Issue - meetings

Early Closedown Review 2018/19

Meeting: 29/05/2019 - Cabinet (Item 12:)

12: Early Closedown Review 2018/19 pdf icon 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.