Agenda item

Charter Trustees considered a report of the Treasurer that provided information on the actual expenditure compared to the profiled budget for the period ending 30 September 2014; and the forecast of expenditure to 31 March 2015 in comparison to the 2014/15 original budget (for copy see file of minutes).

The Treasurer reported that at 30 September 2014 actual net expenditure was £26,331; an underspend of £2,463 against a profiled budget of £28,794. It was anticipated that actual expenditure at 31 March 2015 would be slightly lower than the original budget, therefore the sum required to be drawn from reserves to balance the budget would therefore be expected to reduce from £4,695 to £808.

Resolved:

(i)            That the outturn position for the period ended 30 September 2014 be noted.

(ii)          That the forecast outturn to 31 March 2015 be noted.