To consider the submitted report on the current forecast position on the use of Council reserves.

Members considered the submitted report setting out a review of the Council’s financial reserves as part of the Council’s annual budget process.

Elected Mayor Oliver proposed and Councillor Mills seconded a motion, which was agreed by the Council as set out below:

(i)         that £2.0 million be earmarked in the Comprehensive Spending Review Reserve to fund the predicted 2017/18 Council overspend;

(ii)        that £0.200 million be transferred from the Comprehensive Spending Review Reserve to the IT Replacement Fund;  and

(iii)       that £0.050 million be allocated from the Comprehensive Spending Review Reserve to a Swimming Pool Reserve to support the 2018/19 budget proposal