(1) it is noted that:
a) the year-end position for the financial year 2020/21 is a decrease to the General Fund balance of £122k against a budgeted decrease of £48k
b) the General Fund balance has decreased from £1.501m to £1.379m at the end of 2020/21
c) that the level of earmarked reserves has increased by £9.738m to £13.771m, including the creation of an £8.929m Section 31 Grant Repayment Reserve
d) the impact of Covid-19 pandemic on the Council year end position
(2) the transfers to and from earmarked reserves as detailed in the table in section 6 of the report is approved.