Institutional finance for colleges
The Financial Memoranda make reference to further documents which set out detailed mandatory requirements.
Incorporated colleges were reclassified as arms-length central government bodies in April 2014. They are now subject to the Scottish Government Regulatory and Reporting Framework which includes compliance with the Scottish Public Finance Manual, Consolidated Budgeting Guidance, Financial Reporting Manual and Whole Government Accounts.
Examples of institutional efficiencies [PDF] from previous returns.
2015 and before
The financial statements have been properly prepared in accordance with the Statement of Recommended Practice for Further and Higher Education
Early retirement and pensions