Retrograde is no way to fund financial recovery

By Rob Whiteman CBE | 26 March 2024

It is well known the Chartered Institute for Public Finance and Accountancy (CIPFA) has a longstanding policy to encourage adequate reserves for local authorities.

While most reserves are earmarked for known revenue and capital liabilities, or a means of providing cover on matters such as insurance to reduce the costs of premiums, the general un-earmarked reserve is a key tool for the council to manage its finances for the medium-term.

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Budgets and efficiency Finance CIPFA General Election Budgets Reserves