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Issue - decisions

Transfer to Reserve - Icelandic Impairment Revaluation

04/10/2011 - Transfer to Reserve - Icelandic Impairment Revaluation

The report of the Leader of the Council seeking Cabinet approval to create a specific reserve for ‘Icelandic Impairment Revaluation’ and to transfer £473,726.26 to that reserve for the year ending 31st March 2011 was considered.

 

 

           

RESOLVED

 

That Cabinet gave retrospective approval for the creation of the Temporary Reserve for ‘Icelandic Impairment Revaluation’, required as part of the finalisation of the 2010/11 accounts resulting from changes to Icelandic Banking impairment valuations, in the sum of £473,726.26, as detailed within the body of the report.

 

 

 

(Moved by Councillor D Cook and seconded by Councillor J Garner)