Statement of accounts 2006-07

Rent SmoothingA reserve set up to fund future years’ increase in rentpayable on a newly occupied building.Vehicle Recovery ServicesTo fund the fitting out costs of an additional carpound.43Notes to the Financial StatementsSystemsThe reserve contributes to the cost of developingfinancial systems.General Revenue ReserveThis reserve was established to provide cover foremergencies and contingencies. The reserve hasbeen increased to maintain its balance at 1.0% of thenet revenue budget for the following year.O Usable Capital ReservesUsable Capital ReservesUsableCapitalReceipts£’000C3i/AirwaveCapitalReserve£’000EarmarkedCapitalReserve£’000CapitalGrantReserve£’000Total£’000Balance as at 01.04.2006 (46,094) (7,629) (1,031) (16,228) (70,982)Grants applied in year 0 (20,000) (9,294) (45,168) (74,462)Proceeds of disposals (37,994) 0 0 0 (37,994)Financing of Fixed Assets 12,832 23,096 9,953 43,140 89,021Balance as at 31.03.2007 (71,256) (4,533) (372) (18,256) (94,417)Net movement for year (23,435)Usable Capital ReceiptsThe use of capital receipts is regulated by Part 1of the Local Government Act 2003 and the LocalAuthorities (Capital Finance and Accounting) (England)Regulations 2003. The receipts can only be used tofinance capital expenditure or repay debt.C3i/Airwave Capital ReserveThis reserve comprises monies assigned to thereplacement of the Authority’s Command, Control,Communications and Information System (C3iProgramme) that remain unspent at the end of thefinancial year and are required to be carried forwardto support capital expenditure on this programme ofworks in future years.Earmarked Capital ReserveThis reserve deals with funds assigned for specificareas of expenditure that remain unspent at the endof the financial year. The monies are required to becarried forward through the reserve to be reassignedto named projects in future financial years. TheEarmarked Capital Reserve presently operates for MPAestate improvements, and third party contributions toproperty refurbishment.Capital Grant ReserveAll received capital grant is credited to this accountand used as appropriate to fund capital expenditure.