The Audit Commission operating income was £219.7m last year of which £193.2m was from fees and £23.9m from government grants, according to its latest annual accounts for 2007/8. The commission's operating surplus was £3.9m while its pension liability was £16.7m, up from £14.7m year before. It employs 200 staff costing £109m and has appointed 45 lead CAA positions 36 of them internally. Salary details of directors and board members were shown in the accounts with chief executive Steve Bundred topping the list at £198,000 plus £14,000 bonus. Gareth Davies, managing director for local government, was on £159,000 including bonus and chairman Michael O'Higgins was on £87,000 for an average two-day week. The commission intends to cut spending by £25m by 2010/11 and keep audit fee rises to 1.5% from then. It has also set itself tough diversity targets. By 2012 8% of the workforce will be disabled, 50% filled by women and 10% of senior posts will be BME.
