RESOLVED:
1. It be noted that:
i) The savings achieved in year total £590k
ii) The year-end position for the financial year 2016/17 is to increase the Council’s General Fund balance by £20k
iii) The General Fund balance has increased from £1.635m to £1.655m at the end of 2016/17.
iv) That this change in the General Fund balance is after a transfer to earmarked reserves of £692k
v) That the business rates pool has returned a surplus of £329k to the City Council.
2. The transfers to and from earmarked reserves as below and detailed in section 8 of this report beapproved.