Issue - meetings
Use of Balances and Reserves Unused over Two Years
Meeting: 19/04/2006 - Weekly Bulletin (Item 6c)
Use of Balances and Reserves Unused over Two Years
Meeting: 13/04/2006 - Cabinet (Item 5)
5 Use of Balances and Reserves Unused over Two Years 
PDF 16 KB
Decision:
Cabinet NOTED that the shopping car parks balance of £36,850 would be returned to the overall General Fund Reserve and AGREED that the following uncommitted reserve balances over two years old be carried forward into the 2006/07 financial year:
|
Dual Use Capital Grants (£890,095 in total) |
£575,295 |
|
Heritage Initiatives Grants |
£9,511 |
|
Historic Buildings Preservation Fund (estimated) |
£54,390 |
Minutes:
The Resources and Staffing Portfolio Holder presented the annual report on uncommitted grant balances over two years old and drew Cabinet’s attention to one particular balance relating to shopping car parks, for which there had not been any annual budget provision for the last five years.
Following discussion of the four items concerning car parks, Cabinet supported the return of the £36,850 balance designated for car parks but which had been uncommitted for over two years, and acknowledged that the Housing Portfolio Holder could return to Cabinet if funds were required to complete the negotiations to sell the car parks. Cabinet assumed all car parks were in reasonable order as all were in use.
Cabinet NOTED that the shopping car parks balance of £36,850 would be returned to the overall General Fund Reserve and AGREED that the following uncommitted reserve balances over two years old be carried forward into the 2006/07 financial year:
|
Dual Use Capital Grants (£890,095 in total) |
£575,295 |
|
Heritage Initiatives Grants |
£9,511 |
|
Historic Buildings Preservation Fund (estimated) |
£54,390 |