What we spend and how we spend it

WHAT WE SPEND AND HOW WE SPEND IT

Financial Information relating to projected and actual income and expenditure, procurement, contracts and financial audit.

 

 

Class

Description

Contact

Availability

2.1

Funding / Income

Information on sources of funding and income, such as funding grants, tuition fees, endowment and investment income (including investment strategy) 

 

  • Financial memorandum (pt 2) with LSC·         
  • College tuition fee policy·         

PA to the Principal

 

 

 

H

E / H

2.2

Budgetary and Account Information

Annual statement of accounts and other information to all the public to see where the money is being spent, where it is or has been planned to spend it and the difference between one and another. Revenue budgets and budgets for capital expenditure should be included. 

 

  • Annual audited financial statements·         
  • Annual budget approved by Corporation·         
  • College 3-year Financial plan (annual return submitted to LSC)·         
  • Management accounts as reported to Corporation·         

PA to the Principal

 

 

 

 

E / H

E / H

E / H

E / H

2.3

Financial Audit Reports

Reports received from external auditors

  • Annual financial statements audit report·         
  • Annual internal audit report·         

PA to the Principal

 

 

H

H

2.4

Capital Programme

Information on major plans for capital expenditure

  •  Annual capital budget as approved by Corporation·         
  • Reports to Corporation on capital building programme (where not commercially sensitive)·         

PA to the Principal

 

 

H

H

2.5

Financial Regulations and Procedures

Information on how the College controls its finances

  • Financial Regulations·         

 

PA to the Principal

 

 

E / H

2.6

Staff Pay and Grading Structures

Information on the College’s Pay Scales

  •  College Pay Scales·     

PA to the Principal

 

 

E / H

2.7

Procurement and tender procedures and reports, register of suppliers and contracts

Information relating to the procedures for the acquisition of goods and services, lists of suppliers currently used by the College, contracts available for public tender and reports of successful tenders

 

  • Contracts and Tender Policy·         
  • Register of interests of Corporation Members and Senior Managers (click here)
  • Register of suppliers·         
  • Contracts notices·         
  • List of contracts awarded·         

PA to the Principal

 

 

 E / H

W / E / H

E / H

H

E / H