Issue - meetings

Council 2.2.22 Reserves Position and Reserves Policy

 

 

Meeting: 02/02/2022 - Council (Item 9)

9 Reserves Position and Reserves Policy - Managing Director & Executive Director Corporate Services & Transformation pdf icon PDF 454 KB

Minutes:

The Executive Director for Corporate Services and Transformation introduced a report, which had been circulated in advance of the meeting, asking Council to note the current and forecast positions for both General and Earmarked Reserves and the updated Reserves Policy.

 

On the Motion of Councillor S Spencer, duly seconded, it was:

 

RESOLVED to note:

 

1)    The current position on Earmarked Reserves.

 

2)    The details of the amounts to be released from Earmarked Reserves balances.

 

3)    The allocation of £3.707m Earmarked Reserves released to the Budget Management Earmarked Reserve; and

 

4)    The updated Reserves Policy.