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.

Decision

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.