Reserves policy review — has the floor been reconsidered?
Why this matters — Already deferred twice (12 March, then 9 April). Tonight's variance review (Q4–Q6) makes the floor question unavoidable: if maintenance keeps overrunning, either the floor needs raising or the projection needs new assumptions. A third defer leaves the wider board with two cycles of inactivity on a foundational question.
From past meetings — Originally raised 12 March (Deferred). Reconsidered 9 April (Deferred again). Owner Sarah Mitchell. Due 30 April — overdue.