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CAIRNGORMS NATIONAL PARK AUTHORITY 
Finance Committee Paper 5 16/05/08 

CAIRNGORMS NATIONAL PARK AUTHORITY 
FINANCE COMMITTEE 


FOR INFORMATION 


Title: 2007/08 BUDGET: FIRST DRAFT OUTTURN 

Prepared by: David Cameron, Head of Corporate Services 
Alistair Highet, Interim Finance Manager 


Purpose 

To present a first draft, unaudited position statement on the outturn for 2007/08. 


Recommendations 

The Finance Committee is requested to: 

a) Note that the first draft outturn for 2007/08 indicates a small surplus (under-spend) 
position of £34,000 (0. 7% of income); 

b) Note that these figures represent an early indication of the outturn, with a significant 
amount of work still to be undertaken on reconciling final project income and 
expenditure, and year-end debtors and expenditure accruals. 


Executive Summary 

Finance Committee has received budget monitoring statements throughout the year, 
highlighting the Authority’s budget management performance against a target of seeking, as 
far as possible, to maximise use of available resources. 

The first draft of the outturn for 2007/08 indicates a small surplus (under-spend) position of 
£34,000 (0. 7% of income) on total budgeted available income to the Authority of £4.601m, 
equivalent to 0.7% of income. 

Figures reported here are preliminary estimates of the outturn position. Considerable work 
remains to be undertaken on reconciling final project income and expenditure, and year-end 
debtors and expenditure accruals. Further updates will be provided to the Committee as we 
prepare the final accounts for external audit review in early June. 




2007/08 BUDGET: FIRST DRAFT OUTTURN – FOR INFORMATION 

Background 

1. Finance Committee has received budget monitoring statements throughout the year, 
highlighting the Authority’s budget management performance against a target of 
seeking, as far as possible, to maximise use of available resources. 

2. This paper presents a first draft, unaudited position statement on the outturn position 
for 2007/08 budgets. 

3. Initial draft outturn figures for 2007/08 are summarised in Table One. This table 
presents cash-based figures, excluding at this stage depreciation and notional cost 
charges, for which the Authority received a separate notional cost resource allocation. 


Actual Year ending 31/03/2008 £'000s
Rev. Budget Year ending 31/03/2008 £'000's
Variance 31/03/2008  £'000s 

Income 

Grant in aid from SE 
4,548 
4,546 
2 

Other income 
84 
55 
29 

Total income 
4,632 
4,601 
31 


Core Expenditure
 
Board costs 
275 
259 
16 

Staff salaries 
2,000 
2,018
 -18 

Staff (other costs) 
210 
212
 -2 

Office costs
 407 
427 
-20 

Total Core Expenditure 
2,892 
2,916 
-24 

Operational Plan expenditure 
1,706 
1,677 
29 

Total expenses 
4,598 
4,593 
5 

Net deficit for the year (notional 
charges) 
34 
8 
26 


4. In brief, Core expenditure appears to have been held at some £24,000 below budgeted 
levels. 

5. Current estimates for Operational Plan activities suggest expenditure at £1.706m – 
around £29,000 higher than the baseline Operational Plan budget of £1.677m. 

6. Outturn income is also slightly higher than forecast. 


David Cameron 
Alistair Highet 
May 2008 

davidcameron@cairngorms.co.uk 
alistairhighet@cairngorms.co.uk