LCFI Management Report o Funding for LCFI to end of 2008 (Dec 31) o Existing programme: Largely on target and on budget! –As of Dec, running ~£100k under budget (1.6% of total) –Deliverables for Phys, Mech late by few months, but restructured –Deliverables for sensors in similar situation (except ISIS2: catching up fast) –Considerable flexibility and working margin (ie Testbeam WP) –With no cuts to staff, losing only CPC3 deliverable: save >£400k+WM&C≈£1M o Budgets: see next two slides for July ‘07 and Jan ‘08 snapshots o Asked to re-justify our project in post-”Delivery Plan” era –POsC: emphasized WP2 (ISIS2), WP6, testbeams –Discussions with STFC: more productive –Carrot & Stick: no ILC funding, ave. redundancy cost: 2 year’s salary (tax free) o Likely impact on groups: –Edinburgh, Glasgow, Nijmegen, Montenegro, ASCR Prague: no change –Bristol: maintain 3/4 FTE originally requested –Liverpool, Oxford: maintain 1/2 FTE originally requested –RAL: 1/3 FTE originally requested? –Can expect another ~£500k savings, but with reduced deliverables

Finances (July ‘07) Finance data through July ‘07. Running ~£350k under budget (primarily staff hiring delays).

Finances (Jan ‘08) Savings before any loss of staff or deliverables: £800k + £320k contingency