16 Use of General and Earmarked Reserves 2019/20 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 Executive Committee:-
· Note the planned forecast increase of the General Reserve to 4.54% (above 4% target level) for 2019/2020 and future years strengthening the Council’s Financial Resilience.
· Considered the impact the £0.064m forecast adverse variance for 2019/2020 would have on the General Reserve target; and
· Continue to challenge budget overspends and implement appropriate service Action Plans, where required.