LFCS budget report Prepared for the 30 November 2001 Research Committee meeting All figures are given to the nearest thousands of pounds. These relate only to the LFCS cash accounts, and include nothing belonging to individual grants. Review of 2000/2001 Income Planned Actual Cash 10 10 Reserves 15 15 Overheads 15 15 Miscellaneous 15 12 -- -- 55 53 The cash budget comes from the Division, and is based on the numbers of staff and research students. The Division also passes on a portion of grant overheads to institutes. Miscellaneous income comes from grants, and is often linked to specific expenditure. Expenditure Planned Actual Studentships 25 31 Travel, workshops 7 3 Equipment 16 8 Seminars, events 5 6 Small projects, misc. 5 6 -- -- 58 54 The excess expenditure on studentships includes support for Miki Tanaka which is to be collected from GDP grant. Reserves From 1999/2000 46 Withdrawn 15 Overspend on year 1 -- To 2000/2001 30 Plan for 2001/2002 Income estimates Cash 10 Overheads 16 Miscellaneous 30 -- 56 I have left out the infrastructure charge on grants, which is collected by LFCS and spent by the CO's. The unusually large miscellaneous figure includes closing some grants; also charging various LFCS PhD students to existing grants (under negotiation). Expenditure Studentships 30 Travel, workshops 6 Equipment 8 Seminars, events 6 Small projects, misc. 6 -- 56 The studentships are for Martin Lange, Shin-ya Katsumata and Ted Fomenko. Other estimates are approximately in line with actual expenditure for last year. We are carrying forward £29.5k reserves from last year, and do not plan to draw on it this year. The cash budget devolved from the Division, together with our overhead fraction, is broadly sufficient to cover general LFCS expenditure, but not studentships. For this year, we expect to make up the difference without drawing on reserves, which is good news. This is unlikely to be possible every year. Ian Stark November 2001