FINANCIAL INFORMATION AND EXPENDITURE
Financial Information
Financial Regulations
The Financial Regulations (PDF, 277kb) for the Mayoral Combined Authority set out the financial management policies that we operate and they are a key part of our financial governance arrangements. The Financial Regulations help members and officers to manage the Mayoral Combined Authority’s finances in line with best practice.
Annual Statement of Accounts
The 2022/23 Annual Statement of Accounts represent the formal statutory financial accounts of the South Yorkshire Mayoral Combined Authority (MCA) and Group prepared in accordance with the financial reporting rules applicable to local authority accounting.
The Group’s financial performance reported in the Statement of Accounts is based on the same underlying records as that presented in the Outturn Report presented to the Mayoral Combined Authority (MCA) at its meeting on 5 June 2023 but presented in a different way. A reconciliation between the two is provided in the Narrative Report.
In addition to the Authority’s Statement of Accounts, an Annual Statement of Accounts has also been prepared for South Yorkshire Passenger Transport Executive in its final year as a separate legal entity prior to its dissolution on 1 April 2023.
Both sets of single entity accounts (MCA and SYPTE) have been considered by the MCA’s Audit, Standards and Risk Committee at its meeting on 21 June prior to publication. The unaudited Statement of Accounts are now being placed on deposit for a period of 30 days from Monday 3 July to enable local electors to inspect the Annual Accounts and all books, deeds, contracts, bills, vouchers and receipts relating thereto. Local electors also have over the same 30 day period the right to ask the auditor any questions about the accounts. Further details on local elector rights and contact information is contained in the Notice of Audit.
Both sets of accounts will be audited in due course. The audited Annual Accounts will be published on the website once the results of the audit have been considered by the MCA and the audited Annual Accounts have been formally adopted.
Finally, users of the Annual Accounts attention is drawn to the fact that the audit of the 2021/22 Annual Accounts for both the MCA and SYPTE remains open. This is due to an outstanding issue over the pensions information disclosed in both sets of accounts which has emerged late in the audit process and which has yet to be concluded at the time that the 2022/23 Annual Accounts are being published. There is therefore a risk that the comparatives and opening balances presented in the 2022/23 Annual Accounts relating to 2021/22 pensions may change if the 2021/22 accounts have to be adjusted.
Annual Statement of Accounts for previous financial years
These are available on our Archived Statement of Accounts page.
As set out above, the audit of the 2021/22 accounts for the Authority and Group and SYPTE has still to be completed. The Unaudited 2021/22 Statement of Accounts will therefore remain available to the public in this section of the website until the outstanding audit issue has been resolved and the audit concluded.
- Notice of Audit for the Year Ended 31 March 2022 - Update November 2022 (PDF, 29kb)
- Notice of Audit for the Year Ended 31 March 2022 - Update July 2022 (PDF, 60kb)
- Annual Statement of Accounts - 2021/22 (PDF, 2mb)
Annual Report from Section 73 Officer
As part of the annual review by Government each year, the lead Financial Officer is required to produce a written statement on the LEP’s financial management processes.
The Annual Assurance Statement – Section 73 Officer (PDF, 118kb) explains the measures that have been put in place over the last year to control and monitor LEP funding and expenditure.
Expenditure
Transport Revenue Budget
The Mayoral Combined Authority is responsible for approving the annual revenue budget prior to the start of the financial year within the Budget and Policy Framework. This includes setting the transport levy and estimating income and expenditure for Travel South Yorkshire (TSY).
Capital Programme
The Mayoral Combined Authority is also responsible for agreeing an annual programme of capital expenditure, together with proposals for the financing of that programme. This includes schemes promoted by both the Mayoral Combined Authority and those directly managed by Travel South Yorkshire (TSY).
South Yorkshire Mayoral Combined Authority Pay Grade Structure
Read the senior employee salary information for the current financial year - we're working on making these documents accessible and will add them when available
Grants Awarded
All schemes and projects seeking capital investment from the South Yorkshire Mayoral Combined Authority undergo a thorough appraisal to assess the merits of the application, its strategic fit and value for money. Projects which have progressed through the appraisal process are presented to the Mayoral Combined Authority Board for approval.
Items of Mayoral Combined Authority Expenditure over £250
As part of our commitment to be open and transparent, we publish information on all payments made to suppliers and organisations that have a value of more than £250 on a monthly basis.
View Payments to Suppliers page.
Please note that our expenditure is categorised using the Proclass system. This means that each supplier has a defined category which they are assigned, but this does not necessarily mean this is what we are buying. This data is provided for free reuse, including commercial reuse. The right for further use is covered by the Open Government License, published by the National Archives and as recommended by HM Government Data.
Corporate Card Spend
We publish information on all payments made on corporate cards on a quarterly basis.
These payments are incorporated into the monthly payment listings of items of expenditure over £250 cross referenced “GPC”
Expenses and Member Allowances
The Mayor of the South Yorkshire Combined Authority receives an allowance of £79,000 per annum payable from 28 July 2020. A report, by an independent panel, recommending this level of remuneration was considered by the Combined Authority on 25 January 2021 and is available on our Committees and Meetings database website.
No remuneration is paid to the Leaders of the Constituent and Non-constituent members of the Mayoral Combined Authority Board, elected members appointed to other committees established by the Combined Authority. The authority does however provide an allowance to two independent members of the Audit and Standards Committee. More detail regarding allowances can be found in our Constitution of the Combined Authority.
Members are entitled to claim back travel and subsistence costs incurred whilst undertaking duties and responsibilities on behalf of the Combined Authority and we publish quarterly reports on expenses claimed by members.
Contracts Register
We are committed to publishing details of all contracts and agreements in place. This information is available in our Contracts Register spreadsheet document updated February 2023 (pdf, 275kb).