Cabinet considered a report from the Authority’s Chief Financial Officer on the robustness of the estimates made for the purposes of the budget calculations and the adequacy of the proposed reserves.

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.