Issue - meetings

To submit a report by the Head of Function (Resources)/Section 151 Officer.

It was RESOLVED :-

·           To note the draft unaudited main financial statements for 2016/17;

·           To note the position on earmarked reserves and to approve the use of, or increases to, individual reserves as noted in Appendix 4 of the report;

·           To approve the new reserves amounting to £482k as shown in table 2 of the report;

·           To approve £250k from the general reserves to fund additional voluntary redundancy costs in 2017/18;

·           To note the schools balances position;

·           To note the HRA balances as at 31 March, 2017.

The report of the Head of Function (Resources)/Section 151 was presented in relation to the draft Comprehensive Income and Expenditure Statement for 2016/17 and the Draft Balance Sheet as at 31 March, 2017.

The Portfolio Holder (Finance) highlighted the main considerations of the report and noted that information about reserves and balances are incorporated within the report.

It was RESOLVED :-

·           To note the draft unaudited main financial statements for 2016/17;

·           To note the position on earmarked reserves and to approve the use of, or increases to, individual reserves as noted in Appendix 4 of the report;

·           To approve the new reserves amounting to £482k as shown in table 2 of the report;

·           To approve £250k from the general reserves to fund additional voluntary redundancy costs in 2017/18;

·           To note the schools balances position;

·           To note the HRA balances as at 31 March, 2017.