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Rising costs, AGM Management Report

Green Community Travel will face financial pressures these next three years and are seeking to build up funds so financial planning has included an element for contingency which as you can see is reflected in our Annual Accounts.

Maintenance has risen this year. As a consequence we have budgeted to replace 3 buses which will make our long term operating costs more viable. Unfortunately, it is the larger and more expensive vehicles which need replacing. As a consequence it was originally planned that this would come out of last years budget, but because of lack of availability we are now in the process of purchasing the vehicles at a cost of in excess of £90,00.

Against this severe economic climate, it is deeply regrettable that Yate Town Council have decided not to help fund us.