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.