Appendix D
Reserves Statement - 2011/12 Outturn
Reserve
Purpose and Use of Reserve
Balance at
01/04/11
£
General Fund General Reserve
A working balance and contingency, current recommended
balance is £950,000. This also includes the rellocation of a
number of previously earmarked reserves to be used over
the next three years.
Balance at
Outturn 2011/12
1/4/2012
£
£
Updated
Budgeted
2012/13
Movement
Balance at
1/4/2013
£
£
Budgeted
Budgeted
Balance at
2013/14
2014/15
1/4/2014
Movement
Movement
£
£
£
Balance at
1/4/2015
Budgeted
2015/16
Movement
Balance at
1/4/2016
£
£
£
1,328,638
617,952 1,946,590
(301,524) 1,645,066 (200,000) 1,445,066 (100,000)
1,345,066
0
1,345,066
Capital Projects
To provide funding for capital developments and purchase of
1,501,644
major assets. This includes the VAT Shelter Receipt.
317,825 1,819,469
(503,261) 1,316,208
1,329,548
0
1,329,548
Arts & Community
Projects
To fund arts and community projects.
13,867
(13,867)
0
0
0
0
0
0
Asset Management
To support improvements to our existing assets as identified
through the Asset Management Plan.
71,290
(44,621)
26,669
(15,717)
10,952
0
10,952
0
10,952
0
10,952
Benefits
To be used to mitigate any claw back by the Department of
Works and Pensions following final subsidy determination.
910,626
(270,384)
640,242
0
640,242
0
640,242
0
640,242
0
640,242
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
0
0
381,625
381,625
674,275 1,055,900
674,275
1,730,175
674,275
2,404,450
Carbon
Management
To fund revenue invest to save initiatives and projects within
the Carbon Management Plan.
35,880
(14,700)
21,180
(5,300)
15,880
0
15,880
0
15,880
0
15,880
Coast Protection
To support the ongoing coast protection maintenance
programme.
41,426
166,574
208,000
(208,000)
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.
27,000
5,000
32,000
(15,000)
17,000
0
17,000
0
17,000
0
17,000
Concessionary
Fares
To underwrite the potential increased costs resulting from
ongoing claims by the bus operators.
150,000
(150,000)
0
0
0
0
0
0
0
0
0
Earmarked Reserves:
13,340 1,329,548
0
0
Appendix D
Reserves Statement - 2011/12 Outturn
Reserve
Purpose and Use of Reserve
Balance at
01/04/11
£
Balance at
Outturn 2011/12
1/4/2012
£
£
Updated
Budgeted
2012/13
Movement
Balance at
1/4/2013
£
£
Budgeted
Budgeted
Balance at
2013/14
2014/15
1/4/2014
Movement
Movement
£
£
£
Balance at
1/4/2015
Budgeted
2015/16
Movement
Balance at
1/4/2016
£
£
£
Economic
Development and
Tourism
Earmarked from previous underspends on Economic
Development and Tourism Budgets along with funding
earmarked for Learning for Everyone.
96,794
(41,722)
55,072
(26,233)
28,839
0
28,839
0
28,839
0
28,839
Election Reserve
Established to meet costs associated with district council
elections, to smooth the impact between financial years.
80,000
(78,500)
1,500
28,500
30,000
30,000
60,000
30,000
90,000
0
90,000
Environmental
Health
Earmarking of underspends for future liabilities associated
with expansion of the waste service.
82,500
(82,500)
0
0
0
0
0
0
0
0
0
Environmental
Policy
Earmarking of a previous underspend to meet future costs of
environmental policy initiatives.
30,090
(10,000)
20,090
0
20,090
0
20,090
0
20,090
0
20,090
Housing
Previously earmarked for stock condition survey and housing
needs assessment.
308,623
(66,623)
242,000
0
242,000
0
242,000
0
242,000
0
242,000
0
116,068
116,068
(116,068)
0
0
0
50,356
0
50,356
0
50,356
50,356
50,356
0
50,356
46,599
0
46,599
0
46,599
0
46,599
0
46,599
0
46,599
Investment Income:
The council disposed of its EIB bonds for a gain in 2011/12.
European
This reserve is required for accounting purposes to transfer
Investment bank
the part of the gain that relates to 2012/13.
(EIB) Premium
Land Charges
To Mitigate the impact of potential income reductions.
Legal & Democratic One off funding for Compulsory Purchase Order (CPO) work
and to undertake a review of the Constitution.
Services
0
Local Strategic
Partnership
Earmarked underspends on the LSP for outstanding
commitments and liabilities.
643,813
28,145
671,958
(522,958)
149,000
0
149,000
0
149,000
0
149,000
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
0
0
611,678
611,678
611,678 1,223,356
611,678
1,835,034
611,678
2,446,712
Appendix D
Reserves Statement - 2011/12 Outturn
Reserve
Purpose and Use of Reserve
Balance at
01/04/11
£
Organisational
Development
To provide funding for organisation development to create
capacity within the organisation and address anomalies
within the pay structure.
Balance at
Outturn 2011/12
1/4/2012
£
£
Updated
Budgeted
2012/13
Movement
Balance at
1/4/2013
£
£
Budgeted
Budgeted
Balance at
2013/14
2014/15
1/4/2014
Movement
Movement
£
£
£
0
Budgeted
2015/16
Movement
Balance at
1/4/2016
£
£
£
180,000
314,488
494,488
(142,000)
352,488
0
196,036
196,036
(196,036)
0
622,294
(218,294)
404,000
(281,107)
122,893
(38,371)
84,522
(19,020)
65,502
(65,502)
0
13,173
(13,173)
0
0
0
0
0
0
0
0
0
403,822
(292,987)
110,835
(40,000)
70,835
0
70,835
0
70,835
0
70,835
0
37,837
37,837
(37,837)
0
340,032
(113,416)
226,616
96,810
323,426
0
323,426
0
323,426
0
323,426
75,770
(75,770)
0
0
0
0
0
0
0
0
0
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
22,432
907
23,339
0
23,339
0
23,339
0
23,339
0
23,339
The pier
To be used to support the costs of works to Cromer pier.
15,000
0
15,000
0
15,000
15,000
0
15,000
Whistle blowing
Commissioning investigation activity as required.
10,000
0
10,000
0
10,000
10,000
0
10,000
352,488
0
Balance at
1/4/2015
352,488
0
352,488
This reflects the balance of Funding as at 31/03/12 on the
Partnership Budgets Revenues and Benefits Partnership project. This will be
0
0
0
utilised in 2012/13
Pathfinder
To help Coastal Communities adapt to coastal changes.
Planning - Capital
Previously unspent Hpusing and Planning Delivery Grant
(HPDG) for use on related capital projects.
Planning - Revenue
Previously unspent HPDG for use on related revenue
projects.
Regeneration
Projects
Carry forward of underspends relating to
Regeneration Projects.
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 savings proposals as business cases are
approved.
Sheringham Splash
Earmarked for repairs and renewals for the Splash facility,
from repair budget under spends in the year.
Total Reserves
7,536,669
314,275 7,850,944
0
0
15,000
0
10,000
0
(1,292,428) 6,558,516 1,090,922 7,649,438 1,196,933
0
8,846,371 1,220,451 10,066,822