A frozen Comb Beck overlooking Buttermere copyright Michael Turner

2. What we spend and how we spend it

This class consists of documents like Annual Statutory reports and Financial Standing Orders and Regulations. Excluded from publication is all commercially sensitive information such as quotations and tenders, loan documentation and insurance policies.

With regard to quotations and tenders, this information is treated as confidential during the period leading up to an award of a contract to ensure that the whole tender process is fair. If tender information were to be released to a third party prior to the end of the tender period those who initially submitted tenders could be undercut and / or unfairly disadvantaged.

Web links

Finances

Document links

Links to documents are included in the web links above.

Background

Financial Reports

Each year the Lake District National Park Authority publishes an Annual Report and an annual Statement of Accounts.

The ‘Statement of Accounts’ provides more detailed information, including the audited accounts, information on grant income and details on outgoings, including members’ expenses and officers’ remuneration over a certain value.

Further financial reports are submitted to the Resources committee and as such are posted on quarterly basis. These can be found by searching for ‘Finance’ or looking at the recent papers submitted for the Authority committee meetings.

On an annual basis, the Authority publishes a ‘Treasury Management Strategy’ as well as the annual budgets in advance of the new financial year.

Pay and grading structures, and allowable expenses

Pay and grading structures are available in hardcopy from Human Resources. Information on allowable expenses for staff and Members is available from the Finance department.

Procurement procedures and lists of contracts awarded

Information on contracts awarded and their value are only available post-tender acceptance, and only on contracts that have been awarded following public tender.

All commercially sensitive information is excluded from publication - quotations and tenders, loan documentation and insurance policies. With regard to quotations and tenders, this information is treated as confidential during the period leading up to an award of a contract to ensure that the whole tender process is fair. If tender information were to be released to a third party prior to the end of the tender period, those who initially submitted tenders could be unfairly disadvantaged.

Financial regulations

In addition to the accounting policies shown in the Statement of Accounts, a number of additional financial regulations and advisory standards are adopted for the Lake District National Park Authority, these include the ‘Prudential Code for Capital Finance’ and other regulations that may from time to time also be posted on the website.