Decision details
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
Purpose:
Analysis of reserves, provisions and General
Fund balances for 2009-10
Decisions:
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.
Resolved- That
(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
Accompanying Documents:
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