12: Early Closedown Review 2018/19 PDF 531 KB
To consider proposals to review earmarked reserves as part of 2018-19 final accounts process.
Ward: N/A
Portfolio: Corporate
Contact: James Anderson, Senior Finance Manager and Sarah Hill, Finance Manager. Tel: 01484 221000.
Decision:
1) That approval be given to (i) the Waste Management Strategy Reserve at £11m (ii) the increase in Strategic Management Reserve by £1.4m to £5.4m and (iii) the Commercialisation reserve at £0.5m.
2) That, pursuant to (i) and (iii) above, approval be given to the funding of reserves proposal through the transfer of £4.1m unallocated MRP release from Central Budgets, and re-direct of existing financial resilience reserves of £8.8m, as part of the 2018-2019 final accounts process.