Issue - meetings
Robustness of Estimates and Adequacy of Reserves
Meeting: 17/02/2016 - Cabinet (Item 132)
132 Robustness of Estimates and Adequacy of Reserves 
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Lead Member – Mr Malcolm Pate – Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan.
Report of the Head of Finance, Governance and Support is attached, marked 7.
Contact: James Walton 01743 255001
Decision:
RESOLVED:
i) That the recommended level of general balances to support the 2016/17 revenue budget at £28.20m be approved, noting that the projected balance will be below this for 2016/17;
ii) That the projected recommended level of general reserves for the following two years be noted at £26.45m in 2017/18 and £20.13m in 2018/19.
Minutes:
132.1 The Leader presented a report by the Head of Finance, Governance and Assurance – copy attached to the signed Minutes – on the robustness of estimates made for the purposes of the budget calculations and the adequacy of the proposed reserves as required under Section 25 of the Local Government Act 2003.
132.2 RESOLVED:
i) That the recommended level of general balances to support the 2016/17 revenue budget at £28.20m, noting that the projected balance will be below this for 2016/17, be approved;
ii) That the projected recommended level of general reserves for the following two years at £26.45m in 2017/18 and £20.13m in 2018/19 be noted.