Issue - meetings
Balance Sheet Management
Meeting: 10/12/2008 - Cabinet (Item 293)
293 BALANCE SHEET MANAGEMENT- REVIEW OF BALANCES INCLUDING PROVISIONS AND RESERVES PDF 102 KB
Minutes:
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.