Appendix F - Summary Cash Backed Reserves 31.3.23 and Projected 31.3.24
Perth and Kinross Council · 28 February 2024
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Appendix F Summary of Council Cash Backed Reserves 31 March 2023 and projected 31 March 2024 The 2022/23 Annual Accounts which were presented to the Audit Committee on 11 December 2023 (Report No. 23/237 refers), give an overview of the Reserves position as at 31 March 2023 which is summarised in the table below. A projection of balances to be held 31 March 2024 is also shown. Summary of Council Reserves as at 31 March 2023 and March 2024 2023/24 (Projected) £’000 2022/23 (Audited) £’000 General Fund 47,042 69,723 Housing Revenue Account 2,200 2,647 Capital Fund 31,486 26,343 Insurance Fund 713 1,306 Capital Receipts Reserve 616 2.245 Capital Grants Unapplied 87 87 82,144 102,351 The above summary excludes the • Revaluation Reserve; • Capital Adjustments Account; • Financial Instruments Adjustment Account; • Pensions Reserve, and • 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.
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