Issue - meetings

Report of the Leisure Director

The Cabinet considered the report of the Leisure Director which provided an update on the financial performance of the Splash World Leisure Pool after a full financial year of operation during the period 1 April 2008 to 31 March 2009.

This was a Key Decision and was included in the Council's Forward Plan of Key Decisions.

RESOLVED:   That

(1)       it be noted that the increased Splash World utility costs have been built into the Council's Medium Term Financial Plan (MTFP) from 2010/11;

(2)       it be noted that the improved performance of the Council's other Leisure Centres had allowed the additional costs of Dunes/Splash World to be partially offset in 2008/09, reducing the additional costs from £369,000 to £252,000; and

(3)       the withdrawal of the sinking fund in 2008/09 as a budget saving, and the requirement to facilitate prudential borrowing for up to £1m in 2013/14 to undertake a refurbishment of Splash World be noted.