Appendix E
Reserves Statement - 2011/12 Base Budget
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
2013/14
Movement
Balance at
1/4/2014
Budgeted
2014/15
Movement
Balance at
1/4/2015
£
£
£
£
£
£
£
£
£
(UPDATED)
£
A working balance and contingency,
General Fund - current recommended balance is
£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
1,124,164
(88,255) 1,035,909
0 1,035,909
5,000 1,040,909
5,000 1,045,909
(100,000)
965,892
Earmarked Reserves:
To provide funding for capital
developments and purchase of major
Capital Projects
assets. This includes the VAT Shelter
Receipt.
7,500 1,053,409
Organisational
Development
To provide funding for organisation
development to create capacity within
the organisation and address anomalies
within the pay structure.
90,000
(90,000)
0
0
0
0
0
0
0
0
0
Coast Protection
To support the ongoing coast protection
maintenance programme.
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
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.
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
M:\Accountancy\Shared Information\BUDGET\2011-12\Appendices Base\Apx E Reserves Statement 2010-11 onwardsa.xls
Appendix E
Reserves Statement - 2011/12 Base Budget
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
2013/14
Movement
Balance at
1/4/2014
Budgeted
2014/15
Movement
Balance at
1/4/2015
£
£
£
£
£
£
£
£
£
(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.
M:\Accountancy\Shared Information\BUDGET\2011-12\Appendices Base\Apx E Reserves Statement 2010-11 onwardsa.xls
Appendix E
Reserves Statement - 2011/12 Base Budget
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
2013/14
Movement
Balance at
1/4/2014
Budgeted
2014/15
Movement
Balance at
1/4/2015
£
£
£
£
£
£
£
£
£
(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
74,477
398,320
0
398,320
0
398,320
0
398,320
Carbon
Management
To fund revenue invest to save
initiatives.
40,000
(40,000)
0
0
0
0
0
0
0
0
0
Whistle blowing Commissioning investigation activity.
10,000
0
10,000
0
10,000
0
10,000
0
10,000
0
10,000
Legal &
Democratic
Services
49,000
(49,000)
0
0
0
0
0
0
0
0
0
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
(512,405) 3,594,767
(199,374) 3,395,393
(165,000) 3,230,393
M:\Accountancy\Shared Information\BUDGET\2011-12\Appendices Base\Apx E Reserves Statement 2010-11 onwardsa.xls
(62,500) 3,167,893