Our Finances
Strathclyde Fire & Rescue is primarily funded through
contributions from its 12 constituent councils who are represented
on its Board. In 2010/11 they collectively paid £127m towards
the ongoing running costs, or revenue expenditure.
Of these running costs, 84% relates to employee costs and
pensions. The balance of running costs was funded through
miscellaneous income, and employee and
employer contributions relating to firefighters
pension schemes (£22m).
Capital expenditure, incurred in the creation and enhancement of
assets, is funded predominantly through grants from the Scottish
Government, with an element of this coming from the sale of assets,
and also from borrowing.
In 2010/11, £18.7m was spent on capital investment in relation
to a number of projects. Construction of our new state of the art
training centre continued at our new site in Clydesmill,
Cambuslang. Other items included new firefighting equipment,
replacement vehicles for our fleet, refurbishments and minor works
at some of our other properties, and upgrading of our IT systems
and infrastructure.
Our financial position is monitored by the Corporate Management
Team on a monthly basis and also by the Board at each of its
meetings. The Budget Scrutiny
Forum of the Board, comprising of 7 elected members, is
responsible for providing further scrutiny on financial
matters.
The financial year runs from 1st April to 31st March and we are
required to submit draft accounts for audit by 30th June. Our
auditor, appointed by the Accounts Commission, is Grant Thornton UK
LLP.
