230630ResrouesctteePaper22022-2023EstimatedOutturn

Cairngorms Nation­al Park Author­ity Ugh­dar­ras Pàirc Nàiseanta a’ Mhon­aidh Ruaidh Resource Com­mit­tee Paper 2 30 June 2023 Page 1 of 2

For dis­cus­sion Title: ²⁰²²⁄₂₃ Estim­ated out­turn Pre­pared by: Louise Allen, Head of Fin­ance and Cor­por­ate Operations

Pur­pose This paper presents an estim­ated out­turn pos­i­tion for the ²⁰²²⁄₂₃ fin­an­cial year

Recom­mend­a­tions The Resources Com­mit­tee is asked to: a) Con­sider the estim­ated out­turn pos­i­tion for the ²⁰²²⁄₂₃ fin­an­cial year

Over­view

1. The fin­ance team are clos­ing down the accounts for the ²⁰²²⁄₂₃ fin­an­cial year. The pro­cess is pro­gress­ing well, in anti­cip­a­tion of the annu­al extern­al audit, which is sched­uled to take place in late September/​October 2023. While the final pos­i­tion will not be estab­lished until the audit is com­plete (Novem­ber 2023) the draft fig­ures are con­sidered a fair indic­a­tion of the fin­an­cial per­form­ance for the year.
2. The cur­rent estim­ated out­turn pos­i­tion for ²⁰²²⁄₂₃ is sum­mar­ised below:

	Budgeted fund­ing level	Net over/​(under) spend
	£’000	£’000	%
Core
Resource	7,472	1.85	0.0%
Cap­it­al	600	0.00	0.0%
Pro­grammes
Peat­land	2,214	(250)	(11.3%)
Biod­iversity funds	350	(1.89)	(0.5%)
Total Scot­tish Gov­ern­ment and gen­er­ated funding	10,636	(250)	(2.4%)

Cairngorms Nation­al Park Author­ity Ugh­dar­ras Pàirc Nàiseanta a’ Mhon­aidh Ruaidh Resource Com­mit­tee Paper 2 30 June 2023 Page 2 of 2

1. 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 £250,000 against £10,636,000 total income, an under­spend of just under 2.4% of total income.
2. The main com­pon­ent of the under­spend relates to cap­it­al expendit­ure on peat­land res­tor­a­tion. The Com­mit­tee is aware of the chal­lenges exper­i­enced in con­tract­ing work because of lack of capa­city amongst con­tract­ors in the loc­al market.
3. The draft res­ult is out­side the tar­get KPI of final out­turn with­in +1% to ‑2% of total income. Nev­er­the­less, it rep­res­ents strong per­form­ance in the face of the chal­lenges experienced.
4. Man­age­ment of core expendit­ure across staff­ing, run­ning costs and oper­a­tion­al plan invest­ment is very close to budget expect­a­tion, at only £1,854 or 0.025% under­spent against a £7,472,000 budget.
5. As noted at the out­set of this paper, these fig­ures may change as the fin­ance team final­ise the clos­ing pos­i­tion. Fur­ther updates will be brought to this Com­mit­tee and to the Audit and Risk Com­mit­tee with its respons­ib­il­ity for over­see­ing the extern­al audit of the final accounts.

Louise Allen Louiseallen@​cairngorms.​co.​uk