Common use of Earmarked Reserves Clause in Contracts

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. Most 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 councilCouncil’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 next mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for Reserve / Approved Use Balance £000 Corporate Planned / Approved use of Reserves Corporate £000 Balance of Reserve £000 Directorate 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 EP Service Redesign 19 0 19 Strategic Priority Reserve Traded Service Reserve Ethnic Diversity Reserve 65 0 65 Strategic Priority Reserve Traded Service Reserve Music Services 97 0 97 Corporate Reserves Corporate Reserves Revenue Grant Reserve Young Apprenticeship Scheme 11 0 11 Corporate Reserves Transformation / Double Running Reserve Transport Review 108 108 0 Corporate Reserves Legislative and Statutory Requirements Reserve Funding remaining for the Leisure review. 110 serious case reviews - 79 0 79 Reserve Linked to Budget Transformation - Invest Children’s Reserve Additional RIO post in the MASSH to Save support demand pressures 18 18 0 Corporate Reserves Third Party Monies Reserve Climate Change 101 NW Partnership monies 262 0 262 Corporate Reserves Revenue Grant Reserve ASC SW Development Grant 8 8 0 Corporate Reserves Revenue Grant Reserve CYP SW Development Grant 14 14 0 Corporate Reserves Revenue Grant Reserve CYP ASYE Grant 39 39 0 Budget Resilience Reserve Children’s Reserve SGO Property Adaptations 26 26 0 Corporate Reserves Third Party Monies Reserve GM Scale and Spread Income, Werneth Pilot 296 296 0 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.1,136 0.603 0.533

Earmarked Reserves. Most 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 ring-fenced reserves and the Directorate Flexibility Reserve. 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 SeptemberSeptember 2021. 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 Directorate Reserves Directorate Reserve Directorate Flexibility Reserve - Place Stockport Economic Plan 100 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 Interchange 5,472 Strategic Priority Reserves Corporate Property Reserve MarpleInfrastructure Investment Reserve To part fund GM Full Fibre Network Programme (capital scheme) 345 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes SEMMMS Refresh - feasibility/Cheadle Pool Closure Loss of Income 49 design - Change Here: Next Gen Metro 80 Strategic Priority Reserve Linked to Budget Transformation – Invest to Save Capital Investment Reserve Specialist Support from leisure experts for the Leisure review. 110 - Town Centre & District Schemes Xxxx Mill 140 Strategic Priority Reserve Linked to Budget Transformation Capital Investment Reserve - Invest to Save Town Centre & District Schemes Residential Design Guide 8 Strategic Priority Reserve Climate Change 101 Capital Investment Reserve - Town Centre & District Schemes Town Centre West - Greek Street Rail Bridge 17 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes District Centres 51 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes HS2 Growth Review 37 Strategic Priority Reserve Capital Investment Reserve - Merseyway Addlington Walk Schemes 3,820 Strategic Priority Reserve Capital Investment Reserve - Merseyway Refronting 294 Strategic Priority Reserve Capital Investment Reserve - Merseyway Mersey Square 204 Strategic Priority Reserve Capital Investment Reserve - Merseyway Merseyway Public Realm match funding 1,023 Total 1,251 11,591 3.5 Portfolio Savings Programme Proposal Risk Rating Value (£000) Forecasted Value Achieved (£000) Additional Information 2021/22 savings programme Adjustment to budget – resource Resource and vacancy management plus additional commercial waste income. Green 70 70 50 50 The forecast suggests this will be achieved. Sustainable Stockport Economy & Regeneration - subtotal 70 70 50 50 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 complex/contentious.

Earmarked Reserves. Most 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 councilCouncil’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 next mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for Balance of Reserve / “Approved Use” £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 Education: Reserve Linked to Budget Transformation – Invest to Save Reserve Specialist Support from leisure experts 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 the Leisure review. 110 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 - Invest Lead 123 TOTAL 1,248 * Indicates 2020/21 reserves not drawn down and likely 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 return 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) Corporate as part of 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 contentioussummer Reserves Policy review.

Earmarked Reserves. Most 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 have been reported to Cabinet in July and 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 mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for £000 Directorate Reserves Directorate Reserve Directorate Flexibility Reserve - Place Development of a housing prospectus for ageing well 50 Directorate Reserve Directorate Flexibility Reserve - Place Marple Leisure Project 12 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 334 403 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 50 170 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 484 487 Corporate Priority Property Reserves Corporate Property Reserve Marple/Reserves Marple / Cheadle Pool Closure Loss of Income 49 Reserve Linked to Budget Transformation – - Invest to Save Reserve Specialist Support support from leisure experts for the Leisure review. review 110 Reserve Linked to Budget Transformation - Invest to Save Reserve Climate Change 101 124 Total 1,251 1,528 3.5 Portfolio Savings Programme Proposal Risk Rating Value (£000) Forecasted Value Achieved (£000) Additional Information 2021/22 2019/20 savings programme Adjustment to budget – resource Public Realm Offer (2019/20 and vacancy management plus additional commercial waste income. Green 70 70 2020/21 savings) 975 975 The forecast suggests this will be achieved. Life Leisure Offer 150 150 The management fee was reduced by £0.150m. The closure of leisure centres has overtaken this, but as things go back to normal the management fee should remain at the right level to achieve this saving. Various increases on Fees & Charges 155 100 Although demand may be down due to Covid-19, adjustment to fees and charges designed to achieve the saving have been or are taking place. There are some areas which have decided to delay increasing fees due to Covid-19 which may impact on the savings. Sustainable Stockport - subtotal 70 70 1,280 1,280 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.