Appendix C
Reserves Statement - 2011/12 Outturn Variances
Reserve
(Note: Transfers from reserves are
shown in brackets)
2011/12
Revised
Budget
Outturn
2011/12
Variance
£
£
£
Explanation of Variance
500,928
617,952
117,024
Includes the earmarking of a number
of 'one-off' underspends for which not
appropriate to set up separate
reserve.
(61,129)
317,825
378,954
VAT shelter receipts not full utilised
on capital financing in the year.
0
(13,867)
(13,867)
Transfer to meet expenditure.
(60,338)
(44,621)
15,717
(270,384)
(270,384)
0
Carbon Management
(20,000)
(14,700)
5,300
Coast Protection
(41,426)
166,574
208,000
Common Training
(10,000)
5,000
15,000
(150,000)
(150,000)
0
General Fund - General Reserve
Earmarked Reserves:
Capital Projects
Arts and Community Projects
Asset Management
Benefits
Concessionary Fares
Economic Development and
Tourism
(69,478)
(41,722)
27,756
Election Reserve
(80,000)
(78,500)
1,500
Environmental Health
Environmental Policy
Housing
(82,500)
(10,000)
(61,572)
(82,500)
(10,000)
(66,623)
0
0
(5,051)
Investment Income : EIB Bond
Sale
Local Strategic Partnership
Organisational Development
Planning - Revenue
Revenue projects due to be delivered
in 11-12 have slipped to 12-13.
Underspend in the year.
Earmarked for staff training.
Cromer Crab Factory redundancy
assistance and the residual costs
relating to the 2012/13 Tourism
Guide.
Budget for absent vote refresh in
11/12 - statutory reqirement, but not
completed by year end.
Additional spend in 2012/13.
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.
116,068
116,068
0
28,145
28,145
172,488
314,488
142,000
196,036
196,036
Revenues and Benefits project grant.
(218,294)
(13,173)
404,000
0
Underspend in the year.
Partnership Budgets
Pathfinder
Planning - Capital
Funding towards asset Management
system slipped to 2012/13.
(622,294)
(13,173)
(332,987)
(292,987)
40,000
Balance of LSP money not utilsed in
year.
Pay and grading costs not yet
incurred.
Budgeted spend delayed until
2012/13. This includes work on Tree
Preservation Orders and the
Community Infrastructure Levy.
Appendix C
Reserves Statement - 2011/12 Outturn Variances
Reserve
(Note: Transfers from reserves are
shown in brackets)
Regeneration Projects
2011/12
Revised
Budget
Outturn
2011/12
Variance
£
£
£
Explanation of Variance
0
37,837
37,837
Restructuring & Invest to Save
Proposals
(12,759)
(113,416)
(100,657)
Sheringham Splash
(75,770)
(75,770)
0
(7,200)
907
8,107
Sub Total Earmarked Reserves
(1,808,522)
(303,677)
1,504,845
Total Reserves
(1,307,594)
314,275
1,621,869
Sports Hall Equipment
Income share due to EEDA for
Carfield and Fakenham Industrial
Units no longer payable but to be
retained for similar projects.
Use of reserve on actual
restructurings in year.
Outturn based on actual income
targets for facilities.