To receive a Report on the Harbour Authority Budget Monitoring for 2011/12.

The Committee received a report which provided members with projections of income and expenditure for the year 2011/12 compared with approved budgets.

The Committee noted that the report represented less than a quarter of results, however, it was anticipated that the accounts were expected to show a worse position to the approved budget due to reduced income from Torquay and Brixham marinas, along with additional expenditure resulting from a late invoice relating to the previous moorings contract in Brixham.

The Committee noted the Executive Head’s use of delegated powers to waive certain harbour charges, which this financial year amounted to £821.88 (excl VAT) spread across both harbour accounts.