Issue - decisions
Balance Sheet Management
18/12/2008 - BALANCE SHEET MANAGEMENT- REVIEW OF BALANCES INCLUDING PROVISIONS AND RESERVES
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.