Decision details
RESERVES
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To provide Cabinet with further information on the level of reserves held by the Council.
Decision:
THAT Cabinet comments on:
(a) the level of reserves; and
(b) the move to a risk based assessment to determine the level of general fund reserve.
Reasons for the decision:
The level of reserves held by the Council is a key indicator of its financial ‘health’. It is important that Cabinet is made aware of the overall position on a regular basis.
Alternative options considered:
There are no Alternative Options.
Wards Affected: (All Wards);
Publication date: 17/04/2007
Date of decision: 12/04/2007