Resolved
(1) That the Council’s Performance, Risk and Financial report for the current financial year up to the end of Quarter 3 2023 be noted.
(2) That the following reserve requests be approved.
Directorate: Resources
Type: Earmarked
Description: Market Risk Reserve
Reason: Over-recovery of Treasury Income
Amount £m: (0.170)
Directorate: Resources
Type: Earmarked
Description: Transformation Implementation
Reason: Underspend withing Policy Contingency
Amount £m: (0.500)
Total Earmarked Reserves £m: (0.670)
(3) That the use of Policy Contingency of £1.476m to mitigate the lower than budgeted in-year income of S31 grant be approved.
(4) That the repurposing of £0.030m from the Fairway Flats Refurbishment project for the works at Cope Road Banbury approved by S151 under delegation powers be noted.