Appendix C
Reserves Statement - 2011/12 Revised Budget
Reserve
Purpose and Use of Reserve
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 four years.
Balance at
01/04/11
Revised
Budget
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
£
£
£
£
£
£
£
£
£
1,328,019
500,928 1,828,947
(200,000) 1,628,947
(200,000) 1,428,947
(100,000) 1,328,947
Earmarked Reserves:
New Homes
Bonus
Capital Projects
Organisational
Development
Coast Protection
Pathfinder
Asset
Management*
Established for supporting communities
as regards future growth and
development.
To provide funding for capital
developments and purchase of major
assets. This includes the VAT Shelter
Receipt.
To provide funding for organisation
development to create capacity within the
organisation and address anomalies
within the pay structure.
To support the ongoing coast protection
maintenance programme.
To help Coastal Communities adapt to
coastal changes.
To support improvements to our existing
assets as identified through the Asset
Management Plan.
0
1,501,644
0
0
(61,129) 1,440,515
595,700
595,700
5,000 1,445,515
0
595,700
5,000 1,450,515
0
595,700
0 1,450,515
180,000
0
180,000
0
180,000
0
180,000
0
180,000
41,426
(41,426)
0
0
0
0
0
0
0
622,294
(622,294)
0
0
0
0
0
0
0
71,290
(60,338)
10,952
(10,952)
0
0
0
0
0
Sheringham
Splash
Earmarked for repairs and renewals for
the Splash facility, from repair budget
under spends in the year.
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.
22,432
(7,200)
15,232
0
15,232
0
15,232
0
15,232
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
(10,000)
17,000
0
17,000
0
17,000
0
17,000
Appendix C
Reserves Statement - 2011/12 Revised Budget
Reserve
Local Strategic
Partnership
Purpose and Use of Reserve
To ring fence underspends on the LSP for
future liabilities and service delivery.
Balance at
01/04/11
Revised
Budget
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
£
£
£
£
£
£
£
£
£
643,813
0
643,813
0
643,813
0
643,813
0
643,813
82,500
(82,500)
0
0
0
0
0
0
0
30,090
(10,000)
20,090
0
20,090
0
20,090
0
20,090
80,000
(80,000)
0
30,000
30,000
30,000
60,000
30,000
90,000
50,356
0
50,356
0
50,356
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
Regeneration
Projects
Earmarked from previous underspends
for regeneration projects.
96,794
(69,478)
27,316
0
27,316
0
27,316
0
27,316
403,822
(332,987)
70,835
0
70,835
0
70,835
0
70,835
13,173
(13,173)
0
0
0
0
0
0
0
Environmental
Health
Environmental
Policy
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.
Established to meet costs associated with
Election Reserve district council elections, to smooth the
impact between financial years.
Land Charges
50,356
50,356
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.
308,623
(61,572)
247,051
0
247,051
0
247,051
0
247,051
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
Appendix C
Reserves Statement - 2011/12 Revised Budget
Reserve
Purpose and Use of Reserve
Balance at
01/04/11
Revised
Budget
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
£
£
£
£
£
£
£
£
£
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
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.
340,032
(12,759)
327,273
0
327,273
0
327,273
0
327,273
13,867
0
13,867
0
13,867
Arts and
Community
Projects
13,867
13,867
Carbon
Management
To fund revenue invest to save initiatives.
35,880
(20,000)
15,880
0
15,880
0
15,880
0
15,880
Whistle blowing
Commissioning investigation activity.
10,000
0
10,000
0
10,000
0
10,000
0
10,000
Legal &
Democratic
Services
One off funding for Compulsory Purchase
Order (CPO) work and to undertake a
review of the Constitution.
46,599
0
46,599
0
46,599
0
46,599
0
46,599
15,000
0
15,000
0
15,000
15,000
15,000
419,748 6,475,716
(165,000) 6,310,716
(70,000) 6,240,716
The pier
Total Reserves
7,536,050
(1,480,082) 6,055,968