*RECOMMENDED TO COUNCIL:
I. That the minimum level of reserves be reduced to £4m.
II. That up to £8,070,000 be released from reserves to address the in-year impact of the pandemic.
III. That the Council should work towards achieving a balanced budget over the next 5 years, using reserves in the intervening years to help balance the budget.
IV. That officers continue to pursue income generating initiatives, where there is a sufficiently robust business case, as part of the recovery process.