Council reserves 31st march 2011

The request was successful.

Dear Weymouth and Portland Borough Council,

I would be grateful if you could supply details regarding the
financial Reserves held by your Council as at the 31st March 2011.

1. Please provide the full reserves held by the Council on 31st March 2011.

2. Was any of this sum earmarked for specific projects and if so how much and for what projects.

3. Please specify the amount of reserves available to the Council that could be used to support revenue spending.

Yours faithfully,

Graham Parish

Yours faithfully,

Graham Parish

Customer Care, Weymouth and Portland Borough Council

1 Attachment

Dear Mr Parish,

Thank you for your Freedom of Information request. Please find our acknowledgment letter attached.

Many thanks,

Jo Woodall
Team Leader - Customer Focus
Weymouth & Portland Borough Council
North Quay, Weymouth, Dorset, DT4 8TA
01305 838000

www.dorsetforyou.com

Weymouth & Portland -
Sailing venue for the London 2012
Olympic and Paralympic Games

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Joanne Woodall, Weymouth and Portland Borough Council

1 Attachment

Dear Mr Parish,

Thank you for your Freedom of Information request. Please find our response letter attached.

If you require any further assistance, please let me know,

Many thanks,

Jo Woodall
Team Leader - Customer Focus
Weymouth & Portland Borough Council
North Quay, Weymouth, Dorset, DT4 8TA
01305 838000

www.dorsetforyou.com

Weymouth & Portland -
Sailing venue for the London 2012
Olympic and Paralympic Games

show quoted sections

Dear Joanne Woodall,

Many thanks for your prompt reply. Most of the information is clear but I would be grateful if you could explain what is the "Treasury management reserve" which is 2.2 million pounds.

many thanks

Yours sincerely,

Graham Parish

Joanne Woodall, Weymouth and Portland Borough Council

Dear Mr Parish,

Our Group Accountant has explained that :
The Treasury Management Reserve is built up at times of high interest rates when the investment income exceeds the budget. It is used to smooth out fluctuations in movement of interest rates and to support the budget at times of low interest rates.

Kind regards,

Jo Woodall
Team Leader - Customer Focus
Weymouth & Portland Borough Council
North Quay, Weymouth, Dorset, DT4 8TA
01305 838000

www.dorsetforyou.com

Weymouth & Portland -
Sailing venue for the London 2012
Olympic and Paralympic Games

show quoted sections