FINANCIAL INFORMATION AND EXPENDITURE

Financial Information

Financial Regulations

The Financial Regulations (PDF, 692kb) for the Mayoral Combined Authority set out the financial management policies that we operate and they are a key part of our financial governance arrangements. The Financial Regulations help members and officers to manage the Mayoral Combined Authority’s finances in line with best practice.

Annual Statement of Accounts

The 2025/26 Annual Statement of Accounts represent the formal statutory financial accounts of the South Yorkshire Mayoral Combined Authority (MCA) prepared in accordance with the financial reporting rules applicable to local authority accounting. 
In addition to the MCA’s single entity accounts, they also include Group Accounts comprising the MCA’s accounts, accounts of the Chief Constable for South Yorkshire, and the accounts of South Yorkshire Future Trams Limited (SYFTL).

The financial performance reported in the Statement of Accounts is based on the same underlying records as those of the Outturn Report which will be presented to the MCA Board at its meeting on 14 July 2026 but adapted to comply with CIPFA’s Code of Practice on Local Authority Accounting. A reconciliation between the two formats is provided in the Narrative Report.

The Statement of Accounts is now open to public inspection for a period of 30 working days from 1 July 2026. During this period local electors may exercise their rights and ask questions of the auditor. The attached Notice provides further detail in this respect and contact details for the external auditor.

The Statement of Accounts will also be subject to audit. On conclusion of the audit, the auditors will report their findings to the Audit, Standards and Risk Committee together with any audit adjustments made, and MCA board will be asked to formally approve the audited Statement of Accounts for issue and publication.

Also attached for reference are the unaudited 2025/26 Statement of Accounts for SYFTL.

The unaudited 2025/26 Statement of Accounts for the Chief Constable for South Yorkshire are available on South Yorkshire Police’s website

• SYMCA Unaudited statement of accounts 2025/26 (PDF 6.1MB)
• South Yorkshire future trams Limited unaudited statement of accounts 2025/26 ( PDF 617KB)
• Notice of inspection rights ( DOCX 16.4KB)

The MCA’s audited 2024/25 Annual Statement of Accounts and Auditors Annual Report, and, the audited 2023/24 Annual Statement of Accounts for the former Police and Crime Commissioner and related Auditors Annual Report can now be found in the Archived Statement of Accounts page.

Annual Statement of Accounts for previous financial years 

These are available on our Archived Statement of Accounts page. 

Expenditure

Transport Revenue Budget

The Mayoral Combined Authority is responsible for approving the annual revenue budget prior to the start of the financial year within the Budget and Policy Framework. This includes setting the transport levy and estimating income and expenditure for Travel South Yorkshire (TSY).

Capital Programme

The Mayoral Combined Authority is also responsible for agreeing an annual programme of capital expenditure, together with proposals for the financing of that programme. This includes schemes promoted by both the Mayoral Combined Authority and those directly managed by Travel South Yorkshire (TSY).

Grants Awarded

All schemes and projects seeking capital investment from the South Yorkshire Mayoral Combined Authority undergo a thorough appraisal to assess the merits of the application, its strategic fit and value for money. Projects which have progressed through the appraisal process are presented to the Mayoral Combined Authority Board for approval.

Items of Mayoral Combined Authority Expenditure over £250

As part of our commitment to be open and transparent, we publish information on all payments made to suppliers and organisations that have a value of more than £250 on a monthly basis. 

View Payments to Suppliers page.

Please note that our expenditure is categorised using the ProClass system. This means that each supplier has a defined category which they are assigned, but this does not necessarily mean this is what we are buying. This data is provided for free reuse, including commercial reuse. The right for further use is covered by the Open Government License, published by the National Archives and as recommended by HM Government Data.

Corporate Card Spend

We publish information on all payments made on corporate cards on a quarterly basis.

These payments are incorporated into the monthly payment listings of items of expenditure over £250 cross referenced “GPC”

Expenses and Member Allowances

The Mayor of the South Yorkshire Combined Authority receives an allowance of £107,000 per annum payable from 7 May 2024. A report, by an independent panel, recommending this level of remuneration was considered by the Combined Authority on 4 June 2024 and is available on our Committees and Meetings database website.

No remuneration is paid to the Leaders of the Constituent and Non-constituent members of the Mayoral Combined Authority Board, elected members appointed to other committees established by the Combined Authority. The authority does however provide an allowance to two independent members of the Audit, Standards and Risk Committee. More detail regarding allowances can be found in our Constitution of the Combined Authority.

Members are entitled to claim back travel and subsistence costs incurred whilst undertaking duties and responsibilities on behalf of the Combined Authority and we publish quarterly reports on expenses claimed by members. 

Contracts Register

We are committed to publishing details of all contracts and agreements in place. This information is available in our Contracts Register spreadsheet (pdf, 174kb) updated May 2025.

Summaries of local bus service contracts awarded by SYMCA are available in our Bus Service Contracts (pdf, 528kb), updated June 2025.