Issue - meetings

To consider a report of the Borough Treasurer.

The purpose of the report is to provide an update on the Council’s Reserves Policy following the reporting of the Council’s 2016/17 outturn position and the recommended annual review of the Policy.

The Cabinet at its meeting on 13 June noted the contents of this report including the recommended use of the Council’s 2016/17 outturn surplus in line with the CPPR reported elsewhere on this agenda; and approve the proposed 2017/18 Reserves Policy.

Recommendation

The Scrutiny Committee is asked to note the report.

Officer contact Jonathan Davies   on Tel: 218 1025 or by email on jonathan.davies@stockport.gov.uk

The Borough Treasurer submitted a report (copies of which had been circulated) providing an update on the Council’s Reserves Policy following the reporting of the Council’s 2016/17 outturn position and the recommended annual review of the Policy.

The Cabinet at its meeting on 13 June had noted the contents of the report.

The Leader of the Council (Councillor Alex Ganotis) attended the meeting to answer members’ questions.

The following comments were made/ issues raised:

·         The Scrutiny Committee noted the recent announcements by the Government in relation to business rate retention but that there was no change to the current pilot within Greater Manchester.

RESOLVED – That the report be noted.

To consider a report of the Leader of the Council and Cabinet Member for Finance, Policy & Devolution.

The purpose of the report is to provide an update on the Council’s Reserves Policy following the reporting of the Council’s 2016/17 outturn position and the recommended annual review of the Policy.

Cabinet is recommended to:

·         Note the contents of this report including the recommended use of the Council’s 2016/17 outturn surplus in line with the CPPR reported elsewhere on this agenda; and

·         Approve the proposed 2017/18 Reserves Policy.

Officer contact: Jonathan Davies, 0161 218 1025, jonathan.davies@stockport.gov.uk

The Leader of the Council submitted a report (copies of which had been circulated) updating the Cabinet on the Council’s Reserves Policy following the reporting of the Council’s 2016/17 outturn position and the recommended annual review of the Policy.

RESOLVED – That in relation to the Council’s Reserves Policy:-

·         The 2016/17 Review of the Council’s Reserve Policy be noted and the proposed use of the Council’s 2016/17 outturn surplus in line with the Corporate Performance and Resources Report Annual Report 2016/17; and

·         the proposed 2017/18 Reserves Policy be approved.