Decision details

Reserves Position and Reserves Policy

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To agree the Reserves Position and Policy as part of the 2024/25 budget setting.




1)    Note the current position on Earmarked Reserves;


2)    Note the details of the amounts to be released from Earmarked Reserves balances to the General Reserve;


3)    Note that the £31.803m released from Earmarked Reserves is expected to be fully required to mitigate the forecast 2023-24 overspend, with the balance being funded from the RCCO Earmarked Reserve held to support revenue budget management, and so ensure that the General Reserve balance remains at a minimum level; and


4)    Approve the Reserves Policy at Appendix five to this report.

Report author: Eleanor Scriven

Publication date: 01/02/2024

Date of decision: 01/02/2024

Decided at meeting: 01/02/2024 - Cabinet

Effective from: 09/02/2024

Accompanying Documents: