Issue - meetings

A report providing information on the progress with balances already earmarked within the General Fund was considered.  The report noted the new balances earmarked at the end of 2014-15 that qualified for automatic carry forward and requested approval for six new unspent budget earmarking proposals.

Decision

The Council –

1.    Agreed the six new unspent budget earmarked reserve proposals, as

per the business cases submitted.

2.    Agreed the previously approved unspent budget earmarked reserves

and the justification for continuing to earmark these.

3.    Agreed the other balances currently earmarked within the General Fund, both the previously earmarked amounts and the new balances to be earmarked at the 2014-15 year-end.

4.    Noted that £1.180m of previously earmarked amounts no longer require to be earmarked and can be released back into the General Fund.

(Reference:  Report by Interim Head of Strategic Finance dated 15 June 2015, submitted)