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Issue - meetings

Review of Temporary Reserves, Retained Funds and Provisions

Meeting: 14/12/2023 - Cabinet (Item 102)

102 Review of Temporary Reserves, Retained Funds and Provisions pdf icon PDF 226 KB

(Report of the Portfolio Holder for Operations and Finance)

 

Minutes:

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)