Issue - meetings

To consider a report of the Directors of Corporate Resources – Corporate Services and Culture, Communities and Business Services presenting the final accounts for the financial year 2019/20.

The Board considered the report of the Directors of Corporate Services – Corporate Resources and Culture, Communities and Business Services outlining the final accounts for 2019/20.

RESOLVED:

i)             That this report, the statutory accounts and management accounts be approved by River Hamble Harbour Board. 

ii)            That the Board notes that as at 31 March 2020 the General Reserve has a £189 balance, but this is expected to increase to £17,189 at the end of 2020/21.   

iii)           That the Board approves a £35,000 increase to the 2020/21 Harbour Dues income budget, to reflect the newly introduced dry launching charges and in accordance with the principle agreed by the Board at the meeting of 10 January 2020, with the expected surplus from the additional income being added to the Revenue Reserve.

To consider a report of the Directors of Corporate Resources – Corporate Services and Culture, Communities and Business Services presenting the final accounts for the financial year 2019/20.

The Committee considered the report of the Directors of Corporate Services – Corporate Resources and Culture, Communities and Business Services outlining the final accounts for 2019/20.

In response to Members’ questions regarding future strategies for income generation, it was confirmed that the impact of future lockdowns and the evolving pandemic would play a key part in the generation of income. Members heard that this was being closely monitored throughout and had been from an early stage.

As part of the discussion it was noted that the annual recruitment of seasonal staff had begin but that the process had been interrupted by the announcement of the national lockdown.

RESOLVED:

1. That this report, the statutory accounts and management accounts be noted by the River Hamble Harbour Management Committee and submitted to the River Hamble Harbour Board for approval.
2. That the Committee notes that as at 31 March 2020 the General Reserve has a £189 balance, but this is expected to increase to £17,189 at the end of 2020/21.  
3. That the Committee supports a £35,000 increase to the 2020/21 Harbour Dues income budget, to be submitted to the Board for approval, to reflect the newly introduced dry launching charges and in accordance with the principle agreed by the Board at the meeting of 10 January 2020, with the expected surplus from the additional income being added to the Revenue Reserve.