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Reference:
2023/0414
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Question by:
Anne Clarke
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Meeting date:
19 January 2023
The LFB’s Reserve Strategy says “Transformation and CRMP Reserve - Throughout the delivery of the CRMP, there is the potential for unbudgeted risks to occur as the specifics of each project are better understood. Therefore, the indicative profiled use of these reserves (Annex A) throughout the MTFS are expected, resulting in a nil balance on both of these reserves by the end of the 2025/26 budget period”. How will the LFB seek to deal with unbudgeted risks from 2026/27 onwards, given the balance of the Transformation and CRMP Reserves will be nil?