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Issue - decisions

Review of Temporary Reserves, Retained Funds and Provisions

22/12/2023 - Review of Temporary Reserves, Retained Funds and Provisions

Report of the portfolio holder for operations and finance to advise Members of the levels of reserves and to seek approval to re-purpose unspent reserves, following the recent review by CMT and the Executive Director Finance.

 

Resolved

that Cabinet:

 

 

1.

Approved the transfer of the reserves, as detailed in Appendix A,

including £135,910.36 to General Fund Balances and £67,104 to

Housing Revenue Account Balances (HRA); and

 

 

2.

Noted the current levels of reserves remaining

 

 

 

(Moved by Councillor M Summers and seconded by Councillor P Thompson)