Agenda item

In response to a query from a Member, the CGO explained that reserves were considered by officers on a case-by-case basis taking a number of factors into account. In this case, the reserves being above target was considered to be justified as the organisation were taking on significant commitments that would increase expenditure in the ensuing year.

APPROVED a grant of £150,000 towards the purchase of specially designed shipping container pod offices on the site on condition that a satisfactory lease is finalised with LB Hackney.