Decision details
Annual review of earmarked reserves
PDF 116 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To note and review the earmarked reserves held by the council.
Decision:
That:
a) The earmarked reserves and balances held by the council at 31 March 2023 are reviewed and confirmed as prudent to meet future financial commitments and risks.
Alternative options considered:
1. There is no alternative option to undertaking a review of earmarked reserves and balances, it is considered to be best practice.
2. Alternative use of earmarked reserves could be proposed, this is open for Cabinet to determine. Not all earmarked reserves may be redirected, for example, the funds may be subject to conditions on spending.
Wards Affected: (All Wards);
Contact: Rachael Hart, Head of Strategic Finance Email: Rachael.Hart@herefordshire.gov.uk Tel: 01432 383775, Judith Tranmer, Chief Accountant Email: judith.tranmer@herefordshire.gov.uk Tel: 01432 261867.
Publication date: 21/12/2023
Date of decision: 21/12/2023
Effective from: 30/12/2023
Accompanying Documents:
- Annual review of earmarked reserves