| Title:
|
EXCESS VOTES IN 2010-11
SIXTY-SIXTH REPORT OF SESSION 2010-12, REPORT, TOGETHER WITH FORMAL MINUTES, ORAL AND WRITTEN EVIDENCE |
| By: |
Great Britain: Parliament: House of Commons: Committee of Public Accounts, Margaret Hodge |
| Format: |
Paperback |
| List price:
|
£5.00 |
|
We currently do not stock this item, please contact the publisher directly for
further information.
|
|
|
|
|
|
| ISBN 10: |
0215041585 |
| ISBN 13: |
9780215041586 |
| Publisher: |
TSO |
| Pub. date: |
2 February, 2012 |
| Series: |
House of Commons Papers |
| Pages: |
15 |
| Synopsis: |
The Committee of Public Accounts scrutinises the reasons behind individual Departments exceeding their allocated resources, and reports to the House of Commons on whether it has any objection to the amounts needed to rectify the reported excesses. The Committee may also make recommendations to Departments concerning the causes of these excesses. In 2010-11, two bodies breached their expenditure limits: The Department for Transport breached its Net Cash Requirement by GBP335.2 million, primarily because of weaknesses in monitoring its budget for the operation of its rail franchises; The Teachers' Pension Scheme (England & Wales) breached its Net Cash Requirement by GBP11.9 million because the Department for Education underestimated the number of members that would retire in 2010-11 and overestimated the contributions that would be collected from employers. On the basis of an examination of the reasons why these two bodies exceeded their voted provisions, the Committee has no objection to Parliament providing the necessary amounts by means of an Excess Vote.Nevertheless, it expects both bodies to set out what actions they have taken to improve their financial management and avoid exceeding their allocated resources in the future. |
| Publication: |
UK |
| Imprint: |
TSO |
| Returns: |
Non-returnable |