Letter to the Clerk of the Committee from
the Director of Finance, UK Trade and Investment
ESTIMATES MEMORANDUM
HM Treasury guidance in PES(2004)14 specified
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 Estimate
Memorandum for the forthcoming Main Supply Estimate. This allows
the draw down of resource and net cash in line with the Comprehensive
Spending Review Settlement save for the inclusion of resource
for the Machinery of Government transfer of the former Defence
Export Services Organisation from the Ministry of Defence.
Should the Committee require any additional
information, I would be happy to expand the Memorandum appropriately.
Main Estimates are presented and published approximately
five weeks after the Budget on Wednesday 12 March 2008 (see Supply
Estimates: a guidance manual, chapter 3) and presentation and
publication will be on 22 April 2008.
I am also sending a copy of this letter and
enclosure to the Clerk of the Business, Enterprise and Regulatory
Reform Committee
Curtis Juman
4 April 2008
UK TRADE AND INVESTMENT MAIN SUPPLY 2008-09—ESTIMATE
MEMORANDUM
INTRODUCTION
This Memorandum covers the main Supply Estimate
for UK Trade & Investment, which is a department that also
draws staff and resource from the Foreign and Commonwealth Office
and the Department for Business, Enterprise and Regulatory Reform.
The Memorandum includes details of:
— the outcome of the Comprehensive
Spending Review (CSR);
— Machinery of Government (MOG) change
and the subsequent adjustment; and
— the draw down of cash (the Net Cash
Requirement).
SUMMARY OF
THE 2008-09 MAIN
SUPPLY ESTIMATE
Expenditure under this Estimate covers directly
voted programme and capital expenditure for trade development
and inward investment, including grants to the Regional Development
Agencies (RDAs).
Other resource, both programme and administration
is included in the Estimates for our respective parent departments,
the Foreign and Commonwealth Office (FCO) and the Department for
Business, Enterprise and Regulatory Reform (BERR).
The Main Estimate of the Foreign and Commonwealth
Office also reflects expenditure reclassified to programme in
the 2007 Comprehensive Spending Review (CSR) settlement.
For a full picture of the Department's planned
expenditure in 2008-09 with comparison figures for prior and forward
years, the Committee is referred to the UK Trade & Investment
entries in the Treasury's Main Supply Estimates.
UKTI's Strategic Objective, as set out in its
2007 Comprehensive Review settlement covering the period 2008-09-2010-11,
is:
By 2011, deliver measurable improvement in
the business performance of UK Trade & Investment's international
trade customers, with an emphasis on innovative and R&D active
firms; increase the contribution of foreign direct investment
to knowledge intensive economic activity in the UK, including
R&D; and deliver a measurable improvement in the reputation
of the UK in leading overseas markets as the international business
partner of choice.
MACHINERY OF
GOVERNMENT CHANGE
The Prime Minister announced on 25 July 2007
that trade promotion for defence exports would move from the Ministry
of Defence to UK Trade & Investment to provide greater integration
with the Government's general support activities. This Estimate
includes the Machinery of Government transfer of these services
from the Ministry of Defence.
AMBIT
No changes have been made to the drafting of
the Department's ambit.
2007-08 PROVISION
The Machinery of Government (MOG) change has
been made since the 2007-08 Spring Supplementary Estimate. As
a result the 2007-08 provision is not directly comparable with
the 2007-08 provision in the 2007-08 Spring Supplementary Estimate.
The change which needs to be taken into account to compare the
two sets of figures is the transfer of the Defence Export Services
Organisation from the Ministry of Defence which increases the
Net Total Resources for 2007-08 by £1,327k from £89,329k
to £90,656k.
SPENDING REVIEW
The 2007 Comprehensive Spending Review (CSR)
settlement announced UKTI's total programme budget for each year
of the CSR07 period, of £89/89/89 million.
This funding is for full delivery of UKTI's
agreed high level targets; its marketing commitments related to
the Olympics over the CSR period; and a contribution to the RDA
single pot of £17/16/16 million in relation to inward investment
activities.
As a result of the integration of defence export
trade promotion UK Trade & Investment's total programme resource
is increased by £2.2/2.1/1.9 million. The total UKTI Programme
Resource figures are detailed below.
|
| £m | 2008-09
| 2009-10 | 2010-11
|
|
| Gross resource DEL | 91.807
| 92.307 | 93.307
|
| Appropriations in aid | 2.500
| 3.000 | 4.000
|
| Net Resource DEL | 89.307
| 89.307 | 89.307
|
| Resource AME | 0.021
| 0.021 | 0.021
|
| CSR settlement | 89.328
| 89.328 | 89.328
|
| Gross defence export resource DEL | 3.413
| 3.761 | 3.169
|
| Defence export appropriations in aid | 1.215
| 1.706 | 1.241
|
| Net defence export Resource DEL | 2.198
| 2.055 | 1.928
|
| Total Resource | 91.526
| 91.383 | 91.256
|
| Capital DEL | 0.248
| 0.248 | 0.248
|
|
PLANNED EXPENDITURE
FOR 2008-09
The original planned expenditure for 2008-09 is drawn from
the outcome of the Spending Review 2007 settlement, which provided
the Department with £89.328 million Resource DEL and £0.248
million Capital DEL. Change made since the settlement have changed
the resource DEL figure to £91.505 million as detailed in
the table below.
|
| Changes to Resource DEL since the Spending review 2007
| £m |
|
| 2008-09 Resource DEL in Spending review |
89.307 |
| MoG transfer of Defence Export Services Organisation from MoD
| 2.198 |
| Resource DEL for 2008-09 | 91.505
|
| Capital DEL | 0.248
|
|
CASH EXPENDITURE
The voted Resource and Capital DEL are announced in a summary
table in the Main Estimate. The following table shows a reconciliation
between the total Resource and Capital budget figures shown above
and the Net Cash Requirement. Receipts have been netted off in
the voted expenditure lines below.
|
| Cash Expenditure | £m
|
|
| Resource DEL budget | 91.505
|
| Capital DEL budget | 0.248
|
| Total DEL Budget | 91.753
|
| Less non cash DEL | 0.108
|
| Plus voted near cash Resource AME | 0.021
|
| Plus changes in creditors | 0.600
|
| Total Net Cash Requirement | 92.266
|
|
AME EXPENDITURE
Expenditure is classified as AME due its volatility and the
difficulty in predicting and controlling levels of spend, usually
because it is demand led. For UKTI the AME expenditure of £0.021
million relates to asset impairment.
MAIN ESTIMATE—EXPLANATION
OF TERMS
Part II of the Main Estimate consists of a matrix showing
the subhead detail and a reconciliation section, thus:
— the matrix is divided vertically into three sections—resources,
capital and prior-year resource figures;
— there are ten numbered columns. Columns 1-8 are
divided by broad economic category showing expenditure and appropriations
in aid income. Column 9 shows final provision for net total resources
for the prior year, and column 10 shows final outturn for net
total resources for the year before that;
— the matrix is divided horizontally into one or
more Requests for Resources (RfRs). The RfRs are in turn divided
into control sectors (Departmental Expenditure Limit (DEL), Annually
Managed Expenditure (AME) and spending outside of budgets; into
public sector categories (central government's own expenditure,
central government supports to local authorities, etc); and into
functional lines;
— all data in the matrix are on an accruals basis;
— the reconciliation section immediately below the
matrix breaks down the adjustment from the net resource requirement
(NRR) to the net cash requirement (NCR) for the current year provision,
the final provision for the previous year and the final outturn
for the year before that. The Government Financial Reporting Manual
sets out guidance on preparing the precise adjustments to get
from the NRR to the NCR in guiding departments on the form of
Schedule 1 to the resource accounts.
END YEAR
FLEXIBILITY (EYF) ENTITLEMENT
At the start of 2008-09 UK Trade and Investment will have
an accumulated End Year Flexibility (EYF) entitlement of £10.657
million resources and £1.644 million capital, subject to
any further adjustments that emerge during the finalisation of
the 2007-08 Resource Accounts.
SUPPLEMENTARY BUDGETARY
INFORMATION 2008-09
Resource budget DEL and AME (voted and non-voted)
|
| | |
| | | |
| | £,000
|
| 2002-03 Outturn
| 2003-04 Outturn |
2004-05 Outturn | 2005-06 Outturn
| 2006-07 Outturn |
2007-08 Estimated Outturn
| 2008-09 Plans | 2009-10 Plans
| 2010-11 Plans |
|
| Resource DEL |
| Voted in Estimate entitled: UK Trade & Investment
|
| UK Trade & Investment | 96,392
| 103,674 | 104,465
| 99,552 | 97,991
| 88,299 | 91,505
| 91,362 | 91,235
|
| Of which:
|
| UK Trade & Investment | 96,392
| 103,674 | 104,465
| 99,552 | 97,991
| 88,299 | 91,505
| 91,362 | 91,235
|
| Trade development and promotion and inward investment
|
| RfR 1 A | 96,392
| 103,674 | 104,465
| 99,552 | 97,991
| 88,299 | 91,505
| 91,362 | 91,235
|
| Total voted | 96,392
| 103,674 | 104,465
| 99,552 | 97,991
| 88,299 | 91,505
| 91,362 | 91,235
|
| Total resource budget DEL | 96,392
| 103,674 | 104,465
| 99,552 | 97,991
| 88,299 | 91,505
| 91,362 | 91,235
|
| Resource AME |
| Voted in Estimate entitled: UK Trade & Investment
|
| UK Trade & Investment | 167
| 109 | 35
| 24 | 14
| 21 | 21
| 21 | 21
|
| Of which:
|
| UK Trade & Investment | 167
| 109 | 35
| 24 | 14
| 21 | 21
| 21 | 21
|
| Trade development and promotion and inward investment
|
| RfR 1 B | 167
| 109 | 35
| 24 | 14
| 21 | 21
| 21 | 21
|
| Total voted | 167
| 109 | 35
| 24 | 14
| 21 | 21
| 21 | 21
|
| Total resource budget AME | 167
| 109 | 35
| 24 | 14
| 21 | 21
| 21 | 21
|
| Total resource budget | 96,559
| 103,783 | 104,500
| 99,576 | 98,005
| 88,320 | 91,526
| 91,383 | 91,256
|
| Of which: |
| Voted | 96,559
| 103,783 | 104,500
| 99,576 | 98,005
| 88,320 | 91,526
| 91,383 | 91,256
|
| and of which: |
| Central government own spending | 83,629
| 90,853 | 91,270
| 84,346 | 80,775
| 71,090 | 74,716
| 74,982 | 75,254
|
| Central government finance to LAs | 12,930
| 12,930 | 13,230
| 15,230 | 17,230
| 17,230 | 16,810
| 16,401 | 16,002
|
| NB Voted net resource outturn in Estimate entitled: UK Trade & Investment
|
| Resource DEL (in Estimate): |
| Resource DEL in budgets | 96,392
| 103,674 | 104,465
| 99,552 | 97,991
| 88,299 | 91,505
| 91,362 | 91,235
|
| Resource AME (in Estimate):
|
| Resource AME in budgets | 167
| 109 | 35
| 24 | 14
| 21 | 21
| 21 | 21
|
|
| Total resource consumption in Estimate
| 96,559 | 103,783
| 104,500 | 99,576
| 98,005 | 88,320
| 91,526 | 91,383
| 91,256 |
|
| Non-voted DEL and AME includes any NDPBs' net spending, which is mostly financed by voted grants.
|
|
Capital budget DEL and AME (voted and non-voted)
|
| | |
| | | |
| | £,000
|
| 2002-03 Outturn
| 2003-04 Outturn |
2004-05 Outturn | 2005-06 Outturn
| 2006-07 Outturn |
2007-08 Estimated Outturn
| 2008-09 Plans | 2009-10 Plans
| 2010-11 Plans |
|
| Capital DEL |
| Voted in Estimate entitled: UK Trade & Investment
|
| UK Trade & Investment | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Of which |
| UK Trade & Investment | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Trade development and promotion and inward investment
|
| RfR 1 A | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Total voted | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Total capital budget DEL | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Capital AME |
| Total capital budget AME | -
| - | -
| - | -
| - | -
| - | -
|
| Total capital budget | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Of which: |
| Voted | 164 |
237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| And of which: | |
| | | |
| | | |
| Central government own spending | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Public Corporations | -
| - | -
| - | -
| - | -
| - | -
|
| NB Voted capital in Estimate entitled: UK Trade & Investment
|
| Capital DEL in budgets | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
| Total net capital in Estimate | 164
| 237 | 95
| 155 | 176
| 49 | 248
| 248 | 248
|
|
Non-voted DEL and AME includes any NDPBs' net spending, which is mostly financed by voted grants.
Profit/loss on asset sales can appear on both the resource and the capital side of the Estimate.
|
MAIN ESTIMATE 2008-09 UK TRADE & INVESTMENT
INTRODUCTION
1. This Estimate covers programme expenditure for the
purpose of trade development and promotion and inward investment,
including grants to the Regional Development Agencies (RDAs).
The work of UK Trade & Investment is reported in its own departmental
report as well as the departmental reports of the Department for
Business, Enterprise & Regulatory Reform and the Foreign and
Commonwealth Office.
2. UK Trade & Investment is a joint operation of
the Foreign & Commonwealth Office and the Department for Business,
Enterprise & Regulatory Reform. The administrative costs relating
to this programme expenditure are reflected in the Main Estimates
of those departments.
3. An analysis of Appropriations in Aid of this Request
for Recourses and related income for 2008-09 is included in this
Main Estimate and shows comparison with the two prior years.
4. Symbols are explained in the Introduction to this
booklet.
PART I
|
| £ |
|
| Request for Resources 1: to enhance the competitiveness of companies in the UK through overseas trade and investments; and attract a continuing high level of quality foreign direct investment
| 91,526,000 |
| Total net resource requirement | 91,526,000
|
| Net cash requirement | 92,266,000
|
|
Amounts required in the year ending 31 March 2009 for expenditure
by the UK Trade & Investment on:
RfR 1: To enhance the competitiveness of companies in the
UK through overseas trade and investments; and attract a continuing
high level of quality foreign direct investment
Trade development and promotion and inward investment, including
grants to the Regional Development Agencies (RDAs), associated
capital and other related expenditure and associated non-cash
items.
UK Trade & Investment will account for this Estimate.
|
| £ |
| | Net total
| Allocated in Vote on Account
| Balance to complete
|
|
| RfR 1 | 91,526,000
| 49,130,000 | 42,396,000
|
| Total net resource requirement | 91,526,000
| 49,130,000 | 42,396,000
|
| Net cash requirement | 92,266,000
| 46,691,000 | 42,575,000
|
|
PART II: SUBHEAD
DETAIL
|
| | |
| | | |
| | £'000
|
| 2008-09 Provision | 2007-08 Provision
|
| 2006-07 Outturn |
| Resources | Capital
|
| Admin | Other Current
| Grants | Gross Total
| A in A | Net Total
| Capital | Non- operating A in A
| Net Total Resources
| Net Total Resources
|
|
| 1 | 2
| 3 | 4
| 5 | 6
| 7 | 8
| 9 | 10
|
|
| RfR 1: To enhance the competitiveness of companies in the UK through overseas trade and investments; and attract a continuing high level of quality foreign direct investment
|
| - | 78,431
| 16,810 | 95,241
| 3,715 | 91,526
| 248 | -
| 90,656 | 98,005
|
| Spending in Departmental Expenditure Limits (DEL)
|
| Central Government spending
|
| A Trade development and promotion and inward investment
|
| - | 78,410 |
16,810 | 95,220
| 3,715 | 91,505
| 248 | -
| 90,635 | 97,991
|
| Spending in Annually Managed Expenditure (AME)
|
| Central Government spending
|
| B Trade development and promotion and inward investment
|
| - | 21 | -
| 21 | -
| 21 | -
| - | 21
| 14 |
| Total for Estimate: |
| | | |
| | | |
|
|
| - | 78,431
| 16,810 | 95,241
| 3,715 | 91,526
| 248 | -
| 90,656 | 98,005
|
|
PART II: RESOURCE
TO CASH
RECONCILIATION
| | |
£'000 |
|
| 2008-09 Provision
| 2007-08 Provision | 2006-07 Outturn
|
|
| Net Resource Requirement | 91,526
| 90,656 | 98,005
|
| Voted capital items |
| | |
| Capital | 248
| 248 | 176
|
| Less Non-operating A in A | -
| - | -
|
| Total net voted capital | 248
| 248 | 176
|
| Accruals to cash adjustment |
| | |
| Adjustments to remove non-cash items: |
| | |
| Cost of Capital charges | 79
| 79 | 57
|
| Depreciation | -187
| -187 | -175
|
| New provisions and adjustments to previous provisions
| - | -
| - |
| Profit/loss on sale of assets | -
| - | -
|
| Prior period adjustments | -
| - | -
|
| Other non-cash items | -
| - | -
|
| Increase (+)/Decrease (-) in stock | -
| - | -
|
| Increase (+)/Decrease (-) in debtors | -
| - | -
|
| Increase (+)/Decrease (-) in creditors |
600 | 9,767
| 11 |
| Use of provisions | -
| - | -
|
| Total accruals to cash adjustments |
492 | 9,659
| -107 |
| Excess cash to be CFERd | -
| - | -
|
| Net Cash Requirement | 92,266
| 100,563 | 98,074
|
|
PART III: EXTRA
RECEIPTS PAYABLE
TO THE
CONSOLIDATED FUND
In additional to appropriations in aid the following income
relates to the Department and is payable to the Consolidated Fund
(cash receipts being shown in italics):
| | |
| | | £'000
|
|
| | 2008-09 Provision
| 2007-08 Provision
| 2006-07 Outturn
|
| Income
| Receipts | Income
| Receipts | Income
| Receipts |
|
| Operating income not classified as A in A
| - | -
| - | -
| - | -
|
Non-operating income not classified as
A in A
| - | -
| - | -
| - | -
|
| Other amounts collectable on behalf of the Consolidated Fund
| - | -
| - | -
| 3 | 3
|
| Excess cash receipts to be surrendered to the Consolidated Fund
| - | -
| - | -
| - | -
|
|
| Total | -
| - | -
| - | 3
| 3 |
|
Forecast Operating Cost Statement
|
| 2008-09 Provision
| 2007-08 Provision |
2006-07 Outturn |
|
| Net Programme Costs |
| | |
| RfR 1 | 91,526
| 90,656 | 98,005
|
| Total Net Programme costs | 91,526
| 90,656 | 98,005
|
| Total Net Operating Cost | 91,526
| 90,656 | 98,005
|
| Of which: | |
| |
| Net Resource Requirement | 91,526
| 90,656 | 98,005
|
| Non-voted expenditure | -
| - | -
|
| Consolidated Fund Extra Receipts | -
| - | -
|
| Resource Budget | 91,526
| 90,656 | 98,005
|
|
Reconciliation of resource expenditure between Estimates,
Accounts and Budgets
| | |
£'000 |
|
| | 2008-09 Provision
| 2007-08 Provision | 2006-07 Outturn
|
|
| Net Resource Requirement (Estimates)
| 91,526 | 90,656
| 98,005 |
| Adjustments to remove: |
| | |
| Provision voted for earlier years | -
| - | -
|
| Adjustments to additionally include:
| | | |
| Non-voted expenditure in the OCS | -
| - | -
|
| Consolidated fund Extra Receipts in the OCS
| - | -
| - |
| Other adjustments | -
| - | -
|
| Net operating Cost (Accounts) | 91,526
| 90,656 | 98,005
|
| Adjustments to remove: |
| | |
| Gains/losses from sale of capital assets |
- | -
| - |
| Capital grants | -
| - | -
|
| European Union income related to capital grants
| - | -
| - |
| Voted expenditure outside the budget | -
| - | -
|
| Adjustments to additional include: |
| | |
| Other Consolidated Fund Extra Receipts |
- | -
| - |
| Resource consumption of non departmental public bodies
| - | -
| - |
| Unallocated resource provision | -
| - | -
|
| Other adjustments | -
| - | -
|
| Resource Budget (Budget) | 91,526
| 90,656 | 98,005
|
| Of which: | |
| |
| Departmental Expenditure Limits (DEL) | 91,505
| 90,635 | 97,991
|
| Annually Managed Expenditure (AME) | 21
| 212 | 14
|
|
Reconciliation of capital expenditure between Estimates
and Budgets
| | |
£'000 |
|
| | 2008-09 Provision
| 2007-08 Provision | 2006-07 Outturn
|
|
| Net Voted Capital (Estimates) | 248
| 248 | 176
|
| Adjustments to additionally include:
| | | |
| Other Consolidated Fund Extra Receipts |
- | -
| - |
| Capital spending by non-departmental public bodies
| - | -
| - |
| Capital grants | -
| - | -
|
| European Union income related to capital grants
| - | -
| - |
| Supported capital expenditure (revenue) |
- | -
| - |
| Capital spending by levy funded bodies |
- | -
| - |
| Unallocated capital provision | -
| - | -
|
| Other adjustments | -
| - | -
|
| Capital Budget (Budget) | 248
| 248 | 176
|
| Of which: | |
| |
| Departmental Expenditure Limits (DEL) | 248
| 248 | 176
|
| Annually Managed Expenditure | -
| - | -
|
|
EXPLANATION OF
ACCOUNTING OFFICER
RESPONSIBILITIES
In accordance with the Government Resources and Accounts
Act 2000 the Treasury has made the following Accounting Officer
appointment for the Request for Resource within this Estimate.
Request for Resources 1:
Andrew Cahn, Chief Executive of UK Trade and Investment
Andrew Cahn as the Accounting Officer of UK Trade & Investment
has personal responsibility for the proper presentation of the
department's resource accounts as prescribed in legislation, or
by the Treasury, and their transmission to the Comptroller and
Auditor General. The AO as the permanent head, remains in general
overall charge of UK Trade & Investment.
The responsibilities of an Accounting Officer are set out
in Chapter 3 of Managing Public Money. In essence these responsibilities
include a personal responsibility for the propriety and regularity
of the public finances for which they are answerable; for keeping
of proper accounts; for prudent and economical administration;
for the avoidance of waste and extravagance; and for the efficient
and effective use of all the available resources. In addition,
the Accounting Officer must ensure that there is a sound system
of internal control to support the achievement of the organisation's
policies, aims and objectives and should regularly review the
effectiveness of that system.
Analysis of operating appropriations in aid (A in A)
| | |
£'000 |
|
| | 2008-09 Provision
| 2007-08 Provision | 2006-07 Outturn
|
|
| RfR 1: To enhance the competitiveness of companies in the UK through overseas trade and investments; and attract a continuing high level of quality foreign direct investment
| | | |
| Programme | 3,715
| 4,232 | 2,582
|
| Of which: | |
| |
| Sale of goods and services | 3,715
| 4,232 | 2,582
|
| Total RfR 1 | 3,715
| 4,232 | 2,582
|
| Amount that may be applied as operating appropriations in aid in addition to the net total arising from: income relating to the provision of trade development services; asset sales; insurance claims; recovery of costs incurred on behalf of others; recovery of overpayments
| | | |
| Total Operating A in A | 3,715
| 4,232 | 2,582
|
|
Analysis of Consolidated Fund extra receipts
| | |
| | | £'000
|
|
| | 2008-09 Provision
| 2007-08 Provision
| 2006-07 Outturn
|
| Income
| Receipts | Income
| Receipts | Income
| Receipts |
|
| Other amounts collectable on behalf of the Consolidated Fund
| - | -
| - | -
| 3 | 3
|
| Total | - |
- | -
| - | 3
| 3 |
|
Departmental Expenditure Limits and Administration
budgets
| | |
£'000 |
|
| | Voted
| Non-voted | Total
|
|
| Resource DEL | 91,505
| - | 91,505
|
| Of which: | |
| |
| | |
|
| Administration Budget | -
| - | -
|
| Near-cash in RDEL | 91,418
| - | 91,418
|
| Capital DEL | |
| |
| 248 |
- | 248
|
| Less Depreciation | |
| |
| -166 |
- | -166
|
| Total DEL | 91,587
| - | 91,587
|
|
| The total of the "Administration Budget" and "Near-cash in Resource DEL" figures may well be greater than total resource DEL, due to the definitions overlapping.
|
| Capital DEL includes items treated as resource in Estimates and accounts but which are treated as Capital DEL in budgets.
|
| Depreciation, which forms part of resource DEL, is excluded from total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting.
|
|
Comparison of provision sought with final provision and forecast
outturn for the previous year
The total net resource sought for 2008-09 of £91,526,000
is 1.0 per cent higher than the final net provision for 2007-08
of £90,656,000 and 3.6% higher than the forecast outturn
for 2007-08 of £88,320,000.
Cash which may be retained to offset expenditure
| | |
£'000 |
|
| | 2008-09 Provision
| 2007-08 Provision | 2006-07 Outturn
|
|
| Cash which may be retained by the department to offset expenditure in the year due to its relationship with income (operating and non-operating) that has been, or will be appropriated in aid.
| 3,715 | 4,232
| 2,582 |
|
|
