Issue - meetings

Reserves Strategy

Meeting: 19/02/2024 - Corporate Policy and Resources Committee (Item 28)

28 Capital and Revenue Reserves Strategy pdf icon PDF 1 MB

Committee is asked to note the strategy for the Council’s reserves for the four years from 01 April 2024 to 31 March 2028 and the use of £703.8k from the Social Housing Initiatives Fund (included in the Prevent Homelessness Reserve) to fund the 2024-25 budget deficit.

Additional documents:

Minutes:

The Committee resolved to note the forward forecast Estimated Council Reserves for the four years ended 31 March 2028 and the use of £703.8k from the Social Housing Initiatives Fund (Reserve), to cover the £703.8k budget deficit for 2024-25, to deliver a balance budget.