Summary of Earmarked Reserve Balances

Actual

Original

Revised

Budget

Budget

Budget

01/04/07

31/03/08

31/03/08

31/03/09

31/03/10

31/03/11

£'000

£'000

£'000

£'000

£'000

£'000

38,039

Schools

32,576

38,200

41,368

41,368

41,368

Designated Underspendings:

Services

2,000

Adult Services

-

820

-

-

-

1,490

Children's Services

-

-

-

-

755

Environment

-

980

-

-

-

125

Policy and Resources

-

630

-

-

-

-

Recreation and Heritage

-

-

-

-

-

Capital Reserves

1,432

General capital reserve

-

1,450

6,984

6,984

6,984

261

Invest to Save and Modernisation Reserve

186

711

2,571

4,431

7,866

Trading Units

1,170

Former Direct Service Organisations

327

611

749

937

1,125

1,709

Services to schools

30

980

403

403

403

1,079

Supplies

906

1,017

1,124

1,231

1,338

389

Printing

472

498

619

740

861

-

IT Services

100

-1,873

-1,061

-80

1,314

7

Arts marketing

19

18

18

33

31

9

Hampshire Wardrobe

-

-

-10

-15

-19

378

River Hamble

406

435

478

521

564

123

Caretaking and Cleaning

109

138

138

138

138

Others

6,015

Insurance

3,235

5,231

5,231

5,231

5,231

224

Segensworth unit factories

243

239

259

279

299

44

Historic publications

46

44

44

44

44

170

Hillier Gardens

170

170

170

170

170

1,226

Second homes income

936

1,206

1,195

1,184

1,184

64

Pay and benefits project

-

-

-

-

-

150

Part time pensions

150

150

150

150

18,490

Job evaluation transitional costs

16,966

30,635

31,126

32,826

34,626

24,950

Grant equalization

26,150

26,150

24,905

22,415

18,680

2,835

Landfill allowances

-

3,958

3,958

10,710

16,119

6,065

Public Service Agreement Reward grant

-

1,298

50

50

50

139

Change for children

193

193

247

301

355

269

School catering support

71

269

269

269

269

109,607

Total Earmarked Reserves

83,141

114,158

120,985

130,320

139,150

Note:

The level of school reserves is dependent upon decisions made by each school governing body. The budget

assumes that contributions from schools towards capital schemes reflected in the County Council's

capital payments forecast will be met from reserves, but makes the neutral assumption that schools

revenue spending in 2007/08 and 2008/09 will match their delegated budgets for the year. £3.848m of school

reserves are temporarily employed in funding Education capital expenditure through the school balances loan

scheme, but it is anticipated that the loans will be fully repaid by the end of 2008/09.

A17