The Head of Finance and Resources, Paul Riley,
introduced the report detailing the financial analysis of the
Committee’s services in the second quarter of 2015/16. The
Committee was informed that there had been improvement on the first
quarter, but the Museum continued to present an underlying
problem.
In response to questions it was explained
that:
·
Large exhibitions at the Museum could be lucrative but were risky
to put on due expense and spatial restrictions. The Brick City
exhibit – featuring famous structures crafted using
lego - had provided cross-generational
appeal and had been sponsored. This would not be achievable with
all exhibitions.
·
The Museum shop had a projected outturn of -£23,430.00.
Should this reach -£30,000.00 it would become a significant
concern, at which point the issue would come back to the
Committee.
RESOLVED:
That the revenue budget position as at
September 2015, the predicted outturn to 31 March 2016 and the
actions being taken to control the potential adverse variance be
noted.
For – 9 Against – 0
Abstain – 0