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Less support for Strathclyde

11th October 1986
Page 20
Page 20, 11th October 1986 — Less support for Strathclyde
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Which of the following most accurately describes the problem?

• In its last financial year before deregulation, Strathclyde Passenger Transport Executive has managed to reduce the net level of operational support grant required by its direct bus operation by 37%.

During 1985/86, it also achieved a high measure of service reliability according to the latest SPTE annual report and accounts.

The original estimated support requirement for SPTE's bus operation in 1985/86 was agreed at 212.8 million — based on an estimated income of 244.9 million and costs of 257.7 million, including net revenue account charges of 25.4 million.

However, during the year SPTE's actual income was 245.6 million, while costs were 254 million. This resulted in a lower support requirement of 28.4 million. The net support requirement consisted of a shortfall of 23.8 million in terms of operational deficit and 24.6 million in nonrecurring expenditure.