Issue - meetings

Cobtree Manor Estate Cashflow Projection

Meeting: 31/03/2021 - Cobtree Manor Estate Charity Committee (Item 169)

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.