Decision

The Leader took Members to a vote on the
recommendations which were agreed with 4 in favour.
 
RESOLVED
 
Cabinet agreed to:
 
(i) 
Note the outturn position detailed at Appendix A.
(ii) Approved the update to
Reserves and Balances in Appendix B.
(iii) Approved the update to
Specific Reserves in Appendix C.
(iv) Noted the year end movements
to the Capital Programme in Paragraphs 33 to 38 and detailed at
Appendix C.
(v) Recommended to Council that
after previously agreed and proposed uses, the balance of interest
income from Treasury Management is used as follows: £1,058k
to replace the planned draw from the General Reserve (GR) and a
further £238k contribution to the GR, to get closer to the
achievement of the robustness recommendations from Budget;
£100k in support of the Planning JR; £100k to the
OD&E reserve to support LGR transition. With the service
underspend being set aside for to help fund project and efficiency
work across the council’s services, including work that will
support the governments productivity expectations.
(vi) Noted the positive
performance outturn set out in paragraphs 8-19.