Issue - meetings

This report advises the Nonsuch Park Joint Management Committee of the mid-year financial position for 2019/20 and the forecast outturn.

The Committee received a report outlining the mid-year financial position for 2019/20 and the forecast outturn.

It was reported that a small underspend of £305 was expected against the agreed net expenditure budget of £202,800. 

It was noted that the maintenance contract referred to in paragraph 2.1.1 related in the main to the cleaning and upkeep of communal areas and had been in operation since April 2019.  A review of the contract was planned for January 2020 at which point the forecast may be adjusted accordingly.

Partial road flooding at the Cheam Road entrance had been observed and it was confirmed that a budget of £16,530 had been agreed for road maintenance of which £14,430 remained and it was therefore anticipated that the budget would not be overspent.  However it was noted that regular practice was to hold back some of the funding until January so that in the event of severe weather and resulting road damage there would be sufficient funds to carry out repairs.

Accordingly the Committee noted the mid-year financial position