An apology for absence was received from Councillor Kingscote.

It was reported that, in accordance with the wishes of the Liberal Democrat group, the membership of the Board had been amended to include Councillor Doggett in place of Councillor Pentney.

To confirm as a correct record the minutes of the meetings of the Board held on  4 September 2014.

The minutes of the meeting of the Overview and Scrutiny Board held on 4 September 2014 were confirmed as a correct record and signed by the Chairman.

To consider the review of reserves and make any recommendations to the Council.

The Board considered a report which set out the annual review of the Council’s reserves.  It was noted that, as part of the Children’s Services Five Year Cost Reduction Plan, it was recommended that the Council approve the transfer of £3.4 million from a number of reserves to fund planned spend in Children’s Services.  Children’s Services would then repay the reserves in 2017/2018 and 2018/2019.  This was in addition to £1.5 million which had been transferred from the PFI Sinking Fund to Children’s Services which had been agreed as part of last year’s review of reserve.

Resolved:  that the Board is not in a position to make a recommendation in relation to the review of reserves until a more robust review of the Children’s Services Five Year Cost Reduction Plan has been undertaken.

At this juncture, it was agreed to adjourn the meeting to a date and time to be confirmed.