Appendix H - Summary earmarked reserves 31.3.25
Perth and Kinross Council · 26 February 2025
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Appendix H Summary of Earmarked Reserves at 31 March 2025 Service Concession Scheme - £13.262 million These resources are earmarked to be phased over a number of years to contribute to the funding of the Revenue Budget. Revenue Grants - £9.505 million These grants are being carried forward in Reserves in accordance with proper accounting practice as the grant conditions have been met but the relevant expenditure has not yet been fully incurred. It is possible that further grants will be received in advance of the financial year end, which will augment the projected earmarked Reserve. Developer Contributions: Commuted Sums & Infrastructure and Affordable Housing - £6.642 million The Environment, Infrastructure and Economic Development Committee approved supplementary guidance on 20 September 2023 for developer contributions. Developer Contributions are held in the Council’s earmarked Reserves until they are applied to relevant schemes. It is projected that approximately £983,000 of unapplied resources in relation to affordable housing will be held by the Council at 31 March 2025. Additionally, it is proposed to earmark accumulated balances of £3.439 million for the provision of education infrastructure and £855,000 for transport infrastructure. Contributions are also provided by developers towards the cost of maintaining areas of ground. These contributions are used to fund relevant expenditure over a ten-year period. It is projected that approximately £1.365 million of unapplied resources for tree planting, play areas, community allotments and sports grounds will be held by the Council at 31 March 2025. Transformation and Workforce Management - £4.855 million The Council has resources earmarked to enable the Transformation & Change Strategy and workforce management in future years. Affordable Housing (Resources accrued from reduced Council Tax Discounts) - £4.201 million It is anticipated that by the end of the current financial year, there will be a balance of approximately £4.201 million in earmarked Reserves which has been generated because of the Council’s policy of varying the level of Council Tax charged for long
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term empty properties and second homes. There are projected commitments against this reserve of £200,000 in 2025/26. Car Parking - £992,000 The Car Parking balance at 31 March 2025 is projected to be reduced from the start of the year due to the level of investment. This surplus is restricted in its application under the Road Traffic Regulation Act 1984. Anti-Poverty Measures - £985,000 The Council approved the creation of a COVID-19 Reserve on 27 January 2021 (Report 21/8 refers) to assist with addressing the ongoing impact of Covid-19 in future years. This has now been redirected towards Anti-Poverty measures. Non-Recurring Revenue Budget Proposals - £671,000 from 2024/25 The 2025/26 Provisional Revenue Budget includes non-recurring expenditure proposals of £671,000 which are funded by the Council’s earmarked reserves and have been approved during the year at the Finance & Resources Committee. Non-Recurring Revenue Budget Proposals - £379,000 from 2023/24 The 2025/26 Provisional Revenue Budget includes non-recurring expenditure proposals of £379,000 which are funded by the Council’s earmarked reserves and have been approved during 2023/24 at the Finance & Resources Committee. Culture - £296,000 There is £296,000 remaining from previous earmarked resources for future cultural initiatives across the Council. School Estate - £262,000 These resources include amounts previously approved by the Council for the primary and secondary school estate including maintenance works and resources for new schools. Devolved School Management (DSM) - £200,000 The earmarked amount shown above is an estimate of the accumulated sum available to be carried forward at 31 March 2025 under the approved scheme for managing these budgets. The purposes for which the earmarked amount can be used and the procedures for its management and control are detailed in the Council’s approved DSM scheme Works Maintenance - £200,000 It is proposed that the Council continues to earmark the balance of £200,000 for future works maintenance which remains from the £1.25 million approved as part of the 2018/19 – 2020/21 Revenue Budget.
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Property Maintenance - £112,000 Revenue Budget Report 2021/22 No 3 to the Strategic Policy & Resources Committee on 24 November 2021 approved the earmarking of resources of £250,000 in respect of property maintenance to be utilised in future years. This was increased by a further £55,000 in 2021/22. There is £112,000 remaining from these resources. Local Government Elections - £106,000 These resources are earmarked in reserves as a contribution to local elections. School Counsellors - £102,000 Revenue Budget 2020/21 Update No 2 to the Strategic Policy & Resources Committee on 25 November 2020 (Report No. 20/225 refers) approved the earmarking of resources received from the Scottish Government in respect of counselling in schools which were not anticipated to be spent in 2020/21 due to school closure during the lockdown period. These resources will be applied in 2025/26 following the awarding of a three-year contract. Climate Change - £95,000 Resources are earmarked for climate change activities across the Council. Salix Fund - £79,000 Salix Finance Ltd is a Government owned non-departmental public body which provides interest free loan funding for energy efficiency works. The loan is re-paid to the fund over a number of years and re-invested in future energy efficiency works. It is projected that the balance on the Fund at 31 March 2025 will be approximately £79,000 and this amount is shown as being earmarked within General Fund Reserves. Community Investment Fund - £67,000 It is proposed that the Council continues to earmark the remaining balance of £67,000 of the Community Investment. Child abuse - £50,000 These resources are earmarked for any future additional costs incurred in preparing for public hearings in respect of investigations into Child Abuse arising from residential care claims. Local Action Partnerships - £46,000 The amount shown is earmarked for Local Action Partnerships and is the balance of resources which were approved in 2017/18 Revenue Monitoring Report 3 by the Strategic Policy & Resources Committee (Report No.18/41 refers). These resources are approved for payment to groups via application to one of the seven local action partnerships.
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Financial Assistance - £40,000 There is a recurring annual contribution from reserves to fund any future Mods and other events across Perth and Kinross. Modern Apprentices / Graduate Trainees - £27,000 The projected balance remaining at 31 March 2025 is £27,000 which remains from previous funding for modern apprentices and graduate trainees.