PSAG mtg 3/2/2014 PSAG mtg Alan Grant

2 PSAG mtg 3/2/ MICE Finances FY 2013/14

3 PSAG mtg 3/2/2014 Capital / Resource Transfers Transfers from current year upto the end of June and previous years now done. This totalled 2.8M All takes place in this FY causing problems with knowing the current spend in year Capital OTF down – Resource OTF up with added overhead STAK00014B

4 PSAG mtg 3/2/2014 Capital / Resource Transfers Working towards trying to get details for spend for each wp, so JV’s added together and transfers removed from spend sheet Transfer required from April – December applied to the STAK00014B project Very high possibility of errors Labour transfers in the April – June JV’s difficult to know detail Further transfer needed for the rest of the year Caroline supplying Roy with details of spend each week Changes to the OTL Large capital spend go on to the asset project STAK00058

5 PSAG mtg 3/2/ Bring Forward Spend Sept provided STFC with capital spend list Dec allocated 270k for capital spend

6 PSAG mtg 3/2/ Outturn Projection FY 13/14 Capital/resource transfers introduced part way through FY impact significantly ~ £113k  Will MICE incur this o’head cost? – was not planned for when setting budgets Working towards closing out all capital/resource transfers Picture may change once this has been done Assumed agreed overspend of 8% Figures include bring forward capital of £270k

7 PSAG mtg 3/2/2014 New structure STAK00058

8 PSAG mtg 3/2/2014 New structure Resource Project –Setup to be given to Caroline –Full operation in the new FY –Try to capture the asset build –Future

9 PSAG mtg 3/2/ MICE Finances - Forward Look

10 PSAG mtg 3/2/ Budget Estimate FY2014/15 – Resource Loaded Staff cost are STFC only Figures include risk mitigation costs of 205k Ops & Analysis staff costs assume 2 FTE of effort from ISIS - this helps to mitigate risk Figures are for rough estimate purposes only for 2014/15!! - budget estimate work ongoing Figures do not include any external income - Common Fund or EuCard 122k

11 PSAG mtg 3/2/ Resource Loaded Forward Look Spend to Step VI Flat cash allocation assumed - £3,050M excludes RG’s STFC staff costs include overheads Risk mitigation costs included in Grand totals Figures include 2FTE of ISIS staff in operations & analysis wp – mitigates a lot of risks to the project Income lines – Common Fund & Eu Card Proposed delivery of RFCC#2 in Sept 2019 means an allocation will be needed in 2019/20 FC#3 large capital expenditure 2017/18/19