Revenue Reserves Reinvestment Reserve (1,350) 292 0 (1,058) Growth Support Fund (150) 0 (135) (285) Capital Plan Reserve 0 0 (3,969) (3,969) Other (400) 2 (13) (411) Total General Fund (1,900) 294 (4,117) (5,723) Total HRA Major Repairs Reserve (358) 357 0 (1) Reinvestment Reserve The purpose of this reserve is to fund items that produce a payback to the Council, to fund costs that lead to appreciable service improvements, and to fund one off costs. The following transfers to/from the reinvestment reserve are detailed below: 2012/13 2013/14 £'000 £'000 £'000 £'000 (954) Balance at 1st April (1,350) 32 Added Years Costs 2 5 Redundancy Payments 40 0 Customer Services Strategy Programme 121 9 Public Conveniences Service Review Costs 10 Outsourcing Green Spaces and Engineering 0 Procurement and Legal Advice 24 Capital Allocation Implementation of Credit Card – 3 Surcharge 0 Capital Allocation Town Hall Soundproofing Victoria – 10 Room 4 Capital Allocation Office Accommodation – 129 Refurbishment 5 16 Capital Allocation Lagan Upgrade 28 – Capital Allocation Midland Trent Payroll System – 0 Upgrade 33 0 Capital Allocation Replacement Franking Machine 15 – 0 Capital Allocation FMS Upgrade 10 – 204 Total Expenditure in the Year 292 (600) Transfer from Working Balances 0 (1,350) Balance at 31st March (1,058) Note 7 Other Income & Expenditure Other income and expenditure included within the Comprehensive Income & Expenditure cost of services are Loughborough Special Expenditure, Building Control Account and Rechargeable Service Units, and details are as follows:- Loughborough Special Expenditure Loughborough Special Expenditure is the town precept comparable to parish precepts. These costs are included within specific service lines in the Comprehensive Income and Expenditure Statement. There was a debit balance of £21,103 in 2012/13. However, £63,057 was adjusted in the setting of the special expenses levy for 2014/15, leaving a credit balance of £41,954 to be adjusted for in future years. The 2013/14 debit balance of £5,174 will be adjusted in the setting of the special expenses levy for 2015/16.
Revenue Reserves Reinvestment Reserve (1,350) 292 0 (1,058) Growth Support Fund (150) 0 (135) (285) Capital Plan Reserve 0 0 (3,969) (3,969) Other (400) 2 (13) (411) Total General Fund (1,900) 294 (4,117) (5,723) Total HRA Major Repairs Reserve (358) 357 0 (1) Reinvestment Reserve The purpose of this reserve is to fund items that produce a payback to the Council, to fund costs that lead to appreciable service improvements, and to fund one off costs. The following transfers to/from the reinvestment reserve are detailed below: 2012/13 2013/14 £'000 £'000 £'000 £'000 (954) Balance at 1st April (1,350) 32 Added Years Costs 2 5 Redundancy Payments 40 0 Customer Services Strategy Programme 121 9 Public Conveniences Service Review Costs 10 0 Outsourcing Green Spaces and Engineering Procurement and Legal Advice 24 3 Capital Allocation – Implementation of Credit Card Surcharge 0 10 Capital Allocation – Town Hall Soundproofing Victoria Room 4 129 Capital Allocation – Office Accommodation Refurbishment 5 16 Capital Allocation – Lagan Upgrade 28 0 Capital Allocation – Midland Trent Payroll System Upgrade 33 0 Capital Allocation – Replacement Franking Machine 15 0 Capital Allocation – FMS Upgrade 10 204 Total Expenditure in the Year 292 (600) Transfer from Working Balances 0 (1,350) Balance at 31st March (1,058) Note 7 Other Income & Expenditure Other income and expenditure included within the Comprehensive Income & Expenditure cost of services are Loughborough Special Expenditure, Building Control Account and Rechargeable Service Units, and details are as follows:- Loughborough Special Expenditure Loughborough Special Expenditure is the town precept comparable to parish precepts. These costs are included within specific service lines in the Comprehensive Income and Expenditure Statement. There was a debit balance of £21,103 in 2012/13. However, £63,057 was adjusted in the setting of the special expenses levy for 2014/15, leaving a credit balance of £41,954 to be adjusted for in future years. The 2013/14 debit balance of £5,174 will be adjusted in the setting of the special expenses levy for 2015/16.