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Decision details

Temporary Reserves, Retained Funds and Provisions

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To seek approval for the establishment or retention of Temporary Reserves, Retained Funds and Provisions, to write back to balances those reserves that have been identified as no longer being required.

Decisions:

Report of the Portfolio Holder for Assets and Finance to advise Cabinet on the levels of reserves and to seek approval to re-purpose unspent reserves, following the recent review by the Executive Director Finance.

 

RESOLVED

that Cabinet:

 

 

approved the transfer of  the reserves, as detailed in Appendix A, of £231,977 to create a General Fund Transformation Reserve and £62,104 to create a Housing Revenue Account (HRA) Transformation Reserve;

 

 

noted the reserves to be spent in 2018/19 and 2019/20 which would otherwise be returned to balances; and

 

 

noted the current levels of reserves which remained.

 

 

(Moved by Councillor D Cook and seconded by Councillor J Chesworth)

 

Report author: Barbara Cox

Publication date: 04/07/2019

Date of decision: 24/01/2019

Decided at meeting: 24/01/2019 - Cabinet

Accompanying Documents: