Issue - meetings

Reserves and Provisions

Meeting: 05/02/2020 - Cabinet (Item 13)

13 Review of Reserves & Provisions pdf icon PDF 610 KB

Decision:

Cabinet recommended to Full Council:

 

(a)        That the Reserves as summarised at paragraph 13 of the report be released and transferred to the General Reserve on 31 March 2020.

 

(b)       That the Reserves proposed for replenishment or combination, and the outstanding balances at 31 March 2020 proposed for release, as detailed in Appendix A to the report, be approved.

 

(c)        That the proposed new Reserves, as summarised at paragraph 16 of the report, be approved.

 

(d)       That the movement in Reserves in 2019/2020 as set out in Appendix A, and the estimated balance of Reserves of £41.763 million, be noted.

Minutes:

Cabinet considered a report reviewing the Council’s Revenue Reserves and Provisions as part of the 2020-2021 budget setting process.

 

Cabinet recommended to Full Council:

 

(a)          That the Reserves as summarised at paragraph 13 of the report be released and transferred to the General Reserve on 31 March 2020.

 

(b)         That the Reserves proposed for replenishment or combination, and the outstanding balances at 31 March 2020 proposed for release, as detailed in Appendix A to the report, be approved.

 

(c)          That the proposed new Reserves, as summarised at paragraph 16 of the report, be approved.

 

(d)         That the movement in Reserves in 2019/2020 as set out in Appendix A, and the estimated balance of Reserves of £41.763 million, be noted.