The Report of the Portfolio Holder for Assets and Finance to advised Members on the levels of reserves and to sought approval to re-purpose unspent reserves, following the recent review by the Executive Director Finance.
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RESOLVED |
That Cabinet:
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Approved the transfer of the reserves, as detailed in Appendix A, of £47,873.22 to General Fund Balances and £Nil to Housing Revenue Account Balances (HRA);
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Noted the reserves to be spent in 2019/20 and 2020/21 which will otherwise be returned to balances; and
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Noted the current levels of reserves remaining.
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(Moved by Councillor R Pritchard and seconded by Councillor J Chesworth) |
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