It is best practice that the Partnership has a documented and approved Reserves Policy. Local Authority Accounting Practice (LAAP) Bulletin 99 published in July 2014 provides advice from the Chartered Institute of Public Finance and Accountancy (CIPFA) in respect of Local Authority Reserves and Balances. This guidance applies to the Partnership. This Policy reflects the key messages from the LAAP Bulletin and outlines the practical application.

SEStran Reserves Policy