Appendix E - Summary Cash Backed Reserves March 2024 and Projected March 2025
Perth and Kinross Council · 26 February 2025
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Appendix E Summary of Council Cash Backed Reserves • 31 March 2024 • Projected 31 March 2025 The audited 2023/24 Annual Accounts, that were presented to the Audit and Risk Committee on 2 December 2024 (Report No. 24/340 refers), provides an overview of the Reserves position as at 31 March 2024 which is summarised in the table below. A projection of balances to be held 31 March 2025 is also shown. Summary of Council Cash Backed Reserves 2024/25 (Projected) £’000 2023/24 (Audited) £’000 General Fund 61,403 83,794 Housing Revenue Account 900 2,260 Capital Fund 37,993 31,026 Insurance Fund 100 1,709 Capital Receipts Reserve 1,120 2,102 Capital Grants Unapplied 87 87 101,603 120,978 The above summary excludes the • Revaluation Reserve • Capital Adjustments Account • Financial Instruments Adjustment Account • Pensions Reserve • Employee Statutory Adjustment Account These Reserves reflect proper accounting practice, but are not resource-backed and are, therefore, of limited relevance in determining the Council’s Reserves and budget strategies.