Decision details

Reserves Review

Decision Maker: Budget Planning Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No




(1)      That the outcome of the review of reserves and the forecast over the Medium Term Financial Statement be noted.



(2)      That the following feedback be given to Executive:


         That having enquired if sufficient reserves were held in transformation and redundancy  to mitigate costs involved in light of the separation of joint services between Cherwell District Council and Oxfordshire County Council, the Committee was assured that the costs of separation, if any, were currently unknown and if necessary, funds could be made available from reserves to support costs of separation in 2022/23. If  any potential ongoing costs of separation were identified, these would be picked up as part of the 2023/24 budget process and a further review of the level of reserves held by the Council would also take place.

Report author: Joanne Kaye

Publication date: 26/01/2022

Date of decision: 25/01/2022

Decided at meeting: 25/01/2022 - Budget Planning Committee

Accompanying Documents: