Council earmarked reserves
WebThe level of earmarked reserves will be reviewed in the preparation of the Medium Term Financial Strategy and again as part of the Closure of Accounts process. The creation of any new... WebOct 8, 2024 · If the total of all reserves (earmarked and uncommitted) is greater than twice the precept, the council will be required to explain its reserves as part of the annual audit process. The auditor may highlight an excessive general reserve, but the final decision rests with the council. answered Oct 8, 2024 by DavetheClerk (46.1k points)
Council earmarked reserves
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Webthrough council tax, (its council tax requirement) is calculated by deducting from its planned spending any funding from reserves, income it expects to raise, and funding it will ... earmarked reserves. Non-ringfenced revenue reserves comprises of unallocated reserves and other earmarked Web3. Earmarked reserves 3.1 Earmarked reserves will be established on a “needs” basis, in line with anticipated requirements. 3.2 Any decision to set up a reserve must be given by the Council. 3.3 Expenditure from reserves can only be authorised by the Council. 3.4 Reserves should not be held to fund ongoing expenditure. This would be
WebElections Reserve 3.5 This earmarked reserve is to cover the cost of by-elections. 3.6 The reserve will be held at the approximate cost for two by-elections, comprising one for … WebExamples of Earmarked Reserve in a sentence. Where the conditions of a revenue grant or contribution have been complied with but it is yet to be used to fund expenditure for the purpose stipulated in the grant agreement, it is set aside in an Earmarked Reserve.. Monies are set aside in the Business Rates Retention Earmarked Reserve to mitigate the …
WebReserves HRA Balance Capital Receipts Reserve Schools Reserve Capital Grants Unapplied Account Other Earmarked Reserves TOTAL USABLE RESERVES County & County Borough Councils £m £m £m £m £m £m £m Anglesey 5.9 8.4 1.2 0.6 0.0 8.7 24.8 Blaenau Gwent 6.2 0.0 6.5 1.0 0.7 5.8 20.2 Bridgend 8.8 0.0 17.9 0.6 1.5 47.5 76.3 WebPurpose of reserves In accordance with CIPFA guidance, earmarked reserves are held for a number of purposes: Sums set aside for major schemes such as capital developments …
WebThe Committee discussed recommendations to Parish Council for capital allocations to existing or new Earmarked Reserves. ... AGREED: to recommend to Parish Council the following recommendations for capital allocations to Earmarked Reserves for 2024/24. Unanimous . 339 Tree works – £4480. 335 The swathe – £10000. 329 Tennis court long …
WebJan 4, 2024 · 4.9 The Council’s current earmarked reserves are detailed at 5.1 of this policy. 5. Current Levels of Financial Reserves 5.1 Current level of Financial Reserves (at 1st April 2024) The... the ivy tunbridge wells table planWebEarmarked Reserves and General Balances Policy Statement 2024/23 Introduction 1. This paper sets out the Council’s policies underpinning the maintenance of a level of general … the ivy victoria london menuWebNov 30, 2024 · The capital grant may replace reserves earmarked for use towards capital investment in affordable housing. Only an amount of revenue reserves which is equal to the value of the capital grant allocated for capital investment in affordable housing may be released to meet the pay award. the ivy voucher extensionWebThe Council discussed the earmarked reserves and if some of the reserves needed be moved to other projects. The Council discussed being open with the reserves, making sure that earmarked projects are completed, or the funding be reallocated 22.162 To note the grants received the ivy wallpaperthe ivy wall spaldingWeb1 day ago · Around £40m of that fund has been earmarked for long-term capital investments and energy efficiency, but that will do little for over 2,000 council-owned swimming pools and leisure centres that are struggling with day-to-day costs. ... Sevenoaks DC for example has agreed to use nearly £2m of its earmarked reserves to re-open … the ivy vouchers londonWebExcluding schools, earmarked reserves are forecast to be £54.1m at 1 April 2024, reducing over the medium term to £44.9m by 2024/24. This position takes into account an estimated deficit on the... the ivy waiter