general reserves Archives

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Post Tagged with: "general reserves"

LETTER: Cheshire East Council – reserves, revenue and risk

Dear Editor
Okay, council finances are dry reading but CIPFA (Chartered Institute of Public Finance & Accountancy) offers a useful explanation of Council Reserves because reserves are important.

They 1) cushion the impacts of uneven cash flows and avoid temporary borrowing. 2) provide a contingency for unexpected emergencies and 3) can be ‘earmarked’ to meet anticipated requirements.

January 21, 2024 —

Cheshire East Council ‘general reserves’ rise to £11.5 million

By Belinda Ryan, local democracy reporter
A councillor has sought assurances that Cheshire East’s £11.5m general reserves would be enough in the event of a crisis because it is lower than most local authorities.

The council increased its general reserves from £10m to £11.5m last year – taking it to 3% of the annual revenue budget.

January 7, 2022 —