Issue - meetings
River Hamble Asset Register
Meeting: 05/04/2019 - River Hamble Harbour Board (Item 82)
82 River Hamble Asset Register 
PDF 127 KB
To consider a report of the Director of Culture, Communities and Business Services outlining the register of assets and replacement schedule.
Minutes:
The Board considered the report of the Director of Culture, Communities and Business Services outlining the register of Harbour Authority assets and timescales for replacement.
The Board discussed in detail the contribution of £35,000 from revenue to the Asset Replacement Reserve. Members agreed that this was set at the correct level to enable the necessary funds to accrue in line with the rate set out within the asset register.
Members were supportive of the Harbour Authority’s approach to financial management and were pleased that the replacement of assets and related expenditure had been carefully considered. Members noted that the information would be important to inform the setting of Harbour Dues at a future meeting of the Board.
Members requested that the cumulative spend, as shown within the graph on page 50 of the pack, also be represented as a bar chart showing the individual areas of spending within any future reports.
RESOLVED:
That the River Hamble Harbour Board take this report into account alongside the annual statutory accounts in setting Harbour Dues for 2019/20 at a future Board meeting.
Meeting: 15/03/2019 - River Hamble Harbour Management Committee (Item 75)
75 River Hamble Asset Register PDF 127 KB
To consider a report of the Director of Culture, Communities and Business Services outlining the register of Harbour Authority assets and timescales for replacement.
Minutes:
The Committee considered the report of the Director of Culture, Communities and Business Services outlining the register of Harbour Authority assets and timescales for replacement.
It was confirmed that the £35,000 transfer to the Asset Replacement Reserve had been calculated based upon the projected future cost and timing of replacing assets to ensure that an appropriate amount was being set aside annually.
RESOLVED:
That the Committee recommends to the Board that this report be taken into account alongside the annual statutory accounts in setting Harbour Dues for 2019/20 at the July Board meeting.