§ Mr. BettsTo ask the Secretary of State for Employment what unspent revenues TECs had at the end of 1991–92; and what percentage of their overall budget this represented.
§ Mr. McLoughlinMy right hon. Friend the Secretary of State is unable to respond on behalf of my right hon. Friends the Secretaries of State for Scotland and for Wales, who now have responsibility for the delivery of programmes in those areas.
TECs in England are required, under the operating agreement, to produce audited accounts within four months of the end of the financial year.
These accounts reveal the total operating surplus as at the end of the financial year and on a cumulative basis; however, this information is not published as a percentage of the overall budget.
The accounts for the financial year ending 31 March 1992 are now in the public domain and available from individual TECs.
The need for this information on an aggregated basis has been recognised and the format of the Employment Department appropriation account for 1993–94 onwards has been amended to take this into account.