Decision details

The Committee resolved to

1.    Note a reduction in the surplus at outturn from £10,875k to £10,604k, a difference of £271k for the year to 31 March 2024,

2.    Approve a reduction of £271k in the transfer to the Sinking Fund Reserves

3.    Approve the following transfers to reserves

a.    £3,000k to Business Rates (National Non-Domestic Rates) Equalisation Reserves

b.    £6,604k to the Sinking Fund Earmarked Reserve

c.    £1,000k to the General Fund Reserve

d.    £1,400k S106/Community Infrastructure Levy (CIL) income received to reserves

e.    £1,600k to Earmarked Revenue Reserves in respect of the unspent Afghans support grants