Decision details
Joint Performance and Finance Report
Decision Maker: Cabinet
Decision status: Recommend Forward to Council
Is Key decision?: No
Is subject to call in?: Yes
Decision:
Agreed that –
2. the Section 151 Officer recommended adjustments to reserves and provisions be approved as follows:
· reallocation of grants provision (£0.327m)
· reallocation HRA Working Balance (£1.592m)
· transfer to Waste Reserve £0.900m
· transfer to Redundancy Reserve £1.000m)
· transfer to Pensions Reserve £0.850m
3. Cabinet approve the following budget carry forwards:
· Schools Demolition Costs £0.300m
· Procurement Contingency £0.400m
· Americas Cup £0.100m
4. the financing requirement of £69.718m be noted and Cabinet approve the borrowing requirement of £16.823m for 2010/11;
Publication date: 10/06/2011
Date of decision: 07/06/2011
Decided at meeting: 07/06/2011 - Cabinet
Effective from: 18/06/2011