1 / 6

Financial summary; UK Common Fund

K. Long, Friday , 24 th April 2009. Financial summary; UK Common Fund. Phase I financial summary:. Financial year 2008/09 outturn (first estimate) Phase I now closed. Phase II financial summary:. Financial year 2008/09 outturn (first estimate): As reported in previous meetings:

aviv
Download Presentation

Financial summary; UK Common Fund

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. K. Long, Friday, 24th April 2009 Financial summary; UK Common Fund

  2. Phase I financial summary: • Financial year 2008/09 outturn (first estimate) • Phase I now closed

  3. Phase II financial summary: • Financial year 2008/09 outturn (first estimate): • As reported in previous meetings: • Significant overspend (total £601k) • Staff o/s: £444k; non-staff o/s: £288.32k • Measures in place to control staff and non-staff spend • Cost to UK of programme as presented in schedule paper: • Issue: • Concern over whether allocation is sufficient to deliver schedule as presented

  4. Common Fund 2008/09: • From Common Fund agreement June 2008

  5. Status: • Status of collection of 2008/09 levy: • Income and expenditure:

  6. Common Fund 2009/10: • Next week (end of April) will initiate 2009 census: • Common Fund agreement defines census date as 1st April each year • The list of eligible members of the collaboration will then be agreed by the Collaboration Board at the next MICE collaboration meeting (31May—03Jun09) • The invoices will then be raised

More Related