Decision details

Review the Council’s Revenue Reserves and Provisions as part of the 2022/2023 budget setting process.

Cabinet:

Recommended to Council:

a)    That the Reserves as summarised at paragraph 11 of the report be released to the General Fund or transferred to other Earmarked Reserves as shown, on 31 March 2023.

b)    That the IT software and hardware reserves be amalgamated at 31 March 2023 to provide the necessary flexibility.

c)    That the movement in Reserves in 2022/2023 as set out in Appendix A, and the estimated balance of Reserves of £29.830 million (+), be noted.

This is a recommendation to Council, and not subject to call-in.