To note and review the reserves held by the council.

The cabinet member finance, corporate services and planning introduced the report and explained that she had requested officers rationalise some of the small pots of money and amend the way the reserves were presented.

The acting deputy chief executive – chief finance officer explained that the council had been holding covid grants, which showed as a bulge at the end of March, but that all of this money would be used during this year.

Group leaders noted the content of the report and in response to a query it was confirmed that the council was continuing to distribute covid grants as quickly as possible and based on the guidelines provided by central government.

It was resolved:

(a)              The reserves position, detailed in appendix A, be noted.