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