All Official Reports of public meetings of committees.
Displaying 1063 contributions
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
On that reprofiling, those numbers are not top-down imposed numbers—that is a bottom-up calculation.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
Indeed it is.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
We will come back with the details, project by project, of what was originally allocated and what is now allocated.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
Again, officials will give you more details on that. We have done that partly to ensure that we do not reach the annual limits and that we are within the envelope for the total resource and capital borrowing requirements and do not run the risk of losing funding as a consequence.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
I cannot remember which famous golfer it was who said, “The more I practise, the luckier I get.” We have been lucky in each of the past 17 years, and I am pretty sure that we will be lucky next year as well.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
As I said, the £350 million is a specific figure, and that is the overarching figure. Clearly, within that, we do not know what the variables will be. We do not know what the year-end audit adjustment will be, which is the whole point of having the contingency.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
There we go.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
Right, so the important number will be what percentage that is of the total spend on that benefit. I do not have that number to hand, but we can supply that to you.
As I said, there is a demand-led forecast for all those benefits. Over time, we work to refine that forecast. As Scott Mackay indicated, the SFC does quite a bit of work on that as well, and we will see variation, depending on the accuracy of the forecast versus the demand-led nature of those benefits.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
First of all, the nature of capital projects is that they are multiyear, so we will allocate a budget based on that. However, it may be the case that, for operational reasons, the project does not proceed as intended and there is slippage.
The capital budget is, as you know, increasing across the piece as we move into 2025-26, and it has been allocated to portfolios. I do not have to hand all the detail of what it is being spent on, but my expectation is that, with the projects on which there has been slippage, that money will go back out as part of the allocation for 2025-26.
Finance and Public Administration Committee [Draft]
Meeting date: 4 March 2025
Ivan McKee
I do not disagree with you on that. Clearly, we would like to have wider scope with regard to borrowing limits. As officials have said, we manage that quite tightly, which is part of the reason why we have that scope with the £350 million.