Issue - meetings

RESOLVED TO:

1)    Note the current position on Earmarked Reserves;

2)    Note the details of the amounts to be released from the Earmarked Reserves balances;

3)    Note the allocation of £11.913m Earmarked Reserves release to the Budget Management Earmarked Reserve; and

4)    Approve the updated Reserves Policy at Appendix five to the report.

Councillor S Spencer introduced a report, which had been circulated in advance of the meeting, that requested the Cabinet to note the current and forecast positions for both the General and the Earmarked Reserves and sought approval of the Reserves Policy.

RESOLVED TO:

1)    Note the current position on Earmarked Reserves;

2)    Note the details of the amounts to be released from the Earmarked Reserves balances;

3)    Note the allocation of £11.913m Earmarked Reserves release to the Budget Management Earmarked Reserve; and

4)    Approve the updated Reserves Policy at Appendix five to the report.