Issue - meetings

To consider a report of the Director of Culture, Communities and Business Services with an overview of the asset register.

The Board considered the report of the Director of Culture, Communities and Business Services with an overview of the asset register.

The Chairman commented that due to low number of replacements needed for coming year that asset replacement reserves currently at £35,000 would be appropriate to cover likely future and, within current circumstances adequate to sustain operational capability, so far as practicable, until 2050. The Marine Director noted the aspirational nature of forecasting to 2050 and that factors such as the cost of raw materials might change over time.  The annual review process would take such factors into account.

RESOLVED:

That the River Hamble Harbour Board accept the recommendation that this report be taken into account alongside the annual statutory accounts in setting Harbour Dues for 2021/22