Decision details
Reserves Position and Reserves Policy
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To note the current and forecast positions for
both General and Earmarked Reserves and to approve the Reserves
Policy
Decision:
RESOLVED TO:
1) Note the current position on Earmarked Reserves;
2) Note the details of the amounts to be released from the Earmarked Reserves balances;
3) Note the allocation of £11.913m Earmarked Reserves release to the Budget Management Earmarked Reserve; and
4) Approve the updated Reserves Policy at Appendix five to the report.
Report author: Sue Pilgrim
Publication date: 02/02/2023
Date of decision: 02/02/2023
Decided at meeting: 02/02/2023 - Cabinet
Effective from: 10/02/2023
Accompanying Documents: