F&GP Meeting November 2017

Hotel Costs vs Budget

The following summarises the main YTD cost variances for discussion  Wages & Salaries Wages & Salaries (34.7k) higher than budget YTD. (4.3k) higher for the month of Sept 17  Cleaning & Laundry Cleaning & Laundry YTD favourable variance of £7.7k  Marketing The Marketing costs are £22.2k below the budget as Tim is trying to keep all the cost under control.  Garden Expenditure Garden Expenditure Costs are (£6k) higher than budget for YTD. The budget for Garden expenditure does not include Alison’s salary who left in Jan 17. New Gardeners invoices go under this code hence garden costs are likely to be higher than budget in next coming months. In September 17 garden expenditure included an unexpected cost to clear away fallen branches of cedar due to high winds  Rates & Insurance Rates & Insurance costs are in line with the budget for Sept 17  Commissions Due to increase in occupancy the commissions are (£6k) higher than expected YTD  Heat, Light & Power Heat Light & Power costs are £3.5k lower than the budget for Sept and £9.8k lower than budget YTD.  Donation Hotel pays £4k to GFTU on monthly basis as a gift aid. There was no budget for this item. IT Expenses are overspent by (£12.8k) for YTD this is partly due to IT issues that Hotel had been facing i.e. final rewiring & cabling works, Entegraty SLA and Installation of 2 new cameras  Repairs & Maintenance Repair & Maintenance overspent by (£4.2k) due to costs incurred such as fire extinguisher maintenance, pat testing and room maintenance items such as bulbs. However Kitchen Repairs & replacement underspent by £2.4k compare to YTD  Telephone & Internet Telephone & internet costs are higher than budget by (£3.1k) YTD. GFTU and Nursery reimbursed Hotel for their share of BT fibre broadband bills thus £1.1k credit in the month of Sep 17.  Kurdish Festival There is a credit of £6k in Sep month as ET has subsided for Kurdish festival deficit.  GFTU Salary Contribution GFTU Salary contribution is in line with the budget.  Professional fees Professional fees are in line with the budget for Sept 17  IT Expenses