1 REPORTING ON ANNUAL OUTPUTS

1.1 The RSL is required to provide the Corporation and local authorities with monitoring information on RTA transactions. With effect from April 2001 the RSL will be required to record data via the internet using the Corporation’s IMS system. The RSL will be required to record all income and expenditure data concerning the Disposal Proceeds Fund, together with details of replacement properties.  This annual return should be a national return for each RSL showing all RTA transactions and the required data must be input to IMS.  The RSL should provide a copy of the return to each local authority in which sales have taken place.

 Certifications

1.2 The information provided by the RSL on the annual return is the means by which the outputs will be monitored. Therefore the Corporation is reliant on RSLs certifying compliance with the RTA procedural requirements and ensuring that a print off of the annual return is shown to the RSL's external qualified auditor and signed by the RSL's authorised signatory.

1.3 The annual return should be completed by no later than 20 working days after the end of the Corporation's financial year to which it applies.

1.4 The RSL’s external auditors will report on this annually in their consolidated regularity report.  See circular R2-40/98 and GENERAL-9.

2 DISPOSAL PROCEEDS FUND (DPF)

2.1 Details of how to calculate contributions to the DPF, permitted uses of the DPF and accounting and administration arrangements are set out in the Disposal Proceeds Fund Section of this guide.