Adopt a risk-based reserves strategy with minimum level and replenishment

Section 151 officer and finance: Adopt a risk-based reserves strategy with minimum level and replenishment. Starts when: Reserves recommendation, or the Section 25 statement falls due. Steps: Open reserves model; Derive the minimum from quantified risk; Set contribution trigger points; Write the replenishment plan into the MTFS; Record the approval minute. Done when: The strategy states the minimum, its risk basis and funded contributions, and monitoring compares actual reserves to it each cycle. Rules that apply: Section 25 statement; CIPFA guidance on reserves (LAAP, cited at Worcestershire).

Sign in with EDGE ID