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Issue - meetings

Temporary Reserves, Retained Funds and Provisions

Meeting: 28/04/2016 - Cabinet (Item 130)

130 Temporary Reserves, Retained Funds and Provisions pdf icon PDF 233 KB

(The Report of the Portfolio Holder for Operations and Assets)

 

Additional documents:

Minutes:

The Portfolio Holder for Operations and Assets requesting Members 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.

 

RESOLVED:

That Cabinet approved

1

in principal the creation/retention of Temporary Reserves, Retained Funds and Provisions as detailed in the report and considered whether a spending plan against each of the individual reserves would be required;

 

2

that should the actual outturn level adversely vary from the predicted outturn, adjustments will be made and Members may be asked to review the creation of these reserves; and

 

3

the write-back of reserves identified at as no longer being required in the sum of £33k to Balances as detailed above, to support the Medium-Term Financial strategy.

 

 

(Moved by Councillor R Pritchard and seconded by Councillor D Cook)