BALANCE SHEET MANAGEMENT- REVIEW OF BALANCES INCLUDING PROVISIONS AND RESERVES
Decision Maker: Cabinet
Decision status: Awaiting Implementation
Is Key decision?: Yes
Is subject to call in?: Yes
Analysis of reserves, provisions and General
Fund balances for 2009-10
The Director of Finance presented the mid-year review of the amounts held in balances, provisions and reserves. His report recommended the release of those provisions and reserves no longer required to general balances.
(1) the Regeneration provisions and reserves totalling £230,000 identified as no longer being required be used to partially offset the projected overspending in 2008-09; and
(2) the other reserves totalling £130,000 identified as no longer being required be returned to General Fund Balances.
Publication date: 18/12/2008
Date of decision: 10/12/2008
Decided at meeting: 10/12/2008 - Cabinet
Effective from: 30/12/2008