Resolved: (a) That it be recommended to Full Council that the revised minimum balances requirement be £1,500,000 with the excess of £350,000 above the current levels being transferred to the Contingency Reserve (£80,000), the Insurance Fund (£120,000) and the Provision for Bad Debts (sundry debtors) (£150,000)
(b) That the 2012/13 General Fund Revenue Budget and the Capital Programme 2012/13 as detailed in the report to Cabinet dated 18 January 2012 be recommended to Full Council for approval together with a recommendation that there be no increase in the Borough’s council tax for 2012/13.
(c) That the contribution from the Budget Support Fund be £179,000.