Issue - decisions
Allocation of Business Transformation Reserve
21/09/2017 - Transformation fund - top up from the 2016/17 budget surplus
RESOLVED
(i) That the transfer of £500,000 from the General Fund reserve to an earmarked transformation reserve be approved.
(ii) That the Chief Executive, in consultation with the Leader, be authorised to use the transformation fund as appropriate.
REASON
To top up the earmarked transformation reserve for projects that will help transform the Council in the future; being effectively funded from the 2016/17 budget surplus.