Issue - meetings

To consider a report by the Head of Financial Services.

noted the projected budget outturn for 2009/2010 together with details of variations from the previous forecast and agreed to transfer the actual underspend to the special reserve account.

The Cabinet received a report by the Head of Financial Services (a copy of which is appended in the Minute Book) on the projected budget outturn for 2009/2010 together with details of variations from the previous forecast.

In so doing, the Cabinet's attention was drawn to the savings likely to be achieved which would enable the contribution to the Special Reserve to be increased to the sum of £1.6m. Whereupon, it was

RESOLVED

  (a)  that the contents of the report be noted; and

  (b)  that the actual underspend for 2009/2010 be transferred to the Special Reserve on the closure of the account.