Earmarked Reserves. Most earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the council and to ensure that council reserves are used on an invest-to-save basis and to support council priorities. The exceptions to this are ring fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the council’s Reserves Policy update that will be reported to Corporate Resource Management and Governance Scrutiny Committee in September. Changes to the Reserve Commitments shown will be reported in the next Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for £000 Corporate Reserves Corporate Reserves Third Party Monies Reserve Parks Bequest 44 Corporate Reserves Third Party Monies Reserve XX Xxxxx Bequest 79 Corporate Reserves Area Committee Reserves Delegated Budgets 334 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 50 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 484 Corporate Priority Reserves Corporate Property Reserve Marple/Cheadle Pool Closure Loss of Income 49 Reserve Linked to Budget Transformation – Invest to Save Reserve Specialist Support from leisure experts for the Leisure review. 110 Reserve Linked to Budget Transformation - Invest to Save Reserve Climate Change 101 Total 1,251 3.5 Portfolio Savings Programme Proposal Risk Rating Value (£000) Forecasted Value Achieved (£000) Additional Information 2021/22 savings programme Adjustment to budget – resource and vacancy management plus additional commercial waste income. Green 70 70 The forecast suggests this will be achieved. Sustainable Stockport - subtotal 70 70 Risk rating Green – good confidence (90% plus) the saving is/will be delivered or minor variances (<£0.050m) that will be contained within the portfolio. Xxxxx – progressing at a reasonable pace, action plan being pursued may have some slippage across years and/or the final position may also be a little unclear. Red – Significant issues arising, or further detailed consultation required, which may be complex or contentious.
Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the Council, ensure that Council reserves are used on an invest-to-save basis and to support Council priorities. The exceptions to this are ring-fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the Council’s Reserves Policy update that will be reported to Corporate Resource Management and Governance Scrutiny Committee and Cabinet in August. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for “Approved Use” £000 Corporate Reserves Corporate Reserves Third Party Monies Reserve Parks Bequest 45 Corporate Reserves Third Party Monies Reserve XX Xxxxx Bequest 79 Corporate Reserves Area Committee Reserves Delegated Budgets 566 Strategic Priority Reserve Capital Programme Investment Reserve Road Safety in Schools 100 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 206 Corporate Reserves Legislative and Statutory Requirements Reserve Waste Campaign (18th months) carry forward 44 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 573 Strategic Priority Reserve Infrastructure Investment Reserve War Memorials 7 Corporate Property Reserves Corporate Property Reserves Cheadle Pool Closure Loss of Income 44 TOTAL 1,664
Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the Council and to ensure that Council reserves are used on an invest-to-save basis and to support Council priorities. The exceptions to this are ring fenced reserves and the Directorate Flexibility Reserve. Reserve Category Reserve Narration To be used for Balance of Reserve / “Approved Use” £000 Directorate Reserves Directorate Reserve Directorate Flexibility Reserve - People 2 ESA Advisors 2 Directorate Reserve Directorate Flexibility Reserve - People Additional Learning Disability transition workers 47 Corporate Reserves Budget Resilience Reserve Adults Reserve Learning Disability Sleep ins; increased hourly rates 24 Reserve Category Reserve Narration To be used for Balance of Reserve / “Approved Use” £000 Strategic Priority Reserve Health and Social Care Integration Reserve Investment into Stockport Together Neighbourhood and Boroughwide work streams including double running of services. 571 Strategic Priority Reserve Health and Social Care Integration Reserve Neighbourhood work stream. 96 Strategic Priority Reserve Health and Social Care Integration Reserve Care Act transfer for future year commitments 139 Strategic Priority Reserve Health and Social Care Integration Reserve Adult Social Care balances 3,859 Reserve Linked to Budget Transformation - Invest to Save Reserve Implementation of the Liquid Logic System across Children’s and Adults 662 Strategic Priority Reserve Health and Social Care Integration Reserve Support to Health and Social Care integration to align with Transformation Fund investment. * 750 Corporate Reserve Third Party Reserve Locality investment into Stockport Together * 3,281 Corporate Reserve Revenue Xxxxx XXXXX Co Production 23 Corporate Reserve Revenue Grant European Funded Schemes 213 Corporate Reserve Revenue Grant Hate Crime 10 Total 9,677 *Aligned to Stockport Together investment, locality funding held within Council reserves.
Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the council and to ensure that council reserves are used on an invest-to-save basis and to support council priorities. The exceptions to this are ring fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the Council’s Reserves Policy update that will be reported to Cabinet in July and Corporate Resource Management and Governance Scrutiny Committee in September. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for Balance of Reserve / “Approved Use” £000 Education: Reserve Linked to Budget Transformation – Invest to Save Reserve EP Service Redesign 19 Strategic Priority Reserve Traded Service Reserve Ethnic Diversity Reserve 65 Strategic Priority Reserve SEND Written statement of Action (WSoA) spend plan 794 Corporate Reserves Transformation / Double Running Reserve School Governor Services BTCOS *25 Corporate Reserves Transformation / Double Running Reserve Transport Review *108 Strategic Priority Reserve Traded Service Reserve Music Services 97 TOTAL – Education 1,108 Reserve Category Reserve Narration To be used for Balance of Reserve / “Approved Use” £000 Children & Family Services Reserve Linked to Budget Children’s Reserve Additional RIO post in the MASSH to support demand pressures *18 Corporate Reserves Legislative and Statutory Requirements Reserve Funding remaining for serious case reviews - 79 Corporate Reserves Third Party Monies Reserve NW Partnership monies 181 Budget Resilience Reserve Children’s Reserve SGO Property Adaptations *26 Corporate Reserves Third Party Monies Reserve LSCB, Local Safeguarding Children’s Board 94 Directorate Reserve Directorate Flexibility Reserve Family Group Co-ordinator 23 Directorate Reserve Directorate Flexibility Reserve Fostering Senior Practitioner *48 Budget Resilience Reserve Children’s Reserve Xxxxxx carer support 100 Directorate Reserve Directorate Flexibility Reserve Fostering Service Staffing - Team Mgr and Social Worker *93 Reserve Linked to Budget Workforce Investment/Change Reserve Childrens Transformation Lead 123 TOTAL 1,248 * Indicates 2020/21 reserves not drawn do...
Earmarked Reserves. Most earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the council and to ensure that council reserves are used on an invest-to-save basis and to support council priorities. The exceptions to this are ring fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the council’s Reserves Policy update that will be reported in September to the Corporate Resource Management and Governance Scrutiny Committee, and Cabinet Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for Approved £000 Corporate Reserves Strategic Priority Transformation – Invest to Save Stockport Local Fund 623 TOTAL 623
