| REPORT TO THE TOURISM PARTNERSHIP BOARD |
Appendix
A |
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| Meeting held on
11th April 2002 |
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| FINANCIAL POSITION
STATEMENT as at end February
2002 |
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2000-01 |
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2001-02 |
2001-02 |
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previous year |
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Expend |
Income |
Net total |
Net total |
Budget |
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Spend |
Budget |
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to date |
Budget |
to date |
Budget |
to date |
Budget |
Left |
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£ |
£ |
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£ |
£ |
£ |
£ |
£ |
£ |
£ |
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| Tourism Activity |
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| Image Campaign |
374,379 |
320,000 |
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371,612 |
346,664 |
(146,000) |
(146,000) |
225,612 |
200,664 |
(24,948) |
Overspend to be carried
forward |
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| Isle of Wight
Guide |
(69,860) |
(92,865) |
|
407,728 |
506,531 |
(609,327) |
(603,000) |
(201,599) |
(96,469) |
105,130 |
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| Summer &
Winter Pocket Guides |
(43,419) |
(50,000) |
|
142,418 |
164,000 |
(202,806) |
(215,000) |
(60,388) |
(51,000) |
9,388 |
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| Call
Centre/Hotline |
57,333 |
17,359 |
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232,955 |
396,214 |
(216,538) |
(386,464) |
16,417 |
9,750 |
(6,667) |
Under-recovery of income |
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| Commercial
Membership |
(63,310) |
(63,901) |
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48,293 |
50,559 |
(118,489) |
(117,041) |
(70,196) |
(66,482) |
3,714 |
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| Westridge
Conference |
(1,020) |
(12,292) |
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0 |
0 |
(2,295) |
(11,705) |
(2,295) |
(11,705) |
(9,410) |
Under-recovery of income |
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| Exhibitions |
4,631 |
(36,000) |
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64,079 |
71,500 |
(38,977) |
(77,131) |
25,102 |
(5,631) |
(30,733) |
Balance of c/fwd
overspend |
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| Events |
221,125 |
201,884 |
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81,539 |
46,913 |
(82,462) |
(55,000) |
(923) |
(8,087) |
(7,164) |
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| Misc.
Publications |
(4,292) |
81,113 |
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81,408 |
129,908 |
(82,636) |
(139,382) |
(1,228) |
(9,474) |
(8,246) |
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| Misc.
Activities |
33,021 |
23,761 |
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65,346 |
83,350 |
(10,904) |
(22,350) |
54,442 |
61,000 |
6,558 |
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| Administration/Overheads |
621,799 |
466,397 |
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561,345 |
680,014 |
(176) |
0 |
561,169 |
680,014 |
118,845 |
Some potential savings |
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| Sub-Total,
Westridge |
1,130,387 |
855,456 |
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2,056,723 |
2,475,653 |
(1,510,609) |
(1,773,073) |
546,114 |
702,580 |
156,466 |
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| Tourist Information Centres |
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| TIC Premises & Office
Costs |
56,636 |
58,813 |
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50,811 |
58,280 |
0 |
0 |
50,811 |
58,280 |
7,469 |
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| Accommodation
Bookings |
(12,725) |
(15,000) |
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0 |
0 |
(12,373) |
(15,000) |
(12,373) |
(15,000) |
(2,627) |
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| Administration/Overheads |
197,198 |
200,491 |
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269,806 |
300,480 |
(16,674) |
(75,080) |
253,132 |
225,400 |
(27,732) |
TIC sales income not yet
included |
| Sub-Total TICs |
241,109 |
244,304 |
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320,617 |
358,760 |
(29,047) |
(90,080) |
291,570 |
268,680 |
(22,890) |
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| Overall Total |
1,371,496 |
1,099,760 |
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2,377,340 |
2,834,413 |
(1,539,656) |
(1,863,153) |
837,684 |
971,260 |
133,576 |
Total Net Budget
available end Feb |
| FIDO check |
11,835 |
103,927 |
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(10,052) |
971,260 |
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847,735 |
0 |
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+ve = net expenditure |
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+ve
= budget left |
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(
) = net income |
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( ) = budget overspent
or awaiting income due |
| Notes: |
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| Miscellaneous
Activities include the following:- |
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Public Relations,
Co-ordinated Advertising, Research, Corporate Identity, Tourism
Guides-Mainland Distribution, |
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Leaflet Distribution,
Holiday Insurance, Mail Order, Direct Marketing, Internet, Best Value. |
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| Miscellaneous
Publications include the following:- |
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Camping &
Caravanning, Accessible Isle of Wight, Teachers' Marketing, Newport Street
Plan, Eating Out Guide, Town Maps |
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Pub Walks, Golfing
Leaflets, Xmas Breaks, Bird Watching, Coastal Paths 2000, Rural Tourism,
Sandown Bay Guide |
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