Issue - meetings

This report seeks approval for the 2019/20 budget and the recommended precepts on the constituent bodies.

The Conservators received a report seeking approval for the 2019/20 budget and the recommended precepts on the constituent bodies.

The following matters were considered:

a)            External Audit fee: year to date. The Conservators noted a negative figure recorded for the External Audit charge for the year to date. The Chief Accountant informed the Conservators that this was due to an accrual, as the Auditor had not billed for their work before the end of 2018.

b)           Ad-hoc repairs to Tattenham Corner conveniences. Following a question, the Chief Accountant informed the Conservators that a cost for ad-hoc repairs to the Tattenham Corner conveniences had been incurred during 2018/19, but that no budget allocation for such works was considered necessary for 2019/20. If such costs were incurred again in the future, the position would be reviewed.

Following consideration, it was resolved:

(1)      That the budget for 2019/20 be agreed as set out in Annex 1 to the report, with a request for a 4% increase in precept from the constituent bodies as follows:-

Epsom and Ewell Borough Council: £244,360

Epsom Downs Racecourse: £122,170

Epsom & Walton Downs Training Board: £40,730