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Issue - meetings

Review of Temporary Reserves, Retained Funds and Provisions

Meeting: 28/11/2019 - Cabinet (Item 35)

35 Review of Temporary Reserves, Retained Funds and Provisions pdf icon PDF 102 KB

(Report of the Portfolio Holder for Assets and Finance)

Additional documents:

Minutes:

The Report of the Portfolio Holder for Assets and Finance to advised Members on the levels of reserves and to sought 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 £47,873.22 to General Fund Balances and £Nil to Housing Revenue Account Balances (HRA);

 

 

Noted the reserves to be spent in 2019/20 and 2020/21 which will otherwise be returned to balances; and

 

 

Noted the current levels of reserves remaining.

 

(Moved by Councillor R Pritchard and seconded by Councillor J Chesworth)