Cllr Alastair Majury on Earmarked Reserves as at 31 March 2019 £19.271m

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The Audit Committee had several interesting (yes really!) papers at the previous meeting. However, I thought that people may be interested in the paper about Earmarked Balances. In many cases there is good reason for the money sitting as an earmarked balance, in other cases it would appear that Stirling Council is simply sitting on this money instead of spending it. This includes nearly £250,000 that could be spent fixing potholes.

Per the paper:

General Fund Reserves are split between uncommitted reserves (the level of funding available to Stirling Council to manage financial risks and unplanned expenditure) and reserves which have been earmarked for specific purposes.

The level of overall General Fund Reserves held by Stirling Council increased by £1.030m in 2018/19 from £27.433m to £28.463m. Within this total:

  •  The level of uncommitted reserves reduced by £0.630m in 2018/19 from £9.822m to £9.192m.
  • The level of earmarked reserves increased by £1.660m in 2018/19 from £17.611m to £19.271m.

This includes:

Nearly £0.5M for Car Park Trading Account

And also nearly £250,000 that could be being spent on repairing potholes.

A full copy of the reserves are reproduced below:

If you would like a paper copy of this paper please get in touch and I would be happy to arrange for a copy to be sent to you, if you would like an electronic copy of the full agenda please also do get in touch and I would be happy to send a copy to you.

Alastair Majury resides locally in the historic Scottish city of Dunblane, and is a Senior Regulatory Business Analyst working across the country. Alastair Majury also serves on the local council (Stirling Council) as Councillor Alastair Majury where he represents the ward of Dunblane and Bridge of Allan, topping the poll.

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I am a Chartered Member of CISI, which is the UK’s leading securities and investment professional body. Alastair Majury resides locally in Dunblane.

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Alastair Majury

Alastair Majury

I am a Chartered Member of CISI, which is the UK’s leading securities and investment professional body. Alastair Majury resides locally in Dunblane.

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