Issue - meetings

Mid-Year Budget Monitoring

Meeting: 21/11/2016 - Nonsuch Park Joint Management Committee (Item 90)

90 Mid-Year Budget Monitoring pdf icon PDF 84 KB

This report advises the Nonsuch Park Joint Management Committee of the mid-year financial position for 2016/17 and the forecast budget position for 2017/18.

Additional documents:


The Committee was presented with the mid-year budget monitoring report and informed that the accounts for 2015/16 had been closed.  The reserve figure was £123,585.  It was noted that after the first five months of 2016/17 there was a £5,000 net underspend forecast for the year against budget (resulting from a £10,000 underspend on grounds maintenance, and a £5,000 overspend on the mansion house maintenance).  The Committee was advised that any available underspend could be more accurately predicted at the end of the third quarter.

The Committee:

(1)            Noted the mid-year financial position

(2)            Agreed that further discussion on the preparation of the budget for 2017/18 would take place after the meeting, and reported at the next Committee meeting.