Issue - meetings

To consider a report of the Directors of Corporate Resources – Corporate Services and Culture, Communities and Business Services outlining the forecast outturn for 2019/20 and the forward budget for 2020/21.

The Committee considered the report of the Directors of Corporate Resources – Corporate Services and Culture, Communities and Business Services.

RESOLVED:

i)             That the revised budget for the 2019/20 financial year is supported by the River Hamble Harbour Management Committee and submitted to the River Hamble Harbour Board for approval.

ii)            That the projected outturn for the 2019/20 financial year is noted.

iii)           That the proposed forward budget is supported by the River Hamble Harbour Management Committee and submitted to the River Hamble Harbour Board for approval.

iv)           That the impact of the triennial actuarial pension valuation in removing the past service payments from 2020/21, and that this could change at the next valuation, is noted.

v)            That the balances held within the reserves and the impact of anticipated cost pressures on the general reserve balance are noted.