Issue - items at meetings - Financial Reserves Statement - 2011/2012

Issue - meetings

Financial Reserves Statement - 2011/2012

 

 

Meeting: 06/06/2012 - Cabinet (Item 7)

7 Financial Reserves Statement - 2011/2012 pdf icon PDF 88 KB

Minutes:

The Cabinet considered a report on proposed earmarked reserves and capital carry forward requests for the year 2011/2012. The report also included proposals for the creation of new reserves in order to support the future plans of the Authority.

 

It was noted that one of the earmarked reserves proposed would provide funding for 3 apprenticeships within the Authority over the next 12 months.   

 

Following discussion it was

 

RECOMMENDED

(a)       that the establishment of new reserves of £582,000 as set out in appendix 1 to the report be approved;

(b)       that the release of reserves of £612,000 which reflects the approval required for January - March 2012 as set out in appendix 1 to the report be approved;

(c)        that the addition to existing reserves of £497,000 which reflects the approval required for January – March 2012 as set out in appendix 1 to the report be approved; and

(d)       that the carry forward of capital budgets of £812,000 to be utilised in 2012/2013 as set out in appendix 2 to the report be approved.