Annual review of earmarked reserves
To note and approve the annual earmarked reserves review.
Earmarked reserves are established to hold revenue balances to fund future year commitments over and above the annual budget requirement. They generally arise where funding exceeds expenditure, usually due to the timing of receipts being ahead of incurring expenditure. As a matter of good practice a review is undertaken each year to establish the continued need for reserves held for earmarked purposes to ensure resources can be used to best effect whilst maintaining a prudent level of reserves to meet future anticipated commitments.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 08/07/2019
Decision due: 24 October 2019 by Cabinet
Lead member: Cabinet member finance and corporate services
Lead director: Chief finance officer
Department: Corporate Support Centre
Contact: Josie Rushgrove, Head of corporate finance Email: firstname.lastname@example.org Tel: 01432 261867.
- 24/10/2019 - Annual review of earmarked reserves
- 24/10/2019 - Cabinet Annual review of earmarked reserves 24/10/2019
- Annual review of earmarked reserves