37 Review of Reserves
PDF 255 KB
This report presents a review of reserves and recommends prudent reserve balances to ensure sound management of the Council’s finances.
Decision:
Following consideration, the Committee unanimously resolved to:
(1) Note the new assumptions made for Property Income Equalisation, Collection Fund Equalisation and Interest Equalisation Reserves.
(2) Reappropriate identified reserves into Corporate Projects and Maintenance Reserves to support council priorities.
Minutes:
The Committee received a report presenting a review of reserves and recommending prudent reserve balances to ensure sound management of the Council’s finances.
Following consideration, the Committee unanimously resolved to:
(1) Note the new assumptions made for Property Income Equalisation, Collection Fund Equalisation and Interest Equalisation Reserves.
(2) Reappropriate identified reserves into Corporate Projects and Maintenance Reserves to support council priorities.