ARP Joint Committee Financial Report 2015-16
Report of ARP Treasurer.
The Executive Director for Commercialisation (BDC) presented the report and updated the Joint Committee on the out-turn position for 2015-16. Approval to distribute the remaining 2015-16 surplus was requested.
Members were informed that enforcement service was well above the expected performance and had exceeded all expectations. After the contributions listed at section 1.5 of the report a surplus of £371k had been generated and the table on page 55 of the agenda highlighted how this surplus had been distributed to each partner in accordance with the agreed percentages.
The Chairman said that these figures highlighted how well this operation was working.
- the report and appendix be noted; and
- the remaining surplus of £370,821 be distributed to partners based on the 2015-16 gain share percentages.