep­res­ents a slight improve­ment from the pos­i­tion repor­ted to the Com­mit­tee in May 2022 and brings the draft out­turn pos­i­tion even closer to the break-even res­ult targeted.

2. Over­all, the pos­i­tion against total Scot­tish Gov­ern­ment grants (cap­it­al and resource com­bined) and income gen­er­ated by the Authority’s activ­it­ies is estim­ated at an under­spend of £159,000 against £9,590,000 total income, an under­spend of 1.7% of total income. In accom­mod­at­ing a sig­ni­fic­ant step change in total income from £5,390,000 in ²⁰²⁰⁄₂₁ over anoth­er year of oper­a­tions restric­ted to some extent by COV­ID meas­ures, this is seen to be a very pos­it­ive result.

3. The main com­pon­ent of the under­spend con­tin­ues to relate to cap­it­al expendit­ure on peat­land res­tor­a­tion. The Author­ity had reappraised our likely peat­land cap­it­al expendit­ure in Novem­ber and agreed a repro­fil­ing of £442,000 in cap­it­al alloc­a­tions into future years. The final pos­i­tion reflects a phas­ing issue with some pro­jects not quite com­plet­ing before 31 March and asso­ci­ated expendit­ure fall­ing into the ²⁰²²⁄₂₃ fin­an­cial year.

4. Man­age­ment of core expendit­ure across staff­ing, run­ning costs and oper­a­tion­al plan invest­ment is very close to budget expect­a­tion, at only £14,000 or 0.2% under­spent against a £7,104,000 budget.

5. These fig­ures now final for sub­mis­sion to extern­al audit. Some move­ment may arise as a con­sequence of iden­ti­fic­a­tion of any mat­ters brought up through the audit pro­cess. Fur­ther updates will be brought as appro­pri­ate to this Com­mit­tee and to the Audit and Risk Com­mit­tee with its respons­ib­il­ity for over­see­ing the extern­al audit of the final accounts.

Dav­id Camer­on 3 August 2022 davidcameron@​cairngorms.​co.​uk