OVERALL IW COUNCIL RESERVES & BALANCES 2007-08: (from public Scrutiny Committee last week)1st column shows the reserves the Council leadership started with on 1.4.07, spread across lots of different pots;
2nd column shows how much each will be reduced by this financial year. 'Education' spending is good - 'Org Dev Reserve' is bad > where the Undercliff enquiry etc was funded from;
3rd column represents a tidying up of all the pots of money so that £14.372m can be put into the General Reserve. This is uncommitted money;
4th column shows the total in Reserves at the end of March 2008. Only the £16.427m is generally uncommitted - unless the 'doubtful debts' are chased up more actively !!!
Overall you can see that the TOTAL reserves have been reduced this year by nearly £8m.
Scrutiny is now seeking similar details for the previous two financial years.
2 comments:
Well done Geoff. Black and white can't be argued with? Presumably the education reserve is held by the schools, or centrally for classroom extensions / building repairs?
It is held for the schools
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