Issue - meetings

This item reports on the income and expenditure as at 31 August 2019 and seeks guidance on the preparation of the budget and precept for 2020/21.  It also provides an updated Risk Register for 2019/20

The Conservators received a report on income and expenditure as at 31 August 2019, which sought guidance on the preparation of the budget and precept for 2020/21. 

It was noted that a revised Annex 1 to the report had been published in advance of the meeting to correct a typing error contained in the original agenda pack.

The following matters were considered:

a)            Budget estimates 2020/21. The Conservators noted that it was anticipated that a 2% increase in precept for 2020/21 would create a balanced budget for the year.

b)            Audit conclusion. The Conservators noted that the external auditors had concluded that the accounts had been prepared in accordance with proper practices and raised no matters of Concern. The Conservators expressed their thanks to Officers for their work to achieve this.

Following consideration, it was resolved:

That the Conservators:

(1)      Noted the mid-year income and expenditure position as at 31 August 2019;

(2)      Provided guidance on the preparation of the budget for 2020/21;

(3)      Noted the conclusion of the 2018/19 external audit of the accounts.