Decision
Analysis
outcome: The Cabinet approved the transfer of reserves to General Fund Balances and Housing Revenue Account Balances, and noted the current levels of reserves remaining.
summary: The decision involves re-purposing unspent reserves following a recent review by the Council's finance department.
topline: The Cabinet has decided to re-purpose unspent reserves following a recent review by the Council's finance department.
reason_contentious: This issue is not particularly contentious as it involves financial management and allocation of reserves.
affected_stakeholders: ["Cabinet members", "Council finance department"]
contentiousness_score: 2
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://democracy.tamworth.gov.uk/ieDecisionDetails.aspx?ID=918
Decision Maker: Cabinet
Outcome:
Is Key Decision?: Yes
Is Callable In?: No
Purpose: To advise Members of the levels of reserves and to seek approval to re-purpose unspent reserves, following review by CMT and the Executive Director Finance.
Content: Report of the Leader of The Council to advise Members of the levels of reserves and to seek approval to re-purpose unspent reserves, following the recent review by CMT and the Interim Executive Director Finance. RESOLVED that Cabinet: 1. Approved the transfer of the reserves, as detailed in Appendix A, including £22,513.40 to General Fund Balances and £67,875 to Housing Revenue Account Balances (HRA); and 2. Noted the current levels of reserves remaining. (Moved by Councillor N Arkney and Seconded by Councillor B Clarke)
Date of Decision: December 12, 2024