Issue - meetings

Use of General and Earmarked Reserves 2019/20

Meeting: 11/03/2020 - Executive Committee (Item 16)

16 Use of General and Earmarked Reserves 2019/20 pdf icon 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.