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The Cabinet considered the report of the Head of Finance and ICT which provided details of the revenue outturn position on the 2012/2013 General Fund.
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Decision Made: |
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That approval be given to the transfer of £3.0m of the 2012/2013 General Fund revenue underspend to increase certain earmarked reserves as set out in paragraph 4.3 of the report, and to increase the level of General Balances by £2.865m.
Reasons for Decision: |
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To ensure the Cabinet are informed of the revenue outturn position for 2012/2013 and to seek approval to reserve part of the identified underspend; and transfer the remainder to General Balances.
Alternative Options Consideredc and Rejected:
None