Purpose

To consider a joint report of the Deputy Chief
Executive (Section 151 Officer) and Cabinet
Member for Finance and Resources.
The report provides the outcome of the annual review of the
Council’s Reserves Policy
following the reporting of the Council’s 2022/23 outturn
position.

The Scrutiny Committee/Cabinet is asked to comment on and:
a) Note the annual review of Council’s 2023/24 Reserves
Policy including the level
and rationale for the reserves held;
b) Recommend for approval the adjustments and reclassification of
earmarked
reserves held in line with the recommended amounts; and
c) Recommend for approval the proposed 2023/24 Reserves
Policy.

Content

The Cabinet considered
an update on the Council’s Reserves Policy following the
reporting of the Council’s 2022/23 outturn position and has
agreed to:-
 
(1) Note the annual
review of Council’s 2023/24 Reserves Policy including the
level and rationale for the reserves held.
 
(2) Approve the
adjustments and reclassification of earmarked reserves held in line
with the recommended amounts.
 
(3) Approve the
proposed 2023/24 Reserves Policy.