16 Use of General and Earmarked Reserves 2019/2020 PDF 464 KB
To consider the report of the Chief Officer
Resources.
Additional documents:
Minutes:
Consideration was given to the report of the Chief Officer Resources.
RESOLVED that the report be accepted and the attached report of and
the planned forecast increase of the General Reserve to 4.58% (above the 4% target level) for 2019/2020 and future years strengthening the Council’s Financial Resilience be noted. The Executive considered the impact the £0.007m forecast adverse variance for 2019/2020 would have on the General Reserve target and the challenge on budget overspends be continued along with the implementation of the appropriate service Action Plans, where required.