Issue - meetings

The Interim Director of Finance and ICT introduced a report, which had been circulated in advance of the meeting, that provided details of 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:

1)    Note the current position on Earmarked Reserves;

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

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

4)    Note the updated Reserves Policy at Appendix Five to the report.