Budget 2018

Budget Update

The appointment of Solve as our new financial controller has allowed me to undertake a radical relook at how the budget is presented to the Board.

Over the past few moths we have analysed the budget and will be presenting the new format to the Corporate Governance and Audit Committee and then to the Board.

The key changes are that the income generating departments - Events, IAP, Education and Membership/Journal will all now be charged for corporate services whether internal or external. Departments will not be subsidised and we will know know the true profit and loss status of each programme rather than the current situation where costs have not been applied.

This will be presented at the next Board meeting