The Harbour Board Meeting on 12 July 2019
reviewed future Harbour Authority finances in some detail. It was
clear that without specific action, the Harbour Authority would be
heading towards a regular annual deficit. The Board gave direction
at that meeting that a paper be considered, analysing future
financial options for 2020/21 and beyond. The Board met at Warsash
Sailing Club, out of committee, on 6 September 2019 to discuss
those options in the light of the ongoing requirement to safeguard
the future financial position. The purpose of this report is to set
out those options and to summarise Board conclusions arising from
the meeting on 6 September in order to better balance the forward
budget.
Decision type: Non-key
Decision status: For Determination
Divisions affected: (All Divisions);