Issue - meetings

Members were advised that the General Fund was subject to a reduced budget and it was an achievement to stay within the budget, although this did require the use of earmarked reserves. The need to use reserves has been highlighted in the Medium Term Financial Strategy.

Cabinet noted that the most significant items were the cost of settlements regarding live animal exports, which amounted to £1.8million last year, and the need to set aside £2million for potential risks/insurance, largely in relation to the impending Health & Safety Executive prosecution.

Councillor Townend proposed, Councillor Brimm seconded and Members approved the proposed movements to earmarked reserves as outlined in paragraph 2.4 of the Cabinet report.