PSAG mtg 20/03/2015 Finance Alan Grant

2 PSAG mtg 20/03/2015 Finance Update FY14/15 – February Figures Additional capital funding in January of £63K Additional resource funding in January of £30K Additional funding in January of £56K …….from last yr STAK00014/14B FINANCE are using our December outturn figures Capital project forecasting an overspend of £20.5k Resource project forecasting an underspend of £19.9k Figures include encumbrance approx £62.8k Projected overspend for FY14/15 including encumbrance is £0.67k

3 PSAG mtg 20/03/2015 Will only meet this projection if all orders including encumbrance are receipted this FY…pushing to make this happen. Final payment for Focus Coils now receipted Negotiated a final payment of £10.5k Allocated £25k….so have additional £14.5 to spend in March Finance Update FY14/15 – February Figures

4 PSAG mtg 20/03/2015 Finance Update FY14/15 – February Figures

5 PSAG mtg 20/03/2015 Preliminary budget forecast for next FY in progress We already have an allocation………need to manage this across all wp’s Wp managers are updating project plans for 15/16…..including costs. Budget Setting For FY 2015/16 Preliminary budget forecast and Current Allocation for FY 2015/16. These figures do not include income !!