Report of the Portfolio Holder for Finance, Risk and Customer Services to advise Members on the levels of reserves and to seek 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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1. |
Approved the transfer of the reserves, as detailed in Appendix A, including £83,895.86 to General Fund Balances and £47,000 to Housing Revenue Account Balances (HRA) and transfer £50,000 to create a new reserve to fund defences to assist in deterring illegal encampments. |
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2. |
Acknowledged the current levels of reserves remaining. |
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(Moved by Councillor M Bailey seconded by Councillor T Clements)
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