Issue - decisions
Balance Sheet Management
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.