Decision details

Earmarked Reserves - Year End 2016-17

Decision Maker: Argyll and Bute Council

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Council gave consideration to a report which provided them with information on progress with balances already earmarked within the General Fund, new balances earmarked at the end of 2016/17 that qualify for automatic carry forward and which sought approval for 13 new unspent earmarking proposals.

 

The Executive Director - Customer Services referred to decisions which had been made by the Special Policy and Resources Committee held at 11.00am that morning in respect of earmarked reserve proposals for the New Schools Redevelopment Project and for Rothesay Pavilion which were dealt with within Appendix 1 to the submitted report.

 

Decision

 

The Council –

 

1.    Approved the 13 new unspent budget earmarked reserve proposals totalling £2.865M, as per the business cases submitted and as were outlined in Appendix 1 to the submitted report.

 

2.    Approved two new categories for automatic carry forward of unused funds relating to funding provided by the Scottish Government to implement new legislation or to deliver government initiatives and for investment in energy efficiency as were set out in the revised Policy on Year End Flexibility as included at Appendix 2 to the submitted report.

 

3.    Noted the new balances at the end of 2016/17 that qualify for automatic carry forward as outlined in Appendix 3 to the submitted report.

 

4.    Noted the previously approved unspent budget earmarked reserves and the justification for continuing to earmark these as outlined in Appendix 4 to the submitted report.

 

5.    Noted that £0.046 of earmarked balances will be released back into the General Fund as these balances were no longer required.

 

6.    Noted the other balances contained within Appendix 5 to the submitted report, both previously earmarked and new balances that had been subject to a previous Council decision.

 

(Reference:  Report by Head of Strategic Finance dated 30 May 2017, submitted)

 

Publication date: 06/07/2017

Date of decision: 29/06/2017

Decided at meeting: 29/06/2017 - Argyll and Bute Council

Accompanying Documents: