Decision Maker: The Executive
Decision status: Recommendations Approved
Is Allweddol decision?: No
Is subject to call in?: No
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.
Publication date: 18/02/2019
Date of decision: 18/02/2019
Decided at meeting: 18/02/2019 - The Executive
Accompanying Documents: