Decision details
Review of 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 advise Members on the levels of reserves
and to seek approval to re-purpose unspent reserves, following
review by the Executive Director Finance
Decisions:
Report of the Portfolio Holder for Finance, Risk and Customer Services to advise Members 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 |
|
|
|
|
1. |
Approved the transfer of the reserves, as detailed in Appendix A, including £83,895.86 to General Fund Balances and £47,000 to Housing Revenue Account Balances (HRA) and transfer £50,000 to create a new reserve to fund defences to assist in deterring illegal encampments. |
|
|
|
|
2. |
Acknowledged the current levels of reserves remaining. |
|
|
|
|
|
(Moved by Councillor M Bailey seconded by Councillor T Clements)
|
Report author: Joanne Goodfellow
Publication date: 11/08/2023
Date of decision: 19/01/2023
Decided at meeting: 19/01/2023 - Cabinet
Accompanying Documents:
PDF 324 KB