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