Reserves Statement 2013/14 Outturn
Reserve
Purpose and Use of Reserve
Appendix C
Balance
2013/14
2014/15
Balance at
at
Outturn
Budgeted
1/4/2014
Movement
31/3/2013 Movement
£
General Fund General Reserve
A working balance and contingency, current recommended
balance is £1.75 million.
£
1,745,452
£
0
Earmarked Reserves:
£
1,745,452
Balance
2015/16
2016/17
2017/18
Balance
Balance
Balance
at
Forecast
Forecast
Forecast
01/04/16
01/04/17
01/04/18
Movement
Movement
01/04/15 Movement
£
£
£
£
£
£
£
(249,232) 1,496,220
0 1,496,220
0 1,496,220
0 1,496,220
(363,562) 1,517,718
0 1,517,718
0 1,517,718
0 1,517,718
0
Capital Projects
To provide funding for capital developments and purchase of
major assets. This includes the VAT Shelter Receipt.
2,063,225
(181,945)
1,881,280
Asset Management
To support improvements to our existing assets as identified
through the Asset Management Plan.
64,718
(17,291)
47,427
(10,983)
36,444
0
36,444
0
36,444
0
36,444
Benefits
To be used to mitigate any claw back by the Department of
Works and Pensions following final subsidy determination.
Timing of the use will depend on audited subsidy claims.
671,792
50,000
721,792
(50,000)
671,792
0
671,792
0
671,792
0
671,792
Big Society Fund
To support projects that communities identify where they will
make a difference to the economic and social wellbeing of the
area. Funded by a proportion of NCC element of second
homes council tax.
542,065
427,862
969,927
(368,283)
601,644
0
601,644
0
601,644
0
601,644
Building Control
Building Control surplus
0
45,688
45,688
0
45,688
0
45,688
0
45,688
0
45,688
Business Rates
To be used to mitigate the impact of final claims and appeals
in relation to business rates retention scheme.
0
327,329
327,329
0
327,329
0
327,329
0
327,329
0
327,329
Carbon
Management
To fund revenue invest to save initiatives and projects within
the Carbon Management Plan.
21,180
(21,180)
0
0
0
0
0
0
0
0
0
Coast Protection
To support the ongoing coast protection maintenance
programme and carry forward funding between financial
years.
60,000
183,167
243,167
(243,167)
0
0
0
0
0
0
0
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.
36,270
40,749
77,019
(49,569)
27,450
0
27,450
0
27,450
0
27,450
Reserves Statement 2013/14 Outturn
Reserve
Purpose and Use of Reserve
Appendix C
Balance
2013/14
2014/15
Balance at
at
Outturn
Budgeted
1/4/2014
Movement
31/3/2013 Movement
£
£
£
£
Balance
2015/16
2016/17
2017/18
Balance
Balance
Balance
at
Forecast
Forecast
Forecast
01/04/16
01/04/17
01/04/18
Movement
Movement
01/04/15 Movement
£
£
£
£
£
£
£
Economic
Development and
Tourism
Earmarked from previous underspends within Economic
Development and Tourism Budgets along with funding
earmarked for Learning for Everyone.
32,248
(19,000)
13,248
0
13,248
0
13,248
0
13,248
0
13,248
Election Reserve
Established to meet costs associated with district council
elections, to smooth the impact between financial years.
30,000
45,060
75,060
14,940
90,000
(60,000)
30,000
30,000
60,000
30,000
90,000
Enforcement Works
Established to meet costs associated with district council
enforcement works including buildings at risk .
0
146,967
146,967
(60,000)
86,967
0
86,967
0
86,967
0
86,967
Environmental
Health
Earmarking of previous underspends and additional income
to meet Environmental Health initiatives.
33,200
33,367
66,567
(53,367)
13,200
0
13,200
0
13,200
0
13,200
Environmental
Policy
Earmarking of a previous underspend to meet future costs of
environmental policy initiatives.
0
0
0
0
0
0
0
0
0
0
0
Grants
Revenue Grants received and due to timing issues not used
in the year.
47,963
189,764
237,727
(237,727)
0
0
0
0
0
0
0
Housing
Previously earmarked for stock condition survey and housing
needs assessment.
242,000
(142,000)
100,000
0
100,000
0
100,000
0
100,000
0
100,000
Treasury (Property) Property Investment (Treasury), to smooth the impact on the
revenue account of interest fluctuations.
Reserve
66,068
0
66,068
0
66,068
0
66,068
0
66,068
0
66,068
Land Charges
To mitigate the impact of potential income reductions.
50,356
(10,457)
39,899
0
39,899
0
39,899
0
39,899
0
39,899
Legal
One off funding for Compulsory Purchase Order (CPO) work
and East Law Surplus.
47,555
1,045
48,600
(48,600)
0
0
0
0
0
0
0
Local Strategic
Partnership
Earmarked underspends on the LSP for outstanding
commitments and liabilities.
82,677
(30,949)
51,728
0
51,728
0
51,728
0
51,728
0
51,728
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
0
435,000
New Homes Bonus
Established for supporting communities with future growth
and development.
611,678
675,207
1,286,885
186,459 1,473,344
251,510 1,724,854
328,716 2,053,570
329,792 2,383,362
Reserves Statement 2013/14 Outturn
Reserve
Purpose and Use of Reserve
Appendix C
Balance
2013/14
2014/15
Balance at
at
Outturn
Budgeted
1/4/2014
Movement
31/3/2013 Movement
£
£
£
£
Balance
2015/16
2016/17
2017/18
Balance
Balance
Balance
at
Forecast
Forecast
Forecast
01/04/16
01/04/17
01/04/18
Movement
Movement
01/04/15 Movement
£
£
£
£
£
£
£
Organisational
Development
To provide funding for organisation development to create
capacity within the organisation and address anomalies
within the pay structure.
69,997
37,698
107,695
(100,547)
7,148
0
7,148
0
7,148
0
7,148
Partnership Budgets
This reflects the balance of funding on the Revenues and
Benefits Partnership project. This will be utilised in 2013/14.
35,000
(35,000)
0
0
0
0
0
0
0
0
0
Pathfinder
To help Coastal Communities adapt to coastal changes.
265,825
(26,050)
239,775
(121,328)
118,447
(18,126)
100,321
(18,126)
82,195
(44,108)
38,087
Planning - Revenue
Additional Planning income earmarked for Planning initiatives
including Plan Review.
134,954
165,596
300,550
(152,839)
147,711
(4,000)
143,711
0
143,711
0
143,711
Regeneration
Projects
Carry forward of underspends relating to Regeneration
Projects.
37,837
0
37,837
0
37,837
0
37,837
0
37,837
0
37,837
Restructuring &
Invest to Save
Proposals
To fund one-off redundancy and pension strain costs and
invest to save initiatives. Transfers from this reserve will be
allocated against business cases as they are approved.
Timing of the use of this reserve will depend on when
business cases are approved.
694,074
229,225
923,299
(171,200)
752,099
(38,000)
714,099
0
714,099
0
714,099
24,820
5,452
30,272
0
30,272
0
30,272
0
30,272
0
30,272
Sports Hall
To support renewals for sports hall equipment. Amount
Equipment & Sports transferred in the year represents over or under achievement
of income target.
Facilities
The pier
To be used to support the costs of works to Cromer pier.
15,000
(15,000)
0
0
0
0
0
0
0
0
0
Whistle blowing
Commissioning investigation activity as required.
10,000
(10,000)
0
0
0
0
0
0
0
0
0
Total Reserves
8,170,954
2,095,304 10,266,258 (2,079,005) 8,187,253
131,384 8,318,637
340,590 8,659,227
315,684 8,974,911