Purpose

To advise Members of the levels of reserves
and to seek approval to re-purpose unspent reserves, following
review by CMT and the Executive Director Finance.

Decision

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)