Decision Details

Implemented

Mid-Year Budget Monitoring Report 2024/25 (Southwold Harbour and Caravan Site)

ES/2178

No

Committee

Cabinet

Tue 3 Dec 2024

No

Report of the Deputy Leader and Cabinet Member with responsibility for Corporate Services – Digital, Customer Services, HR and Assets

To provide an overview of financial performance for Southwold Harbour and the Caravan and Campsite for the first half of 2024/25, covering the period from April to August. 

Financial Services, Corporate Performance & Risk Management

Not Applicable

James Butler
Interim Estates Manager - Resorts
James.butler@eastsuffolk.gov.uk

None

No

1. Noted the financial performance of Southwold Harbour and the Caravan and Campsite up to 30 August 2024 at Appendix A;

 

2. Approved the forecast year-end financial position for 2024/25.

 

 3. Considered any necessary actions to mitigate variances or improve financial performance.

The report provided Cabinet with an overview of financial performance for Southwold Harbour and the Caravan and  Campsite for the first half of 2024/25, covering the period from April to August. The report compared actual income and  expenditure against approved budgets and forecasts year-end projections. The report was approved unanimously by SHMC on the 14 November 2024.

1. Continue to monitor expenditure variances, especially on supplies and services.

 

2. Introduce controls to mitigate further overspending and ensure balanced year-end performance.

None

None