The Report of the Portfolio Holder for Corporate Services and Assets seeking Member approval for the establishment or retention of Temporary Reserves, Retained Funds and provisions, to write back to balances those reserves that have been identified as no longer being required was considered.
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RESOLVED: |
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That: |
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1 |
In principle the creation/retention of Temporary Reserves as detailed in the report be approved, and consideration given as to whether a spending plan against each of the individual reserves will be required, and; |
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2 |
Should the actual outturn level adversely vary from the predicted outturn, adjustments will be made and Members may be asked to review the creation of these reserves, and; |
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3 |
The write-back of reserves identified at Appendix D as no longer being required in the sum of £92,381 to General Fund Balances, to support the Medium –Term Financial strategy. |
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(Moved by Councillor R Pritchard and seconded by Councillor S Claymore) |