Maidstone Borough Council, parish council and Police and Crime Commissioner (PCC) elections are taking place today. You can find your polling station on our webpage.
The
Senior Finance Manager presented a report which summarised the
2016/17 year end outturn and the current financial position of the
Estate as at 31st May 2017 which covered the activities at the golf
course, Kent Life, the Manor Park and the Café/Visitor
Centre.
It was
noted that:-
·The accounts for 201617 stated that there was a net
operating deficit of £77k which was mainly attributed to
difficulties around the golf course contract.
·The accounts for 2017/18 forecasted a small
surplus.
·Officers had looked at a standalone financial system
for the Trust but it was not felt to be viable. However, it was felt that to set up a separate
company on the Council’s existing financial system would be
the way forward.
RESOLVED:
That the current financial position be noted.