Issue - meetings

Mr Harrington, the Finance Manager, advised the Board of the 2 month result to the end of May 2006 and the forecast to the end of the year. Members were asked to note that the result for period 2 showed a saving of £64K before development costs (set out in Appendix 1 of the report); representing an overall saving against budget of 17.2% for the comparable period.

                                    In response to questions from Mr Tarpey in respect of the £26,000 variance Mr Harrington advised that this figure related to Park Development Costs namely from accounts from the previous year and were related to late invoice payments. 

                        RESOLVED

                        That the contents of the report be noted and agreed.