Summary
This report outlines actual income and expenditure against the approved budget as at 31 December 2015 (Month 9) for the Grants Committee and provides a forecast of the outturn position for 2015/16 for both actual and committed expenditure on commissions, including matched funded ESF commissions, and the administration of all commissions. At this stage, a surplus of £1.141 million is forecast over the approved budget.
The Grants Committee is asked to :
• Note the projected surplus of £1.141 million for the year; and
• Note the projected level of Committee reserves and the commentary on the financial position of the Committee included in paragraphs 14-15.
