Issue - decisions

RESOLVED that:

                    (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.