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Shropshire
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Decision details

Robustness of Estimates and Adequacy of Reserves

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The Leader introduced a report from the Director of Finance, Governance and Assurance, on the robustness of the estimates made for the purposes of the budget calculations and the adequacy of the proposed reserves.

Decision:

RESOLVED:

 

A         To approve the recommended level of general balances to support the 2019/20 revenue budget at £20.400m, noting that the projected balance will be below this for 2019/20;

 

B         To note the projected recommended level of general reserves for the following four years at £26.017m in 2020/21, £32.604m in 2021/22, £34.312m in 2022/23 and £34.700m in 2023/24.

 

C         To note that further consideration will be made of the implications of figures contained within this report and should there be any material change required, this will be reported to Council on 28 February 2019.

 

Publication date: 14/02/2019

Date of decision: 13/02/2019

Decided at meeting: 13/02/2019 - Cabinet

Effective from: 21/02/2019

Accompanying Documents:

 

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