Issue - decisions
Robustness of Estimates and Adequacy of Reserves
09/02/2017 - Robustness of Estimates and Adequacy of Reserves
RESOLVED:
i) That the recommended level of general balances to support the 2017/18 revenue budget at £13.29m be approved , noting that the projected balance will be above this for 2017/18;
ii) That the projected recommended level of general reserves be noted for the following two years at £16.80m in 2018/19 and £33.68m in 2019/20.
iii) That it be noted that the Council’s General Fund Balance and/or Financial Strategy Reserve may be amended as required to facilitate any amendments required to the Financial Strategy following receipt of the Final Local Government Financial Settlement.