Meeting documents

Annex 5 - Use and Reconciliation of General Fund Balances 2005/06 - 2006/07

Type

£k

Used in 2005/06

Earmarked

Movement

Notes

Reported opening general fund balances 2005/06 as in the final accounts

8,243

2005/06 uses (earmarking)

Risk Mgt & Invest to Save not yet spent

Use

-259

-145

-114

-

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

-

-47

-

No charges made in 05/06 to date

Other misc. previously earmarked uses (net)

Use

-15

21

-36

-

Expenses towards the set up of the new Tourism company in 03/04. (approved by Council Feb 2003)

Use

-31

-27

-4

-

Additional Planning costs (approved by Council July 2004)

Use

-98

-

-98

-

SEER Project - to be repaid

-

-81

81

-

Costs & Rate refunds

Use

-444

18

-358

104

2005/06 rebates can be contributed to balances

Lambridge funding reserve (04/05 & 05/06)

Use

-350

-350

-

-

Licensing (Council Jan 2005)

Use

-80

-

-

80

Recommend removal

RSG 03/04 repaid in 05/06

-259

-259

-

-

As per 05/06 budget

Local Plan and single status project costs

-279

-279

-

-

As per 05/06 budget

Final accounts approvals

-

-

-

-

Earmarked for training services closure

Use

-300

-226

-74

-

Recommend set aside remaining earmarked balances against calls on reserves - single member decision

Earmarked for loss grant in 06/07 due to census

Use

-250

-

-250

-

Recommend set aside remaining earmarked balances against calls on reserves

Earmarked for non capitalisation legal fees

Use

-235

-

-235

-

Recommend set aside remaining earmarked balances against calls on reserves

Balances to be used in funding 05/06 budget (net)

Addition

333

333

-

-

Use of Balances in 05/06 budget £333k contribution from current budget to balances

Other transfers and refunds from review of earmarked reserves

-

66

-66

-

Review of balance sheet small balances

Agreed by Council in 2005/06

-

-

-

-

Uses approved by Council since March 2006

-290

-290

-

-

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)

-400

-400

-

-

Sub total

-1,620

-1,201

184

Total earmarked

-2,820

Net balances anticipated end 05/06

Balance

5,239

5,423

Last reported

5,207

Difference in base due to

-32

Final accounts adjustment from auditors & post outturn report movements

2006/07 budget will increase balances by

400

Anticipated level as budget set at 1/4/2006

5,823

Risk Assessed prudent level required is

7,000