30 Asset Register Review PDF 468 KB
To consider a report of the Director of Culture, Communities and Business Services regarding the condition of essential operational assets and possible associated maintenance expenditure to judge whether the Asset Replacement Reserve is being maintained at an adequate level.
Minutes:
The Committee received a report from the Director of Culture, Communities and Business Services regardingthe condition of essential operational assets and possible associated maintenance expenditure to judge whether the Asset Replacement Reserve was being maintained at an adequate level.
The officer summarised the
report, highlighting that costs had inflated and it was important
yet difficult to balance the right amount of money put aside and
what may be needed due to the fluctuations.
Members agreed that it was important to only increase fees if it
was needed and a gradual increase was much preferred over any
sudden hikes.
Officers were thanked for their work and for good forward planning
for a healthy reserve.
RESOLVED:
The
River Hamble Harbour Management Committee recommended to the Board
that: