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Revenue Outturn 2017/18

Joint Report of the Chamberlain and the Headmistress.

Minutes:

The Board considered a report of The Chamberlain and Headmistress presenting the Revenue Outturn for 2017/18. The Chamberlain pointed out the relatively minor variation in the outturn for income and expenditure of £29,000. The Bursar reported that the main reason for the increase in expenditure was additional support service costs. In light of an understanding that all support services provided by the City of London Corporation should be cost neutral to the school, it was requested that an explanation be provided in due course as to why some services were accounted for outside of City Support.

 

It was noted that the tuck shop and vending machine had come in £17,000 less than budgeted although this was partially offset by the savings on purchase of supplies so the overspend only amounted to about £9,000. The school was asked to monitor the contract to see if the reduced use of the service was the start of a trend.

 

RESOLVED – That the Revenue Outturn report be noted.

Supporting documents:

 


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