Appendix C
Reserves Statement - 2011/12 Base Bud
udget
Reserve
Purpose and Use of Reserve
Balance at
1/4/2010
Revised
Budgeted
2010/11
Movement
Projected
Balance at
1/4/2011
Budgeted
2011/12
Movement
Balance at
1/4/2012
Budgeted
2012/13
Movement
Balance at
1/4/2013
£
£
£
£
£
Budgeted
Budgeted
Balance at
Balance at
2013/14
2014/15
1/4/2014
1/4/2015
Movement
Movement
(UPDATED)
£
A working balance and contingency,
current recommended balance is
General Fund £950,000. This also includes the
General
rellocation of a number of previously
Reserve
earmarked reserves to be used over the
next four years.
£
£
£
£
£
1,057,260
(76,368)
980,892
485,000 1,465,892
(200,000) 1,265,892
(200,000) 1,065,892
(100,000)
1,124,164
(88,255) 1,035,909
0 1,035,909
5,000 1,040,909
5,000 1,045,909
90,000
(90,000)
0
0
0
0
0
0
0
0
0
106,828
(106,828)
0
0
0
0
0
0
0
0
0
474,194
(457,966)
16,228
(16,228)
0
0
0
0
0
0
97,374
(47,907)
49,467
(15,093)
34,374
(34,374)
0
0
0
0
0
965,892
Earmarked Reserves:
To provide funding for capital
developments and purchase of major
Capital Projects
assets. This includes the VAT Shelter
Receipt.
Organisational
Development
To provide funding for organisation
development to create capacity within the
organisation and address anomalies
within the pay structure.
Coast Protection
To support the ongoing coast protection
maintenance programme.
Pathfinder
Asset
Management*
To help Coastal Communities adapt to
coastal changes.
To support improvements to our existing
assets as identified through the Asset
Management Plan.
7,500 1,053,409
Sheringham
Splash
Earmarked for repairs and renewals for
the Splash facility, from repair budget
under spends in the year.
75,770
0
75,770
(75,770)
0
0
0
0
0
0
0
Sports Hall
Equipment
To support renewals for sports hall
equipment. Amount transferred in the
year represents over or under
achievement of income target.
19,271
(4,000)
15,271
0
15,271
0
15,271
0
15,271
0
15,271
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.
21,000
(21,000)
0
0
0
0
0
0
0
0
0
Appendix C
Reserves Statement - 2011/12 Base Bud
udget
Reserve
Purpose and Use of Reserve
Balance at
1/4/2010
Revised
Budgeted
2010/11
Movement
Projected
Balance at
1/4/2011
Budgeted
2011/12
Movement
Balance at
1/4/2012
Budgeted
2012/13
Movement
Balance at
1/4/2013
£
£
£
£
£
Budgeted
Budgeted
Balance at
Balance at
2013/14
2014/15
1/4/2014
1/4/2015
Movement
Movement
(UPDATED)
£
Local Strategic
Partnership
Environmental
Health
Environmental
Policy
To ring fence underspends on the LSP
for future liabilities and service delivery.
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.
£
£
£
£
£
12,168
(12,168)
0
0
0
0
0
0
0
0
0
162,000
(79,500)
82,500
(82,500)
0
0
0
0
0
0
0
39,000
(29,000)
10,000
(10,000)
0
0
0
0
0
0
0
40,000
40,000
80,000
(80,000)
0
30,000
30,000
30,000
60,000
30,000
90,000
44,000
(44,000)
0
0
0
0
0
0
0
0
0
435,000
0
435,000
0
435,000
0
435,000
0
435,000
0
435,000
80,105
(80,105)
0
0
0
0
0
0
0
0
0
587,570
(254,583)
332,987
(332,987)
0
0
0
0
0
0
0
36,072
(19,390)
16,682
(16,682)
0
0
0
0
0
0
0
61,572
0
61,572
(61,572)
0
0
0
0
0
0
0
150,000
(39,334)
110,666
(110,666)
0
0
0
0
0
0
0
Established to meet costs associated
Election Reserve with district council elections, to smooth
the impact between financial years.
Local
Development
Framework
LSVT Reserve
Earmarked to fund the examination and
associated costs for the LDF process.
To meet the cost of successful warranty
claims not covered by bonds and
insurance following the housing stock
transfer.
Earmarked from previous underspends
for regeneration projects.
Regeneration
Projects
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.
Concessionary
Fares
To underwrite the potential increased
costs resulting from ongoing claims by
the bus operators.
Appendix C
Reserves Statement - 2011/12 Base Bud
udget
Reserve
Purpose and Use of Reserve
Balance at
1/4/2010
Revised
Budgeted
2010/11
Movement
Projected
Balance at
1/4/2011
Budgeted
2011/12
Movement
Balance at
1/4/2012
Budgeted
2012/13
Movement
Balance at
1/4/2013
£
£
£
£
£
Budgeted
Budgeted
Balance at
Balance at
2013/14
2014/15
1/4/2014
1/4/2015
Movement
Movement
(UPDATED)
£
£
£
£
£
£
Benefits
To be used to mitigate any claw back by
the Department of Works and Pensions
following final subsidy determination.
766,265
(295,881)
470,384
(270,384)
200,000
0
200,000
0
200,000
0
200,000
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.
479,243
(155,400)
323,843
137,021
460,864
0
460,864
0
460,864
0
460,864
Carbon
Management
To fund revenue invest to save initiatives.
40,000
(40,000)
0
0
0
0
0
0
0
0
0
10,000
0
10,000
0
10,000
0
10,000
0
10,000
0
10,000
49,000
(49,000)
0
0
0
0
0
0
0
0
0
Whistle blowing Commissioning investigation activity.
Legal &
Democratic
Services
Total Reserves
One off funding for Compulsory Purchase
Order (CPO) work and to undertake a
review of the Constitution.
6,057,857
(1,950,685) 4,107,172
(449,861) 3,657,311
(199,374) 3,457,937
(165,000) 3,292,937
(62,500) 3,230,437