Agenda item

Report of the Chamberlain and the Director of Community and Children's Services

Members noted the total net transfer to reserves for the year was £1.895m, whereas

the final agreed budget assumed £0.577m, representing a reduced

requirement of £1.318m. Revenue Reserves ended the year with a

balance of £9.610m. The Major Repairs Reserve ended the year with a balance of £6.226m, £0.845m less than expected, mainly due to the Avondale decent

homes improvements program, progressing ahead of original schedule.

Resolved – that the update be received.