Appendix C
Reserves Statement - 2012/13 Base Budget
Reserve
Purpose and Use of
Reserve
General Fund - General
Reserve
A working balance and contingency,
current recommended balance is
£950,000. This also includes the
reallocation of a number of previously
earmarked reserves to be used over the
next four years.
Balance at
1/4/2012
Budgeted
2012/13
Movement
Balance at
1/4/2013
Budgeted
2013/14
Movement
Balance at
1/4/2014
Budgeted
2014/15
Movement
Balance at
1/4/2015
Budgeted
2015/16
Movement
Balance at
1/4/2016
£
£
£
£
£
£
£
£
£
1,828,947 (200,000) 1,628,947
(300,000) 1,328,947
(200,000) 1,128,947
(100,000)
1,028,947
611,678
611,678 1,223,356
611,678 1,835,034
611,678
2,446,712
0 1,151,625 1,151,625
674,275 1,825,900
674,275 2,500,175
674,275
3,174,450
13,340 1,483,035
(275,937) 1,207,098
0
1,207,098
Earmarked Reserves:
New Homes Bonus
Big Society Fund
Capital Projects
Organisational Development
Coast Protection
Pathfinder
Asset Management*
Established for supporting communities
with future growth and development.
To support projects that communities
want, where they will make a difference
to the economic and social wellbeing of
the area.
To provide funding for capital
developments and purchase of major
assets. This includes the VAT Shelter
Receipt.
To provide funding for organisation
development to create capacity within the
organisation and address anomalies
within the pay structure.
To support the ongoing coast protection
maintenance programme.
To help Coastal Communities adapt to
coastal changes.
To support improvements to our existing
assets as identified through the Asset
Management Plan.
Sheringham Splash
Earmarked for repairs and renewals for
the Splash facility, from repair budget
under spends in the year.
Sports Hall Equipment
To support renewals for sports hall
equipment. Amount transferred in the
year represents over or under
achievement of income target.
0
1,440,515
611,678
29,180 1,469,695
358,488
0
358,488
0
358,488
0
358,488
0
358,488
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,952
0
10,952
0
10,952
0
10,952
0
10,952
0
0
0
0
0
0
0
0
0
15,232
0
15,232
0
15,232
0
15,232
0
15,232
Appendix C
Reserves Statement - 2012/13 Base Budget
Purpose and Use of
Reserve
Reserve
Common Training
To deliver the corporate training
programme. Training and development
programmes are sometimes not
completed in the year but are committed
and therefore funding is carried forward
in an earmarked reserve.
Local Strategic Partnership
To ring fence underspends on the LSP
for future liabilities and service delivery.
Environmental Health
Environmental Policy
Earmarking of underspends for future
liabilities associated with expansion of
the waste service.
Earmarking of a previous underspend to
meet future costs of environmental policy
initiatives.
Balance at
1/4/2012
Budgeted
2012/13
Movement
Balance at
1/4/2013
Budgeted
2013/14
Movement
Balance at
1/4/2014
Budgeted
2014/15
Movement
Balance at
1/4/2015
Budgeted
2015/16
Movement
Balance at
1/4/2016
£
£
£
£
£
£
£
£
£
17,000
0
17,000
0
17,000
0
17,000
0
17,000
643,813 (494,813)
149,000
0
149,000
0
149,000
0
149,000
0
0
0
0
0
0
0
0
0
20,090
0
20,090
0
20,090
0
20,090
0
20,090
30,000
60,000
30,000
90,000
0
90,000
50,356
0
50,356
Election Reserve
Established to meet costs associated
with district council elections, to smooth
the impact between financial years.
0
30,000
30,000
Land Charges
This reserve has been set up to enable
the repayment of Personal searches
following a change in legislation.
50,356
0
50,356
LSVT Reserve
To meet the cost of successful warranty
claims not covered by bonds and
insurance following the housing stock
transfer.
435,000
0
435,000
0
435,000
0
435,000
0
435,000
Regeneration Projects
Earmarked from previous underspends
for regeneration projects.
27,316
0
27,316
0
27,316
0
27,316
0
27,316
70,835
0
70,835
0
70,835
0
70,835
0
70,835
0
0
0
0
0
0
0
0
0
247,051
0
247,051
0
247,051
0
247,051
0
247,051
50,356
Housing and Planning Delivery Grant (HPDG):
HPDG - Revenue
Carry forward of any unspent HPDG for
use on related revenue/capital projects.
HPDG - Capital
Housing
Previously earmarked for stock condition
survey and housing needs assessment.
Appendix C
Reserves Statement - 2012/13 Base Budget
Reserve
Purpose and Use of
Reserve
Concessionary Fares
To underwrite the potential increased
costs resulting from ongoing claims by
the bus operators.
Benefits
To be used to mitigate any claw back by
the Department of Works and Pensions
following final subsidy determination.
Balance at
1/4/2012
Budgeted
2012/13
Movement
Balance at
1/4/2013
Budgeted
2013/14
Movement
Balance at
1/4/2014
Budgeted
2014/15
Movement
Balance at
1/4/2015
Budgeted
2015/16
Movement
Balance at
1/4/2016
£
£
£
£
£
£
£
£
£
0
0
0
0
0
0
0
0
0
640,242
0
640,242
0
640,242
0
640,242
0
640,242
Investment income : European
Investment Bank (EIB) Premium
The Council disposed of its EIB bonds for
a gain in 2011/12. This reserve is
required for accounting purposes to
transfer the part of the gain that relates to
2012/13.
84,494
(84,494)
0
0
0
0
0
0
0
Restructuring Proposals
To be used for restructuring costs
including one-off redundancy and
pension strain costs. Amount to be used
from 1 April 2011 to be allocated against
savings proposals as business cases are
approved.
198,749
0
198,749
0
198,749
0
198,749
0
198,749
Arts and Community Projects
To fund arts and community projects.
13,867
0
13,867
13,867
0
13,867
Carbon Management
To fund revenue invest to save initiatives.
15,880
0
15,880
0
15,880
0
15,880
0
15,880
Whistle blowing
Commissioning investigation activity.
10,000
0
10,000
0
10,000
0
10,000
0
10,000
Legal & Democratic Services
One off funding for Compulsory Purchase
Order (CPO) work and to undertake a
review of the Constitution.
46,599
0
46,599
0
46,599
0
46,599
0
46,599
The pier
To be used to support the cost of works
to Cromer pier.
15,000
0
15,000
0
15,000
0
15,000
0
15,000
Total Reserves
6,190,426 1,043,176 7,233,602
13,867
1,029,293 8,262,895
840,016 9,102,911
1,185,953 10,288,864