The Learning and Skills Councils Annual Report and Accounts for ...
The Learning and Skills Councils Annual Report and Accounts for ...
The Learning and Skills Councils Annual Report and Accounts for ...
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12 Cash <strong>and</strong> cash equivalents<br />
As at<br />
31 March 2010<br />
£’000<br />
As at<br />
31 March 2009<br />
£’000<br />
As at<br />
1 April 2008<br />
£’000<br />
Cash held at the Office of Paymaster General 150,821 110,823 98,166<br />
Cash held at other banks <strong>and</strong> in h<strong>and</strong> 166 464 180<br />
Total 150,987 111,287 98,346<br />
BIS authorises a working balance at 31 March of 1 per cent of the total resource budget agreed <strong>for</strong><br />
the financial year. This working balance excludes funding <strong>for</strong> ESF which is also included in the cash<br />
held at the Office of Paymaster General above.<br />
<strong>The</strong> LSC does not hold any cash equivalents.<br />
<strong>The</strong> per<strong>for</strong>mance against the BIS working balance target is detailed below:<br />
As at<br />
31 March 2010<br />
£’000<br />
As at<br />
31 March 2009<br />
£’000<br />
As at<br />
1 April 2008<br />
£’000<br />
Total resource budget 12,955,066 11,885,371 11,279,319<br />
1 per cent thereof 129,551 118,854 112,793<br />
Paymaster General account balance <strong>for</strong> BIS funding<br />
7,279 47,671 29,894<br />
within the above<br />
Finance<br />
LSC <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2009–10 69
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