Fire and Rescue Authority financial reserves: March 2019
Provides information on the level of financial reserves held by each standalone Fire and Rescue Authority for the year 2018 to 2019.
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Fire and Rescue Authorities (FRAs) can keep part of their funding in financial reserves to help manage financial risk and to fund major future costs such as change programmes aimed at improving services to the public.
Usable financial reserves are split into resource and capital. Resource reserves are categorised into a general fund to cover unforeseen pressures and earmarked reserves which are each held for a specific purpose. Capital reserves are ring-fenced for capital investment.
As at March 2019, standalone Fire and Rescue Authorities’ resource reserves stood at £538 million. This is equivalent to 39% of their core spending power.