Issue - meetings

NJMC Finance Update & 2023/24 Budget

Meeting: 23/01/2023 - Nonsuch Park Joint Management Committee (Item 25)

25 NJMC Finance Update & 2023/24 Budget pdf icon PDF 240 KB

This report provides a forecast for 2022/23 and seeks the Joint Management Committee’s approval of both the 2023/24 budget and the recommended contributions to be sought from the constituent authorities.

 

Additional documents:

Minutes:

The Committee received a report providing a forecast for 2022/23 and seeking the Joint Management Committee’s approval of both the 2023/24 budget and the recommended contributions to be sought from the constituent authorities.

The following matters were considered by the Committee:

a)            CIL Bids: It was considered by the Committee that potential funding projects could be investigated and identified, with the possibility of attaining funding via Community Infrastructure Levy bid applications.

Following consideration, the Committee unanimously resolved to:

(1)          Note the latest 2022/23 forecast position;

(2)          Agree the revenue budget for 2023/24 as set out in Appendix 1 of the report;

(3)          Agree to seek contributions of £113,040 from both Epsom and Ewell Borough Council and the London Borough of Sutton for the financial year 2023/24.