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.
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RESOLVED |
that Cabinet:
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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;
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noted the reserves to be spent in 2018/19 and 2019/20 which would otherwise be returned to balances; and
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noted the current levels of reserves which remained. |
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(Moved by Councillor D Cook and seconded by Councillor J Chesworth) |
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Report author: Barbara Cox
Publication date: 04/07/2019
Date of decision: 24/01/2019
Decided at meeting: 24/01/2019 - Cabinet
Accompanying Documents:
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