Subject to Parliamentary approval of any necessary Supplementary Estimate, the Government Actuary’s Departmental Expenditure Limit will be reduced by £71,000 from £917,000 to £846,000. Within the DEL change, the impact on resources and capital are set out in the following table:
Change New DEL Voted Non- Voted Voted Non- Voted Total Resource DEL -61 - 618 - 618 Of which: - Administration budget* -61 - 618 - 618 Near Cash in RDEL -61 - 51 7 58 Capital** -10 - 228 - 228 Less Depreciation*** - - -422 - -422 Total -71 - 424 - 424 *The total of ‘Administrative budget’ and ‘Near-cash’ in Resource DEL figures may well be greater than total resource DEL, due to the definitions overlapping **Capital DEL includes items treated as resource in Estimates and accounts but which are treated as Capital DEL in budgets. ***Depreciation which forms part of resource DEL, is excluded from the total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting.
The change in the resource DEL and capital arises from a machinery of Government requirement to transfer these funds to the Office for National Statistics to reflect the transfer of the Occupational Pension Schemes survey function to meet a recommendation of the “Morris Review of the Actuarial Profession”.