117 Reserves Strategy PDF 208 KB
The Leader of the Council and Cabinet Member for Finance and Growth, will report at the meeting. Report attached.
Minutes:
The Leader, Councillor O’Brien presented a report detailing a proposed reserves strategy for the council. The proposed consolidation of reserves ensure the council has a corporate approach to the management and control to reserves and that these are focussed and aligned to financial risk and corporate priorities.
Delegated decision:
Cabinet is agrees to:
Reasons for the decision:
The implementation of the reserves strategy will enable the council to be more effective in its financial planning, and management of risk.
Other option considered and rejected:
To reject the recommendations.