Issue - meetings
Review of Temporary Reserves, Retained Funds and Provisions
Meeting: 03/12/2020 - Cabinet (Item 59)
59 Review of Temporary Reserves, Retained Funds and Provisions 
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 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.
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RESOLVED that Cabinet:
1. Approved the transfer of the reserves, as detailed in Appendix A, including £560,000 to the Transformation reserve, £64,467.85 to General Fund Balances and £5,000 to Housing Revenue Account Balances (HRA);
2. Noted the reserves to be spent in 2020/21 and 2021/22 which will otherwise be returned to balances; and
3. Noted the current levels of reserves remaining. |
(Moved by Councillor R Pritchard and seconded by Councillor J Oates)
