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Temporary Reserves, Retained Funds and Provisions

Meeting: 30/11/2017 - Cabinet (Item 76)

76 Temporary Reserves, Retained Funds and Provisions pdf icon PDF 101 KB

(Report of the Portfolio Holder for Assets & Finance)

Additional documents:

Minutes:

Report of the Portfolio Holder for Assets and Finance to advise Members on the levels of reserves and to seek approval for the return of unspent reserves to balances, following the recent review by the Executive Director Corporate Resources.

 

RESOLVED:

That Cabinet

 

1.

approved the return of the reserves, as detailed in Appendix A, of £238,741 to General Fund balances and £83,500 to Housing Revenue Account (HRA) balances;

 

2.

noted the reserves to be spent in 2017/18 and 2018/19 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 D Cook)