ModGov Infozone - Click to go to Tamworth Borough Council website

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?: Yes

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 operations and finance to advise Members of the levels of reserves and to seek approval to re-purpose unspent reserves, following the recent review by CMT and the Executive Director Finance.

 

Resolved

that Cabinet:

 

 

1.

Approved the transfer of the reserves, as detailed in Appendix A,

including £135,910.36 to General Fund Balances and £67,104 to

Housing Revenue Account Balances (HRA); and

 

 

2.

Noted the current levels of reserves remaining

 

 

 

(Moved by Councillor M Summers and seconded by Councillor P Thompson)

 

 

 

Report author: Joanne Goodfellow

Publication date: 22/12/2023

Date of decision: 14/12/2023

Decided at meeting: 14/12/2023 - Cabinet

Effective from: 23/12/2023

Accompanying Documents: