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Temporary Reserves, Retained Funds and Provisions

17/12/2024 - Temporary Reserves, Retained Funds and Provisions

Report of the Leader of The Council 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 Interim Executive Director Finance.

 

RESOLVED

that Cabinet:

 

 

1.

Approved the transfer of the reserves, as detailed in Appendix A, including £22,513.40 to General Fund Balances and £67,875 to Housing Revenue Account Balances (HRA); and

 

2.

Noted the current levels of reserves remaining.

 

 

(Moved by Councillor N Arkney and Seconded by Councillor B Clarke)