Board Meeting Summary
Meeting Date: Wednesday 19th September 2018
Business Plan
The Business Plan 2018/19 was published to the website in August.
Management Accounts to 31st July 2018
The Board noted the management accounts for the four months to 31st July 2018.
Trading Update
The Board noted that based on the data received for April to June 2018, the expected range of levy outcomes remained as forecast, and that the budgeted figure of £93m remained unchanged as the full year working assumption.
2019 Expenditure Budget
The Board agreed a total expenditure level of £93m and timetables relating to the approval of specific expenditure items.
Investment Committee Report: Racecourse Loans
The Board noted the current status of racecourse loan applications.
Capital Credit Application: Kelso
The Board approved a Capital Credit grant to Kelso racecourse of £196,047 towards building a new Parade Ring and Winner’s Enclosure.