Issue - meetings

The Cabinet considered a report on earmarked reserves for 2010/2011 and on the proposal to create new reserves where required to support the future plans of the Authority.

RECOMMENDED:

(a)       that the establishment of new reserves of £474,000 as set out in Appendix 1 to the report be approved;

(b)       that the release of reserves of £419,000 which reflects the approval required for January – March 2011 as set out in Appendix 2 to the report be approved; and 

(c)        that the addition to existing reserves of £289,000 which reflects the approval required for January – March 2011 as set out in Appendix 2 to the report be approved.