Annual review of earmarked reserves
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To note and review the earmarked reserves held by the council.
(a) Note the Earmarked Reserves balances held at 31 March 2022 as at Appendix 1.
(b) Approve the following movements in reserves to fund the following projects:
a. Implementation of countywide 20mph speed limit zones £1.2m.
b. School travel plan support £0.31m
c. Building retrofit and supply chain development £0.58m
d. Further development of the Eastern River crossing business case £1m
e. Reducing the backlog of Traffic regulation orders and carrying out further signing and lining £0.66m
Alternative options considered:
There is no alternative option to undertaking a review. Alternative use of earmarked funds could be proposed, this is open for Cabinet to determine. However should that mean that funds required for an earmarked purpose are no longer available an alternative method of funding would need to be secured. Not all earmarked funds may be redirected for use – for example funding received from external sources for a specified purpose may not be able to be redirected if doing so would amount to a breach of funding conditions.
Wards Affected: (All Wards);
Contact: Joanne Moore, Interim Head of Corporate Finance Email: Joanne.Moore@herefordshire.gov.uk Tel: 01432 261555.
Publication date: 29/09/2022
Date of decision: 29/09/2022
Effective from: 06/10/2022
- Annual review of earmarked reserves