Issue - meetings

This report presents a review of reserves and recommends minimum reserve balances to ensure sound management of the Council’s finances.

The following matters were debated by Councillors:

·                     That commuted sums are held to deliver grounds maintenance services to specified areas in perpetuity.

Following consideration of the above matters and the report’s contents, the Panel moved to consider the report recommendations, which were agreed as follows:

(1)          Consider and review whether the overall level of reserves and contingencies are appropriate for the sound management of the Council’s finances;

(2)          Review the individual reserve and contingency balances and consider whether to support the recommended minimum balances in the report.