MOSL delivers and comes in under budget for 2022-23
MOSL came in 1.1% under budget and delivered all its commitments in the 2022-23 financial year.
According to the annual report, which members will be asked to formally adopt at a meeting on 26 July, actual spend was £11,427k against a budget of £11,550k.
MOSL said savings were driven by fewer code changes requiring implementation into the central system (CMOS) coupled with lower costs for change sub-groups and fewer Committee meetings being held than budgeted for. These savings were partially offset by higher-than-budgeted inflationary pressures on software licences and some one-off costs of implementing the Bilaterals hub support service.
MOSL said £201k will be redistributed to members in July, which includes some additional services income received, as well as the lower than expected spend.
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