Decision details
2024/25 Reserves Policy (Non-Key)
PDF 206 KBDecision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
The purpose of the report is to provide the
outcome of the annual review of the Council’s Reserves Policy
following the reporting of the Council’s 2023/24
outturn
position. The report needs to be read in conjunction with the
Medium Term Financial Plan Update and Cabinet Response –
Responding to Our Medium Term
Financial Plan reports presented elsewhere on this
agenda.??
Decision:
The Cabinet considered an update on the Council’s Reserves Policy following the reporting of the Council’s 2023/24 outturn position and has agreed to:-
(1) Note the annual review of Council’s 2024/25 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 2024/25 Reserves Policy.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: N/A
Decision Reference: CAB479
Declarations or conflicts of Interest: None.
Other reasons / organisations consulted
N/A
Contact: Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025.
Report author: Michael Shields
Publication date: 19/09/2024
Date of decision: 18/09/2024
Decided at meeting: 18/09/2024 - Cabinet
Effective from: 26/09/2024
Accompanying Documents: