Source · Select Committees · Public Accounts Committee
Recommendation 15
15
FCDO lacks real-time oversight of how posts spend allocated estate maintenance funds.
Conclusion
Around £530 million of FCDO’s estate funding is held centrally by ESND and around £127 million is allocated to posts. FCDO told us that it does know how much of this £127 million is spent by posts on their estate, but only retrospectively. This is because funds are held locally and only by retrospectively examining the accounts can it identify how much has actually been spent on estate purposes.42