The Police and Crime Commissioner for Gwent has approved the Reserves and Committed Funds Strategy.
Reference Number: PCCG-2018-038
Date Added: Wednesday, September 19, 2018
Details:
The Local Government Finance Act 1992, Sections 31A, 32, 42A and 43 require ‘Billing’ and ‘Precepting’ Authorities in England and Wales to have regard to the level of reserves needed for meeting estimated future expenditure when calculating the budget requirement. In this context, the Commissioner is a Precepting Authority.