Meeting documents
Cabinet
Wednesday, 7th June, 2006
Bals App7
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Appendix 7 - Use and Reconciliation of General Fund Balances 2005/06 - 2006/07 |
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|
Type |
£k |
Used in 2005/06 |
Earmarked |
Movement |
Notes |
|
|
Reported opening general fund balances 2005/06 as in the final accounts |
8,243 |
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|
2005/06 uses (earmarking) |
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|
Risk Mgt & Invest to Save not yet spent |
Use |
-259 |
-80 |
-179 |
0 |
|
|
Legal challenge costs not yet charged in 2002/03 (provision from £1.9m HRA transfer) and 03/04 Budget earmarking for further legal challenge cost in the budget |
Use |
-47 |
0 |
-47 |
0 |
No charges made in 05/06 to date |
|
Other misc. previously earmarked uses (net) |
Use |
-15 |
21 |
-36 |
0 |
|
|
Expenses towards the set up of the new Tourism company in 03/04. (approved by Council Feb 2003) |
Use |
-31 |
-31 |
0 |
0 |
|
|
Additional Planning costs (approved by Council July 2004) |
Use |
-98 |
-98 |
-0 |
0 |
|
|
SEER Project - to be repaid |
0 |
-68 |
68 |
0 |
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|
Costs & Rate refunds |
Use |
-444 |
52 |
-358 |
138 |
2005/06 rebates can be contributed to balances |
|
Lambridge funding reserve (04/05 & 05/06) |
Use |
-350 |
-350 |
0 |
0 |
|
|
RSG 03/04 repaid in 05/06 |
-259 |
-259 |
0 |
0 |
As per 05/06 budget |
|
|
Local Plan and single status project costs |
-279 |
-269 |
-10 |
0 |
As per 05/06 budget |
|
|
Final accounts approvals |
0 |
0 |
0 |
0 |
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|
Earmarked for training services closure |
Use |
-300 |
-300 |
0 |
0 |
|
|
Earmarked for loss grant in 06/07 due to census |
Use |
-250 |
-179 |
-71 |
0 |
|
|
Earmarked for non capitalisation legal fees |
Use |
-235 |
-235 |
0 |
0 |
|
|
Balances to be used in funding 05/06 budget (net) |
Addition |
333 |
333 |
0 |
0 |
Use of Balances in 05/06 budget £333k contribution from current budget to balances |
|
Agreed by Council in 2005/06 |
0 |
0 |
0 |
0 |
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|
Future of Bath (Cnl July 2005) |
Use |
-150 |
-150 |
0 |
0 |
|
|
Organisation Restructure (Cnl July 2005) |
Use |
-140 |
-20 |
-120 |
0 |
|
|
Temporary Use of Reserves to Fund Up-Front costs of Senior Management Restructure (to be repaid from savings over 5-6 years from 2007/08) |
Use |
-400 |
-131 |
-269 |
0 |
|
|
Payment of Business Growth Incentives grant |
Addition |
667 |
714 |
0 |
47 |
|
|
Proposed Outturn Position |
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|
Outturn Position after Proposed carry forwards and Provisions as detailed in report. |
Addition |
1,442 |
-521 |
921 |
Amount returned to balances after agreement of proposed carry forwards and provisions detailed in the outturn report. (includes £40k to clear Heritage balance from 2004/05 as use in 2005/06) |
|
|
Sub total |
391 |
-1,543 |
1,106 |
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|
Total earmarked |
-1,151 |
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|
Net balances anticipated end 05/06 |
Balance |
5,986 |
7,092 |
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|
2006/07 budget will increase balances by |
400 |
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|
New Non Earmarked General Fund Balances |
7,492 |
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|
Risk Assessed prudent level required is |
8,000 |
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