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James Davies Clerk of the Committee Business Innovation & Skills Committee House of Commons 7 Millbank London SW1P 3JA 28 February 2013 Dear 2012-13 UKTI ESTIMATES MEMORANDUM HM Treasury guidance in Supply Estimates: a guidance manual specifies that departments are required to provide an 'Estimates Memorandum' to their Select Committee explaining the allocations sought in the Main Estimates and how they link to the department's published targets. I enclose UK Trade & Investment's Memorandum for the forthcoming 2012-13 Main Supply Estimate. This allows UKTI the authority to spend £86.5m resource, £2.6m capital and £88.5m net cash requirement, in line with the 2010 Spending Review Settlement and 2011 Autumn Statement. Should the Committee require any additional information, I would be happy to expand the Memorandum appropriately. The Main Estimate is due to be published Monday 16 April 2012. I am also sending a copy of this letter and enclosure to the Clerk of the Foreign Affairs Committee. Yours sincerely Curtis Juman Director of Finance UK Trade & Investment L1 ORC2 1 Victoria Street London SW1H 0ET +44 20 7215 2425 [email protected]
Annex A UK Trade & Investment Main Estimate 2012-13
Select Committee Memorandum Introduction 1 The purpose of this memorandum is to provide the Select Committee with an
explanation of how the resources and cash sought in UK Trade & Investment’s (UKTI) Main Estimate will be applied to achieve the organisations performance indicators. This includes information on comparisons with the resources provided in earlier years in Estimates and departmental budgets, and also refers to future financial plans.
Main Estimate 2 The UKTI’s Main Estimate for 2012-13 seeks the necessary resources and cash
for its programme and capital vote. 3 UKTI’s administration costs are met from within the resources of the
departments for Business Innovation & Skills (BIS) and the Foreign & Commonwealth Office (FCO). Consequently any changes related to the administration costs fall within the BIS and FCO Estimates.
4 An explanation of key terms used in this memorandum is provided in Annex B.
Summary of the main spending control figures contained in the Main Estimate
Departmental Expenditure Limit (DEL) OUTTURN PLANS
2010-11 £m
2011-12 £m1
2012-13 £m
Net Resource (RDEL) 85.1 81.4 86.5 Capital (CDEL) 1.1 2.5 2.6 Less Depreciation ringfenced within RDEL2 -1.0 -1.4 -1.1 Total Departmental Expenditure Limit (DEL) 85.2 82.5 88.0
1 Provisional figure.
Annually Managed Expenditure (AME) OUTTURN PLANS
2010-11 £m
2011-12 £m1
2012-13 £m
Annually Managed Expenditure (AME)3 0.0 0.0 0.0 Total Annually Managed Expenditure (AME) 0.0 0.0 0.0
2 Depreciation, which forms part of Net Resource DEL, is excluded from total DEL as it is also included in Capital DEL. To include it again would lead to double-counting. 3 Annually Managed Expenditure total for 2010-11 is zero, for 2011-12 (provisional) and 2012-13 (Plan) is £0.021m. Summary of all changes 5 Annually Managed Expenditure: There is no change in the provision. 6 Net Resource DEL: There have been a number of changes to UKTI resource
budgets compared with the 2010 Spending Review settlement. These include additional funding in the 2011 Autumn Statement to allow UKTI to increase the number of customers it assists annually by 100%, a budget transfer from the Dep’t for Business, Innovation and Skills (BIS) to cover contractual obligations in
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the North-West region previously sustained by the now dissolved Development Agency, and a budget exchange from 2011-12 resource, which will be converted to Capital DEL to cover the re-phasing costs for a business-critical IT system.
7 All of these changes are demonstrated in the table below:
Net Resource Requirement OUTTURN PLANS 2010-11
£m 2011-12
£m1 2012-13
£m
CSR 07/SR 10 Settlement gross 93.2 89.9 86.9 Programme Income -4.0 -7.0 -8.0 Depreciation Ringfenced within RDEL 0.2 1.1 1.1 Annually managed expenditure - - - CSR 07 Settlement 89.3 DESO MoG transfer (net) 1.9 - - 2009-10 Budget announcement 4.5 - - IFRS Changes -0.8 - - Reduction in UKTI support to RDAs -2.1 - - SSE resource adjustments - - - Consolidated Fund Extra Receipts (CFER) -0.6 - - SR 10 Settlement 84.0 80.0 Autumn Statement: additional funding - - 5.0 Autumn Statement: increased expenditure2 - - 9.0 Autumn Statement: increased income2 - - -9.0 Great Campaign: increased expenditure - - 2.0 Great Campaign: increased income - - -2.0 Transfer from BIS for NWDA obligations - 0.4 1.5 Budget Exchange - -0.5 0.5 RDEL/CDEL virement - - -0.5 Underspend -7.1 -2.5 - Total Net Resource Requirement 85.1 81.4 86.5
1 Provisional figure. 2 Additional £9m expenditure is offset by the £9m programme income. 8 Capital DEL: There has been a single change to UKTI capital budget compared
with the 2010 Spending Review settlement. This is the result of a budget exchange from the 2011-12 Capital budget and a budget exchange from the 2011-12 Resource budget and subsequent conversion into Capital. This exchange is to cover the re-phasing costs of a business-critical IT system.
9 There have been significant changes to UKTI capital budgets since 2009-10 as a
result of implementing IFRS. This required the reclassification of expenditure from UKTI Programme Resource and BIS Admin Resource to UKTI Capital. These changes are reflected in the following table:
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Capital DEL Requirement OUTTURN PLANS
2010-11 £m
2011-12 £m1
2012-13 £m
CSR 07/SR 10 Settlement 0.2 3.3 2.0 IFRS Changes 2.9 - - SSE Capital adjustments -1.0 - - Budget Exchange - -0.1 0.1 RDEL/CDEL Virement - - 0.5 Underspend -1.1 -0.7 - Total Net Capital DEL Requirement 1.0 2.5 2.6
1 Provisional figure. Explanation of significant changes in provision compared with: Spending Review Allocations 10 For 2012-13, UKTI’s net resource allocation has increased by £6.5m compared
with the initial SR settlement. This is mainly due to an additional £5m of funding being made available to UKTI through the 2011 Autumn Statement to increase customer assistance. The remaining £1.5m relates to a budget transfer from BIS to cover regional obligations in 2012-13 following the closure of the RDAs. UKTI has also received an additional £9m expenditure through the 2011 Autumn Statement, which will be off-set by £9m additional income, therefore having no impact on net budgets. £8m will be received as income from BIS, the remaining £1m will be generated through sales of UKTI services to its customers. Both of these received amounts will be used to further assist SMEs.
11 For 2012-13, UKTI’s capital budget allocation has increased by £0.6m compared
with the initial Spending Review settlement. This is solely due to the budget exchange of resources from UKTI’s 2011-12 allocation to cover the re-phasing of costs for UKTI’s replacement Customer Data Management System.
Resource DEL Requirement OUTTURN PLANS
2010-11 £m
2011-12 £m1
2012-13 £m
CSR 07/SR 10 Settlement gross 93.2 89.9 86.9 Programme Income -4.0 -7.0 -8.0 Depreciation Ringfenced within RDEL 0.2 1.1 1.1 CSR 07/SR 10 Settlement DEL 89.3 84.0 80.0 DESO MoG transfer (net) 1.9 - - 2009-10 Budget announcement 4.5 - - IFRS changes -0.8 - - UKTI reduced contribution to the RDAs -2.1 - - Consolidated Fund Extra Receipts (CFER) -0.6 - - Autumn Statement funding announcement - - 5.0 Autumn Statement: increased expenditure - - 9.0 Autumn Statement: increased income - - -9.0 Great Campaign: increased expenditure - - 2.0 Great Campaign: increased income - - -2.0 Transfer from BIS for NWDA obligations - 0.4 1.5 Budget Exchange - -0.5 0.5 RDEL/CDEL virement - - -0.5 Underspend -7.1 -2.5 - Total Net DEL Requirement 85.1 81.4 86.5
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Capital DEL Requirement OUTTURN PLANS
2010-11 £m
2011-12 £m1
2012-13 £m
CSR 07/SR 10 Settlement 0.2 3.3 2.0 IFRS Changes 2.9 - - SSE Capital adjustments -1.0 - - Budget Exchange - -0.1 0.1 RDEL/CDEL Virement - - 0.5 Underspend -1.1 -0.7 - Total Net Capital DEL Requirement 1.0 2.5 2.6
Total DEL Requirement (RDEL + CDEL) OUTTURN PLANS
2010-11 £m
2011-12 £m1
2012-13 £m
CSR 07/SR 10 Settlement net 89.5 87.3 82.0 Resource DEL changes -4.2 -2.6 6.5 Capital DEL changes 0.8 -0.8 0.6 Total Net DEL Requirement 86.1 83.9 89.1
1 Provisional figure. Clear Line of Sight – the Alignment Project (CLoS): 12 The Main Estimates are produced under the Clear Line of Sight guidelines. 13 The main effect on UKTI’s 2011-12 Main Estimate as a result of CLoS is that
there is no longer a distinction made between near-cash and non-cash. For UKTI, this involves the change of depreciation from non-cash to ‘Depreciation ringfenced within RDEL’.
Prior year comparison (with 2011-12) 14 As set out above, the RDEL provision increases from 2011-12 due mainly to the
additional resource made available through the 2011 Autumn Statement. 15 The CDEL provision decreases slightly from 2011-12 mainly due to planned
Capital expenditure set out in the 2010 Spending Review and budget exchange transfers between financial periods.
Net Cash Requirement Net Cash Requirement 2011-12
£m1 2012-13
£m Net Resource 83.9 86.5 Capital 3.2 2.6 Total Net Voted Requirement 87.1 89.1 Accruals to cash adjustment Depreciation -1.1 -1.1 Increase (-) / Decrease (+) in creditors 2.7 0.5 Total accruals to cash adjustments 1.6 -0.6 Net Cash Requirement 88.7 88.5
1 Provisional figure.
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16 In comparison to the previous year (2011-12), UKTI’s Net Cash Requirement is reducing by £0.2m, with the main changes relating to UKTI having £2.6m more available resource from the Autumn Statement; £0.6m less capital requirement and £2.2m less required to satisfy creditors.
Changes to the Ambit 17 Changes arising from the Alignment Project now mean that departments no
longer have Requests for Resources (RfR’s). As a result, while UKTI’s purpose has not changed, the ambits underlying UKTI’s RfR’s have now come to the forefront. These can be found in Part I of UKTI’s Main Estimate.
Departmental Business Plans 18 UKTI is a joint department of the Foreign & Commonwealth Office (FCO) and the
Department for Business Innovation & Skills (BIS). Consequently UKTI’s funding and human resources reflect this framework. It contributes towards the parent departments business plans, delivered through staff employed by either the FCO or BIS.
19 These business plans for FCO and BIS respectively are to Support the British
Economy and promote the creation and growth of business and a strong enterprise economy across all regions. They are underpinned by UKTI’s Input and Impact indicators:
• Impact indicators
Number of Foreign direct investment projects attracted to the UK with
UKTI involvement
Number of UK Businesses helped to improve their performance through internationalisation
• Input Indicators
Average Unit Cost per FDI Project attracted to the UK with UKTI
involvement
Average Unit Cost per UK Business helped to improve their performance (overseas) through Internationalisation
Departmental Expenditure Limit 20 There has been a reduction in the DEL budget from 2011-12 following the
outcome of the 2010 Spending Review, where all Whitehall departments were encouraged to find around 25% efficiency savings.
21 The summary tables on the first page compares outturn from 2010-11 with the
provisional outturn for 2011-12 and planned DEL/AME for 2012-13. Budget Exchange 22 From 2011-12 HM Treasury operate a budgetary carry-forward entitlement
called Budget Exchange. Details of the new policy can be found in HM Treasury’s Financial Director’s letter, MS FD(11)10 – Budget Exchange.
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Provisions 23 UKTI does not have any accounting provisions. Contingent Liabilities 24 UKTI does not have any contingent liabilities. Approval of Memorandum 25 This memorandum has been prepared with reference to guidance in the Supply
Estimates: a guidance manual provided by HM Treasury. The information in this memorandum has been approved by Nick Baird, the Accounting Officer for UKTI.
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Annex B
Glossary of Key Terms
Accounting Officer - A person appointed by the Treasury or designated by a department to be accountable for the operations of an organisation and the preparation of its accounts. The appointee is, by convention, usually the head of a department or other organization, or the Chief Executive of a non-departmental public body (NDPB). Administration Budget - A Treasury control on resources consumed directly by departments and agencies/NDPBs that forms part of the Departmental Expenditure Limit (DEL). Includes things such as staff costs, accommodation, etc, where they are not directly associated with frontline service delivery. Ambit - The ambits are set out in Part I of the departmental Estimate. Separate ambits are required for both expenditure and income in each budgetary category included in the Estimate (DEL, AME and non-budget). The ambit describes the activities for which provision sought in the Estimate will be used. Annually Managed Expenditure (AME) - AME is spending included in Total Managed Expenditure (TME), which does not fall within Departmental Expenditure Limits (DELs). Expenditure in AME is generally less predictable and controllable than expenditure in DEL. Budget Exchange - a mechanism whereby departments are allowed to transfer a proportion of identified unspent Departmental Expenditure Limit (DEL) provision into the following year. Capital grant - (See „Grant‟ below). In account, a capital grant scores as resource spending but in budgetary terms it scores as capital because an asset is created within the economy. Capital income or expenditure - Related to the purchase or sale of assets. The value must usually be above a certain capitalisation threshold and the asset must be expected to be used for a period of at least one year. It includes the purchase of buildings, equipment and land. The threshold is set by each body: items valued below it are not counted as capital assets, even if they do have a productive life of more than one year. Comptroller and Auditor General (C&AG) - The head of the National Audit Office, appointed by the Crown, and an Officer of the House of Commons. As Comptroller, the C&AG‟s duties are to authorise the issue by the Treasury of public funds from the Consolidated Fund and National Loans Fund to government departments and others; as Auditor General, the C&AG certifies the accounts of all government departments and some other public bodies, and carries out value-for-money examinations. Consolidated Fund - The Government‟s current account, operated by the Treasury, through which pass most government payments and receipts. Consolidated Fund Extra Receipt (CFER) - Income, or related cash, that passes through a department‟s accounts but may not be retained by the department and is surrendered to the Consolidated Fund. Contingent Liability - Potential liability that is uncertain but recognises that future expenditure may arise if certain conditions are met or certain events happen. Departmental Expenditure Limit (DEL) - A Treasury budgetary control. DEL spending forms part of Total Managed Expenditure (TME) and includes that expenditure which is generally within the departments control and can be managed with fixed multi-year limits. Some elements may be largely demand led.
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There is a small DEL Reserve from which the Treasury may support unavoidable costs that cannot be absorbed within the existing limit. Departmental Unallocated Provision (DUP) - An element of a department‟s total DEL that is not allocated to particular spending, but held back by the department to meet any future unforeseen pressures. Depreciation - A measure of the wearing out, consumption or other reduction in the useful life of a fixed asset whether arising from use, passage of time or obsolescence through technological or market changes. Estimate - A statement of how much money the government needs in the coming financial year, and for what purpose(s), by which parliamentary authority is sought for the planned level of expenditure by a government department. Estimates Memorandum - An explanation of how provision sought in the Estimate is intended to be used and the relationship with other spending controls. Primarily provided for the departmental select committee but made freely available online Excess Vote - The means by which excess expenditure, or otherwise unauthorised expenditure, of cash, capital or resources, is regularised through an additional vote by Parliament. Grant - Payment made by a department, or other public body, to outside bodies to reimburse expenditure on agreed items or functions, and often paid only on statutory conditions being met. May be made for resource or for capital purposes. Grant in Aid - Financing payment made by a department to an NDPB or other arms length body. International Financial Reporting Standards (IFRS) - International accounting standards, adopted by government and reflected in UK GAAP. Main Estimate - The means through which departments seek parliamentary approval for their spending plans for the year ahead. Presented to Parliament within five weeks of the Budget Statement. Near-Cash - Expenditure that has a directly related cash implication, even though the timing of the cash payment may be slightly different. For example, expenditure on gas or electricity supply is incurred as the fuel is used, though the cash payment might be made in arrears on a quarterly basis. Net Cash Requirement (NCR) - The limit voted by Parliament reflecting the maximum amount of cash that can be released from the Consolidated Fund to a department in support of expenditure in its Estimate. In the case of a negative net cash requirement, the department must generate a surplus of at least that amount. Non-Cash - Expenditure where there is no directly related cash transaction but which reflects resources used. Examples include depreciation and provisions. Public Accounts Committee (PAC) - A committee of the House of Commons, which examines the accounting for, and the regularity and propriety of, government expenditure. It also examines the economy, efficiency and effectiveness of expenditure. Also commonly known as the Committee of Public Accounts. Section - An ‘Estimate line’ within the Part II: Subhead detail table in an Estimate.
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Select Committee - Both Houses of Parliament have select committees that scrutinise the work and expenditure of government. Responsibilities include oversight of particular government departments. Spending Review - A cross-government review of departmental aims and objectives and analysis of spending programmes. Results in the allocation of multi-year budgetary limits. Subhead - A single cell within a section (or Estimate line) within the Part II: Subhead detail table in an Estimate. Supplementary Estimate - The means by which departments seek to amend parliamentary authority provided through Main Estimates by altering the limits on resources, capital and/or cash or varying the way in which provision is allocated. Normally presented in January each year. Supply - The process whereby Parliament gives statutory authority for both the consumption of resources (for resource and capital purposes) and for cash to be drawn from the Consolidated Fund. Supply and Appropriation Acts - Acts of Parliament which give formal approval to departmental Supply Estimates. There are usually two such Acts each year: the Supply and Appropriation (Main Estimates) Act is presented in July and authorises the Main Estimates, and the Supply and Appropriation (Anticipation & Adjustments) Act is presented in February/March and authorises Supplementary Estimates, Vote on Account for the forthcoming year and any Statement of Excesses relating to the prior year. Token Estimate (or section) - Where a department‟s expenditure within the Estimate (or the section) is wholly offset by income, so that a token amount of £1,000 is voted. Since Estimates may include negative limits (where income is greater than expenditure), a token £1,000 would only be required where income and expenditure completely offset. Virement - The use of savings on one or more sections (Estimate lines) or subheads to meet excesses on another section or subhead within the same voted limit in an Estimate. Vote - The process by which Parliament approves funds in response to Supply Estimates. Voted provision - That which has been authorised by Parliament in response to Supply Estimates. Vote on Account - Presented to Parliament by the Treasury in January to provide necessary provision for voted resources, capital and cash for each departmental Estimate in the early months of the following financial year. For each department it generally seeks up to 45 per cent of the amounts voted in the current year’s Main Estimate.
Main Estimates2012
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UK Trade & Investment
Introduction
1. This Estimate covers programme expenditure for the purpose of trade development and promotion and inward
investment, including grants. The work of UK Trade & Investment is reported in its own Annual Report and
Accounts as well as the Annual Report and Accounts of the Department for Business, Innovation and Skills and the
Foreign and Commonwealth Office.
2. UK Trade & Investment is a joint operation of the Foreign and Commonwealth Office and the Department for
Business, Innovation and Skills. The administrative costs relating to this programme expenditure are reflected in the
Main Estimates of those departments.
Main Estimates2012
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Voted Non-Voted Total
Departmental Expenditure Limit
Resource 86,500,000 - 86,500,000
Capital 2,598,000 - 2,598,000
Annually Managed Expenditure
Resource 21,000 - 21,000
Capital - - -
Total Net Budget
Resource 86,521,000 - 86,521,000
Capital 2,598,000 - 2,598,000
Non-Budget Expenditure -
Net cash requirement 88,508,000
Voted Total
Allocated in
Vote on
Account
Balance to
complete
Departmental Expenditure Limit
Resource 86,500,000 46,165,000 40,335,000
Capital 2,598,000 2,309,000 289,000
Annually Managed Expenditure
Resource 21,000 9,000 12,000
Capital - - -
Non-Budget Expenditure - - -
Net cash requirement 88,508,000 48,145,000 40,363,000
UK Trade & Investment will account for this Estimate.
£
Expenditure arising from:
Depreciation, amortisation, revaluation and other non-cash items.
The sale of goods and services relating to trade development and promotion and inward investment; asset sales;
insurance claims; recovery of costs incurred on behalf of others; recovery of overpayments.
Trade development and promotion and inward investment, including grants, associated capital and other related
expenditure and non-cash items.
Part I
£
Amounts required in the year ending 31 March 2013 for expenditure by UK Trade & Investment on:
Departmental Expenditure Limit:
Expenditure arising from:
Income arising from:
Annually Managed Expenditure:
Main Estimates2012
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Resources Capital
Gross Income Net Gross Income Net Gross Income Net Net Net
1 2 3 4 5 6 7 8 9 10 11
- - - 105,541 -19,041 86,500 2,598 - 2,598 83,882 3,166
A
- - - 105,541 -19,041 86,500 2,598 - 2,598 83,882 3,166
- - - 105,541 -19,041 86,500 2,598 - 2,598 83,882 3,166
- - - 21 - 21 - - - 21 -
B
- - - 21 - 21 - - - 21 -
- - - 21 - 21 - - - 21 -
- - - 105,562 -19,041 86,521 2,598 - 2,598 83,903 3,166
- - - 105,562 -19,041 86,521 2,598 - 2,598 83,903 3,166
- - - - - - - - - - -
Trade development and promotion and inward investment
Trade development and promotion and inward investment
Of which:
Total Spending in DEL
Spending in Annually Managed Expenditure (AME)
Of which:
Voted expenditure
Non-voted expenditure
Of which:
Total for Estimate
Total Spending in AME
Voted expenditure
CapitalResources
Voted expenditure
Spending in Departmental Expenditure Limits (DEL)
Administration Programme
ProvisionsPlans
Part II: Subhead detail
£'000
2012-13 2011-12
Main Estimates2012
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2012-13 2011-12 2010-11
Plans Provisions Outturn
Net Resource Requirement 86,521 83,903 85,731
Net Capital Requirement 2,598 3,166 1,066
Accruals to cash adjustments -611 1,585 761Of which:
Adjustments to remove non-cash items:
Depreciation -1,111 -1,111 -1,009
New provisions and adjustments to previous provisions - - -
Departmental Unallocated Provision - - -
Supported capital expenditure (revenue) - - -
Prior Period Adjustments - - -
Other non-cash items - - -
Adjustment for NDPBs:
Remove voted resource and capital - - -
Add cash grant-in-aid - - -
Adjustments to reflect movements in working balances:
Increase (+) / Decrease (-) in stock - - -
Increase (+) / Decrease (-) in debtors - 696 -596
Increase (-) / Decrease (+) in creditors 500 2,000 2,366
Use of provisions - - -
Removal of non-voted budget items - - -Of which:
Consolidated Fund Standing Services - - -
Other adjustments - - -
Net Cash Requirement 88,508 88,654 87,558
£'000
Part II: Resource to cash reconciliation
Main Estimates2012
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2012-13 2011-12 2010-11
Plans Provisions Outturn
Gross Administration Costs - - -
Less:
Administration DEL Income - - -
Net Administration Costs - - -
Gross Programme Costs 105,562 92,944 92,020
Less:
Programme DEL Income -19,041 -9,041 -6,289
Programme AME Income - - -
Non-budget income - - -625
Net Programme Costs 86,521 83,903 85,106
Total Net Operating Costs 86,521 83,903 85,106Of which:
Resource DEL 86,500 83,882 85,731
Capital DEL - - -
Resource AME 21 21 -
Capital AME - - -
Non-budget - - -625
Adjustments to include:
Departmental Unallocated Provision (resource) - - -
Consolidated Fund Extra Receipts in the budget but not in
the SoCNE
- - -
Adjustments to remove:
Capital in the SoCNE - - -
Non-Budget Consolidated Fund Extra Receipts in the
SoCNE
- - 625
Other adjustments - - -
Total Resource Budget 86,521 83,903 85,731Of which:
Resource DEL 86,500 83,882 85,731
Resource AME 21 21 -
Adjustments to remove:
Consolidated Fund Extra Receipts in the resource budget - - -
Other adjustments - - -
Total Resource (Estimate) 86,521 83,903 85,731
Part III: Note A - Statement of Comprehensive Net Expenditure &
Reconciliation Table
£'000
Main Estimates2012
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2012-13 2011-12 2010-11
Plans Provisions Outturn
Voted Resource DEL -19,041 -9,041 -6,289Of which:
Programme
Sale of goods and services -19,041 -9,041 -6,289
Of which:
Section A: Trade development and promotion and inward investment -19,041 -9,041 -6,289
Total Voted Resource Income -19,041 -9,041 -6,289
£'000
Part III: Note B - Analysis of Departmental Income
Main Estimates2012
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Income Receipts Income Receipts Income Receipts
Income in budgets surrendered to the
Consolidated Fund (resource)
- - - - - -
Income in budgets surrendered to the
Consolidated Fund (capital)
- - - - - -
Non-budget amounts collectable on behalf
of the Consolidated Fund (in the SoCNE)
- - - - -625 -105
Total - - - - -625 -105
Income Receipts Income Receipts Income Receipts
Non-Budget
Excess Operating Income - - - - -625 -105
Total - - - - -625 -105
ProvisionsPlans Outturn
2010-11
2010-112012-13
£'000
2012-13 2011-12
£'000
Part III: Note C - Analysis of Consolidated Fund Extra Receipts
In addition to income retained by the Department the following income is payable to the Consolidated Fund:
Detailed description of CFER sources
OutturnProvisions
2011-12
Plans
Main Estimates2012
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Accounting Officer Nick Baird
Nick Baird has personal responsibility for the proper presentation of the department's resource accounts and their
transmission to the Comptroller & Auditor General, and is also responsible for the use of public money and
stewardship of assets.
The responsibilities of an Accounting Officer, including responsibility for regularity and propriety of the public
finances for which an Accounting Officer is answerable, for keeping proper records and safeguarding assets, are also
set out in Chapter 3 of Managing Public Money .
- making judgements and estimates on a reasonable basis;
- stating whether applicable accounting standards, as set out in the Financial Reporting Manual (FReM), or an
organisation’s version of it, have been followed, and explain any material departures in the accounts; and
- preparing the accounts on a going concern basis.
In discharging these responsibilities, particular regard is given to:
Part III: Note D - Explanation of Accounting Officer responsibilities
The following individuals are responsible for the expenditure within this Estimate:
- observing any accounting and disclosure requirements (including any Accounts Direction) and applying
suitable accounting policies on a consistent basis;
The Accounting Officer prepares resource accounts for each financial year.