| Description | The Cabinet Secretary for Finance and Sustainable Growth, John Swinney, commissioned a Review of public sector Asset Management which, in the first instance, should focus only on the Scottish Government estate. The aim was to consider the current status and quality of the management of our buildings and land. In doing so the Review has sought to establish the facts and identify the anomalies, weaknesses and opportunities to bring about the more efficient and effective use of of our estate. |
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| ISBN | (Web Only) |
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| Official Print Publication Date | |
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| Website Publication Date | January 28, 2008 |
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ANNEX F GLOSSARY OF TERMS
Assets
Rights or other access to future economic benefits controlled by an entity as a result of past transactions or events. Fixed Assets are assets with an expected life of more than 1 year held for use on a continuous basis e.g. land and buildings.
Scottish Public Finance Manual
The Scottish Public Finance Manual (SPFM) is issued by Scottish Ministers to provide guidance to the Scottish Government and other relevant bodies on the proper handling and reporting of public funds.
Scottish Public Sector Property website ( http://www.scottish-property.gov.uk/)
The Facilities and Estates Services Division of the Scottish Government operates this website "Scottish Government Property Pages" on behalf of Scottish Ministers. Its purpose is to help participating Scottish public sector bodies dispose of their surplus properties quickly and efficiently, and to help potential buyers locate who is marketing particular surplus properties.
Core estate
This is the estate managed directly by Facilities and Estates Services.
Budget holder
An individual formally authorised to commit and be responsible for expenditure on behalf of an organisation and the government, in accordance with internal accounting rules and regulations and statutory requirements.
The 'Green Book'
This is the central point for access to guidance on the economic assessment of spending and investment and to related guidance including the preparation of business cases for the public sector. The Green Book methodology should be used to make an economic assessment of the social costs and benefits of all new policies projects and programmes including the economic assessment of regulations under regulatory impact analysis. As recommended by the Green Book all spending proposals should be accompanied by a proportionate and well structured business case.
The Green Book provides an overall methodology for economic assessment.
Net Present Value
The discounted value of a stream of either future costs or benefits. The term Net Present Value is used to describe the difference between the present value of a stream of costs and a stream of benefits.
Section 75
Planning agreements, under Section 75 of the Planning Act in Scotland, allow planning authorities to enter into a legal agreement with any person with an interest in the land for the purpose of restricting or regulating the development or use of land. The agreement may last indefinitely or for a certain period and contain financial requirements.
Finance Guidance Note
Finance Guidance Notes (FGNs) are issued on behalf of the Scottish Ministers as either stand alone guidance or in order to announce substantive amendments to the Scottish Public Finance Manual (SPFM).
Infrastructure Investment Group
Senior management group responsible for strategic infrastructure delivery and investment issues.
ePIMS
The Office of Government Commerce's electronic Property Mapping Service is a database of Government's civil estate occupations. It displays the precise location and outline of departments' properties, holdings and occupations on computerised maps and is available over the Government Secure Internet.
MOTO
Memorandum of Terms of Occupation is an administrative term describing a standard internal agreement between government departments.
NIA (Net Internal Area)
Royal Institution of Chartered Surveyors' Code of Measuring Practice: The useable area within a building measured to the internal face of the perimeter walls at each floor level.