Cobtree Manor Estate Cash Flow Projection
Additional documents:
Minutes:
The
Senior Finance Manager (Client) introduced his report setting out
different cash flow projections based on various scenarios relating
to ongoing discussions with the operator of the Cobtree Manor Park
Golf Course. It was noted
that:
·
The projections had been prepared before the most
recent discussions with the operator of the Golf
Course. The projections were for ten
years to show the longer-term impact.
The current contract with the operator of Kent Life would expire at
the end of 2024/25 and the projections assumed that a similar level
of contract payments would continue to be received. The projections also assumed that the car park
loan from the Borough Council would continue to be
repaid.
·
The capital expenditure was based on previous
projections with some adjustments to the timing of the works and
made no allowance for the replacement of the current play area
which would require a significant amount of
expenditure. Options for funding the
replacement of the play area were being examined.
·
The Officers would continue to monitor the cash flow
position and take appropriate action where necessary.
RESOLVED: That the cash flow projections be
noted.