Archived decisions

Annex 1 - Appendix 4

Notes to summary of earmarked reserves at 31 March 2005

1 Schools reserve

    In aggregate schools incurred expenditure of £6,656,000 less than their delegated budgets increasing the reserve to £34,999,000 at the end of the year. The table below summarises the position over categories of school.

    Schools general reserve

     

    Variation in the year

    Balance at 31 March

     

    £'000

    £'000

    % of budget

    Nursery

    51

    208

    24.8

    Primary

    3,434

    20,065

    7.4

    Secondary

    2,742

    12,440

    5.0

    Special

    429

    2,286

    8.3

     

    6,656

    34,999

    6.3

    The average level of school reserves has risen as a proportion of budget from 5.4% to 6.3% during 2004/05. £4,246,000 of school reserves have been used temporarily to finance Education capital expenditure, through the School Balances loan scheme.

2 Designated underspendings

    The table below summarises the movements in the reserve balance during 2005/05:

 

Balance 1.4.04

Variations arising from

Balance 31.3.05

   

2004/05 Budget

2003/04 Final Accounts

2004/05 Revised Budget

2004/05 Final Accounts

  
 

£'000

£'000

£'000

£'000

£'000

£'000

Education

417

-417

-

-

402

402

Environment

429

-411

-18

-

8

8

Policy and Resources

141

-

-141

905

65

970

Recreation and Heritage

16

-

-16

-

-

-

Social Services

392

-

-392

-

-

-

Magistrates'Courts

21

-29

8

-

-

-

Matched Standards Fund Contribution

1,225

-

-1,225

-

1,645

1,645

Sickness/Maternity

Leave buy-back

-95

-

95

-

-247

-247

School meals buy-back

191

-

-

-

5

196

Hillier Gardens Development Fund

60

-

-

-

68

128

Pay and Benefits

-

-

-

-

270

270

Second homes income

-

-

-

-

985

985

Total

2,797

-857

-1,689

905

3,201

4,357

3 Invest to save

    The table below summarises the movements in the reserve balance during 2004/05:

 

£'000

Balance at 1 April 2004

89

Financing of additional staffing to support generation of capital receipts and business rate appeals

-265

Repayment in respect of capital receipt generation

190

Earmarking of business rate saving in 2004/05 revised budget

314

Balance at 31 March 2005

328