Originally Posted by
Buster the Bear
Group reserves I am guessing include physical assets, like an airport, or is it held as cash?
Council Audit Statements are a little strange to the untrained eye. Ok the usable reserves can be called upon but once they are gone, they are gone! ie Sell your house to get cash but it can only be done once, might not be considered wise long term. The councils (along with many other councils) aim is to get additional funding from central government to tied them over without significant drawndown on reserves. Short term this could involve a reduction of services or increases in local tax, but that would not be good at the ballot boxes!