Subject to Parliamentary approval, the Department for Culture, Media and Sport's total Departmental Expenditure Limit (DEL) will be increased by £78,600,000 from £2,060,368,000 to £2,138,968,000. Within the DEL change the impact on resource and capital are set out in the following table:
Departmental Expenditure Limits
Voted Non-voted Voted Non-voted Total Resource DEL 469 16,957 103,804 1,602,459 1,706,263 of which: Administration budget* 55,133 55,133 Near-cash in RDEL 469 -6,895 94,425 1,350,986 1,445,411 Capital** 53,477 7,949 -730,727 1,274,053 543,326 Less Depreciation*** - -252 -6,405 -104,216 -110,621 Total 53,946 24,654 -633,328 2,772,296 2,138,968 *The total of' ‘Administration budget’ and 'Near-cash in Resource DEL' figures are 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 change in the resource element of the DEL arises from:
A claim on the Reserve of £23,500,000 for provisions associated with the decommissioning costs of the Olympic Stadium; an addition of £352,000 non-cash, to cover costs associated with a change in accounting policy as a consequence on implementing International Finance Reporting Standards (IFRS), less a switch of funding from resource to capital of £6,426,000.
The capital element of the DEL has increased by £61,426,000 as a result of:
The drawdown of £30,000,000 End Year Flexibility (EYF) to meet agreed spending plans; the drawdown of £25,000,000 EYF to cover access to reserves by our Non-Departmental Public Bodies; and, an additional £6,426,000 arising from the resource to capital switch detailed above.