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.
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