College sustainability
Mandatory requirements
The Financial Memoranda make reference to further documents which set out detailed mandatory requirements.
Incorporated colleges
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.
Financial forecasts
Institutional Efficiency
Examples of institutional efficiencies [PDF] from previous returns.
Financial statements
Colleges have agreed to provide a copy of their financial statements for 2018-19 for publication on the SFC website as a central source of information for other stakeholders.
2019-20
2018-19
2017-18
2016-17
Previous years
The financial statements have been properly prepared in accordance with the
Statement of Recommended Practice for Further and Higher Education (SORP)
Accounts direction
Early retirement and pensions