Item 13 Appendix 5

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WEST DUNBARTONSHIRE COUNCIL APPENDIX 5
RECONCILIATION OF GENERAL FUND RESERVES
Unearmarked Balance Earmarked Balance (further detail at Appendix 6)
£(m) £(m) £(m) £(m)
Balance on General Fund as at 31 March 2024 (draft) 13.939 Earmarked as at 31 March 2024 9.115
Capital Grants and Receipts unapplied (0.212)
Other Reserves (0.194) In Year Movements:
Closing General Fund Balance 13.533 Budgeted use of Reserves (9.343)
Less Earmarked Balances (9.115) Allocation to service reserve balances 0.658
Unearmarked Balance as at 31 March 2024 (draft) 4.418 Allocation to pension smoothing reserve 10.489
Strategy to rebuild reserves 3.040
In Year Movements: Total In Year Movements 4.844
Available Resources:
Pension Contribution Saving 10.489 Service use of reserves at as at 31 October 2024 (1.020)
Service Concession 3.259 Use of smoothing fund for 2024/25 (0.207)
Release from Suspense 0.860 In Year use of reserves (1.227)
Additional Pension Saving 1.051 Earmarked as at 31 March 2025 12.732
CTAX freeze RSG 1.129
Allocation of DHP - RSG 24/25 2.265
Service Reserve Transfer to/from EMR:
Allocation to Community Success Revenue Fund (0.250)
Allocation to Youth Success Revenue Fund (0.100)
Additional Cost of Living (0.105)
Service balances carry forward (0.237)
Release of Reserves 0.034
Strategic Reserve transfer to/from EMR:
Allocation to pension smoothing reserve (10.489)
Strategy to rebuild reserves (3.040)
Approved use to balance budget - service
concession (3.259)
Total In Year Movements 1.607
Forecast Service Outturn for 2024/25 as at 31
October 2024 (2.122)
Forecast unallocated Balance as at 31 March 2025 3.903
Prudential Target (3%) 5.400
Forecast unallocated Balance Above/(Below)
Prudential Target (1.497)