Issue - meetings

Report of the Director of Finance and Support

1.      The outturn position for the revenue General Fund is noted.

2.      The net movement in Earmarked Reserves of £329k as detailed in Appendix 3 of the report and summarised in the following table is noted:

Councillor Perkins, as relevant Portfolio Holder, submitted a report identifying the outturn position for the 2008/09 General Fund Revenue Account.  He advised that the final earmarked reserves stood at £8.2 million.  An explanation was given as to the technical adjustments in accounting standards, which had arisen from Local Government directives to ultimately converge Local Government accounting practices to be in line with standard commercial practices.

RESOLVED

1.      That the outturn position for the revenue General Fund be noted.

2.      That the net movement in Earmarked Reserves of £329k as detailed in Appendix 3 of the report and summarised in the following table be noted: