Subject to Parliamentary approval of the Spring Supplementary Estimate, HM Treasury’s Resource DEL will be increased by £9,401,000 from £230,747,000 to £240,148,000. The Administration Budget will be increased by £6,431,000 from £180,145,000 to £186,576,000. The impact on resources, including the administration budget is set out in the following table:
Voted Non-voted Voted Non-voted Total Resource 9,401,000 - 219,304,000 20,844,000 240,148,000 of which: Administration budget* 6,431,000 - 186,576,000 - 186,576,000 Near cash in RDEL* 9,401,000 - 209,619,000 31,444,000 241,063,000 Capital** - - 154,800,000 2,142,000 156,942,000 Less: Depreciation*** - - -7,915,000 - -7,915,000 Total 9,401,000 - 366,189,000 22,986,000 389,175,000 *The total of the 'Administration 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 total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting.
The net increase in resource DEL of £9,401,000 is the net effect of the take up of Administration Budget (£3,200,000) and Programme (£2,500,000) EYF in RfR1 Section A to fund the costs of the increased workload arising from financial stability work and spending on the Money Guidance project and the draw down from the Modernisation Fund of £3,700,000 administration costs to fund costs associated with the Fast Forward IT project.
The Administration Budget is increasing by £6,431,000, which is the net effect of the EYF take up (£3,200,000) and the draw down from the Modernisation Fund (£3,700,000) outlined above, less a transfer of £469,000 to programme spending.