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7.3 Internal control system
It was submitted.
7.4 Non-audit services
It was noted that no non-audit services were delivered.
7.5 Budgeted fee
It was noted that the auditor’s fee was confirmed at the previous meeting.
8. MANAGEMENT INFORMATION
8.1 Latest available Financial Management report
No discussion took place.
8.2 Cash flow forecast
The cash flow forecast was presented.
SAPPO (December 2019) BUDGET
2019
TOTAL Income 36 842 105
Levy Income 36 842 105
Other Income 0
TOTAL Expenses 36 842 105
A Admin Levy 1 842 105 5%
CA Consumer Assurance 7 000 000 19%
CE Consumer Comms / Education 10 500 000 29%
RD Research & Development 1 750 000 5%
BI Business Intelligence 5 260 000 14%
CG Corporate Governance 3 490 000 9%
BD Business Development 7 000 000 19%
SURPLUSS / DEFICIT 0
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