2011/2012 audited annual accounts - Falkirk Council

1. Analysis of General Fund Balance
FALKIRK COUNCIL
NOTES TO THE CORE FINANCIAL STATEMENTS
Devolved
Schools
Economic
Development
58
Central
Energy
Efficiency
Fund
New
Schools
Project
General Housing
Total
(1)
(1)
(2)
(3)
(4)
(5)
£’000 £’000 £’000 £’000 £’000 £’000 £’000
Balance at beginning of year (11,330) (6,392) (7,390) (915) (339) (10,350) (36,716)
(Surplus)/Deficit for the year 4,482 - - - - - 4,482
Appropriation to General Fund (15,608) - 3,608 - - 12,000 -
Appropriation from General Fund 6,899 (1,320) (3,608) (290) (31) (1,650) -
Balance at end of year (15,557) (7,712) (7,390) (1,205) (370) - (32,234)
(1) The deficit of £4.482m includes a payment of £12m for the New Schools Project. Having regard to the Council’s approved strategy on the level and use of reserves, £3.4m of General Fund Reserve
have been deployed in the year 2012/13. Housing Reserves of £2.6m have been deployed in 2012/13 with a further £3.3m earmarked in 2013/14.
(2) Carry forward of unutilised budgets delegated to Headteachers under the Devolved Schools Management System.
(3) Funds arising from the strategic development of business parks.
(4) Funds to develop energy efficient initiatives in Council buildings.
(5) Funds to pay a capital injection to the new schools project built up as a consequence of savings in principal repayments which were funded from the Capital Fund. This was originally
budgeted in Service expenditure.
2. Exceptional Items
Exceptional Items of £3.000m have been included in the Comprehensive Income and Expenditure Statement. The details of which are:-
(i) The Council was granted consent to borrow £1.0m for equal pay claims, in 2011/12. In addition, the Council contributed a further £2.000m to the existing provision for equal pay claims. A further
£1.784m was incurred in respect of equal pay claims and this was charged against the provision.