Targeting support to make things fairer

How the Council uses it's savings (reserves)

Reserves are savings that the Council keeps for emergencies or unexpected costs. They act as a safety net when the Council faces financial pressures or budget changes.

Some of these reserves are set aside for future expenses.

We sometimes use these savings to balance our budget, but we need to keep a certain amount for known risks, planned projects, and unexpected emergencies.

If we use most of our savings, we may find it difficult if there are unexpected costs, like rising inflation. It also:

  • doesn't solve our budget problems long-term
  • could lead to future service cuts
  • might result in the Government stepping in