Decision details

It was resolved –

•           To note the general policy on reserves and balances adopted on 1 March, 2016, as at Appendix A to the report.

•           To approve the amendments to the general policy on reserves and balances adopted on 1 March, 2016 at Appendix A.

•           To set the minimum level of general balances for 2019/20 as £6.76m in accordance with the Section 151 Officer’s assessment.

•           To plan for an increase in general balances over a 3 to 5 year period in order that the actual level of reserves reaches the minimum level. This increase will be achieved by budgeting for planned annual surpluses.

•           To confirm the continuation of the existing earmarked reserves.

•           To approve the transfer of the Edge of Care reserve from the earmarked reserve to the General Reserves.