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 2018 and the forecast of expenditure to 31 March 2019 in comparison to the 2018/19 original budget (for copy see file of minutes).

The Finance Manager reported that at 30 September 2018 actual net expenditure was £38,601, a small overspend of £74 against the profiled budget of £38,527.

It was anticipated that actual expenditure at 31 March 2018 would be slightly lower than the original budget, therefore the sum required to be drawn from reserves to balance the budget would be expected to reduce from £12,086 to £7,456.

Resolved:

i)     That the outturn position for the period ended 30 September 2018 be noted.

ii)    That the forecast outturn to 31 March 2019 be noted.