Appendix C
Reserves Statement - 2012/13 Outturn
Reserve
Purpose and Use of Reserve
General Fund General Reserve
A working balance and contingency, current recommended
balance is £1.6 million. This also includes the rellocation of a
number of previously earmarked reserves to be used over the
next three years,and from 2014/15 part of the previous
balance within the New Homes Bonus reserve. *
Balance at
1/4/2012
Outturn
2012/13
Balance
at
31/3/2013
£
£
£
Updated
Budgeted
2013/14
Movement
£
Updated
Budgeted
Balance
Balance at
2014/15
at
1/4/2015
Movement
1/4/2014
£
£
£
Budgeted
Budgeted
Balance at
Balance at
2015/16
Movement
1/4/2016
1/4/2017
Movement
2016/17
£
£
£
£
2,049,920
(304,468) 1,745,452
285,416 2,030,868
400,548
2,431,416
(200,000)
2,231,416
0
2,231,416
243,756 2,063,225
(586,180) 1,477,045
255,600
1,732,645
0
1,732,645
0
1,732,645
Earmarked Reserves:
Capital Projects
To provide funding for capital developments and purchase of
major assets. This includes the VAT Shelter Receipt.
1,819,469
Asset Management
To support improvements to our existing assets as identified
through the Asset Management Plan.
26,669
38,049
64,718
(53,049)
11,669
0
11,669
0
11,669
0
11,669
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.
640,242
31,550
671,792
(19,213)
652,579
0
652,579
0
652,579
0
652,579
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.
0
542,065
542,065
123,104
665,169
0
665,169
0
665,169
0
665,169
Carbon
Management
To fund revenue invest to save initiatives and projects within
the Carbon Management Plan.
21,180
0
21,180
(21,180)
0
0
0
0
0
0
0
Coast Protection
To support the ongoing coast protection maintenance
programme ands carryforward funding between financial
years.
208,000
(148,000)
60,000
(60,000)
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.
32,000
4,270
36,270
(3,820)
32,450
0
32,450
(5,000)
27,450
Economic
Development and
Tourism
Earmarked from previous underspends within Economic
Development and Tourism Budgets along with funding
earmarked for Learning for Everyone.
55,072
(22,824)
32,248
(25,000)
7,248
0
7,248
Election Reserve
Established to meet costs associated with district council
elections, to smooth the impact between financial years.
1,500
28,500
30,000
30,000
60,000
30,000
90,000
Environmental
Health
Earmarking of previous underspends and additional income to
meet Environmental Health initiatives.
0
33,200
33,200
(20,000)
13,200
0
13,200
(60,000)
27,450
7,248
0
7,248
30,000
30,000
60,000
13,200
13,200
Appendix C
Reserves Statement - 2012/13 Outturn
Balance at
1/4/2012
Outturn
2012/13
Balance
at
31/3/2013
£
£
£
Updated
Budgeted
2013/14
Movement
£
Updated
Budgeted
Balance
Balance at
2014/15
at
1/4/2015
Movement
1/4/2014
£
£
£
Reserve
Purpose and Use of Reserve
Environmental
Policy
Earmarking of a previous underspend to meet future costs of
environmental policy initiatives.
20,090
(20,090)
0
0
0
Unspent Grants
Revenue Grants received and due to timiing issues not used
in the year.
0
47,963
47,963
(47,963)
0
Housing
Previously earmarked for stock condition survey and housing
needs assessment.
242,000
0
242,000
(142,000)
100,000
Treasury (Property) Property Investment (Treasury), to smooth the impact on the
revenue account of interest fluctuations.
Reserve
116,068
(50,000)
66,068
0
66,068
66,068
50,356
0
0
Budgeted
Budgeted
Balance at
Balance at
2015/16
Movement
1/4/2016
1/4/2017
Movement
2016/17
£
£
0
0
0
100,000
£
0
£
0
0
0
0
0
100,000
0
100,000
66,068
0
66,068
0
50,356
0
50,356
Land Charges
To mitigate the impact of potential income reductions.
50,356
0
50,356
0
50,356
Legal
One off funding for Compulsory Purchase Order (CPO) work
and East Law Surplus.
46,599
956
47,555
(33,750)
13,805
0
13,805
0
13,805
0
13,805
Local Strategic
Partnership
Earmarked underspends on the LSP for outstanding
commitments and liabilities.
671,958
(589,281)
82,677
(25,949)
56,728
0
56,728
0
56,728
0
56,728
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.*
0
611,678
611,678
628,496 1,240,174 (639,626)
600,548
0
600,548
0
600,548
Organisational
Development
To provide funding for organisation development to create
capacity within the organisation and address anomalies within
the pay structure.
494,488
(424,491)
69,997
(69,997)
0
0
0
0
0
0
0
Partnership Budgets
This reflects the balance of funding on the Revenues and
Benefits Partnership project. This will be utilised in 2013/14.
196,036
(161,036)
35,000
(35,000)
0
0
0
0
0
0
Pathfinder
To help Coastal Communities adapt to coastal changes.
404,000
(138,175)
265,825
(128,358)
137,467
(36,813)
100,654
(28,426)
72,228
(18,126)
54,102
110,835
24,119
134,954
(116,619)
18,335
(8,000)
10,335
0
10,335
0
10,335
37,837
0
37,837
0
37,837
0
37,837
37,837
0
37,837
Previously unspent Housing and Planning Delivery Grant
Planning - Revenue (HPDG) for use on related revenue projects, timing to be
confirmed.
Regeneration
Projects
Carry forward of underspends relating to Regeneration
Projects.
Appendix C
Reserves Statement - 2012/13 Outturn
Balance at
1/4/2012
Outturn
2012/13
Balance
at
31/3/2013
£
£
£
Updated
Budgeted
2013/14
Movement
£
Updated
Budgeted
Balance
Balance at
2014/15
at
1/4/2015
Movement
1/4/2014
£
£
£
Budgeted
Budgeted
Balance at
Balance at
2015/16
Movement
1/4/2016
1/4/2017
Movement
2016/17
Reserve
Purpose and Use of Reserve
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 resrve will depend on when business
cases are approved.
468,216
33,872
502,088
(41,500)
460,588
0
460,588
0
460,588
0
460,588
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
23,339
1,481
24,820
0
24,820
0
24,820
0
24,820
0
24,820
0
0
0
0
0
£
£
£
£
The pier
To be used to support the costs of works to Cromer pier.
15,000
0
15,000
(15,000)
0
Whistle blowing
Commissioning investigation activity as required.
10,000
0
10,000
(10,000)
0
0
0
0
0
0
0
(387,562) 7,591,406
1,709
7,593,115
(293,426)
7,299,689
11,874
7,311,563
Total Reserves
* The Reserve statements allows for the recommended treatment of
the New Homes Bonus (NHB) from 2014/15 as reported to Cabinet
in May 2013.
8,195,874
(216,906) 7,978,968