Issue - meetings

To consider a report detailing the earmarked reserves for the year ending 2012/13 and to seek Members’ approval for any movements in reserves.

(Report attached)

Members received a report which advised them of the earmarked reserves for the year ending 31^st March 2013 and sought approval for various movements in reserves as specified in the report.

RECOMMENDED that

1)         the movement in reserves as detailed in Appendix 1 to the report be approved;

2)         additional General Fund Reserves of £1,084K be approved;

3)         the use of General Fund Reserves of £435K be approved;

4)         additional HRA Reserves of £27K be approved; and

5)         the use of HRA Reserves of £15K be approved; and

6)         movement in Capital Reserves of £72K be approved.

(Councillors Juliet Brunner and Brandon Clayton requested that it be recorded that they abstained on this item)