Notes to the Statement of Total Movements in Reserves

1. Fixed asset restatement reserve

	£000	£000
Balance at 31 March 2003		265,067
Expenditure not increasing valuation of assets	(12,042)
Disposal of fixed assets	(3,114)
Increase in valuation of assets	36,889
Balance at 31 March 2004		286,800

2. Capital financing reserve

	£000	£000
Balance at 31 March 2003		123,613
Capital financing:
- usable receipts	2,264
- revenue & reserves	1,280
Excess Depreciation over Minimum Revenue Provision	(2,368)
Impairment losses on fixed assets	0
Depreciation on grant aided services(release of grant)	495
Write off from Government Grants Deferred	6,548
Principal repayment under deferred purchase	150
Less: Principal repayments of transferred debt	(2,553)
Balance at 31 March 2004		129,429

3. Usable capital receipts reserve

	£000
Balance at 31 March 2003	535
Capital receipts received	5,598
less: Capital receipts used to finance capital expenditure	(2,264)
Balance at 31 March 2004	3,869

4. Movements in capital reserve during the year

	£000
Balance at 31 March 2003	142
Transfers from revenue	-
Balance at 31 March 2004	142

5. General County Fund

The balance of the fund as at 31 March 2004, £27.599m, contains the following earmarked sums:

	£000
Delegated Funding for Schools	15,751
Other Education establishments with devolved budgets	496
Carry forward of underspendings across other services	3,868
Carry forward of resources for funding of Capital	137
Earmarked Reserves at 31 March 2004	20,252

Thus, the uncommitted balance is restricted to £7.347m.

6. Movements in other revenue reserves during the year

	Balance at 31 March 2003 £000	Appropriations From Revenue £000	Appropriations To Revenue / Capital £000	Balance at 31 March 2004 £000
Insurance	1,958	1,871	(73)	3,756
Renewals of vehicles and equipment	3,151	429	(557)	3,023
DLO / BLN	35	0	(35)	0
Contingent Liabilities	337	3	(288)	52
Industrial properties	725	99	0	824
Central Maintenance Fund	1,399	0	(372)	1,027
Job Evaluation	0	450	0	450
Shire Grants	-	822	-	822
Other	343	70	(60)	353
TOTAL	7,948	3,744	(1,385)	10,307

The net movement on revenue reserves does not equal the amount shown as ‘transfers to / from revenue reserves’ in the consolidated revenue account due to the method of accounting for self-insurance and the financing of capital expenditure.

7. Pension Reserve actuarial gain

The actuarial gain can be further analysed as follows:

	£000	%
Actual return less expected return on pension scheme assets	76,630	15.0%
Experience loss on pension liabilities	(2,180)	0.3%
Changes in assumptions underlying the present value of pension liabilities	0	0.0%
	74,450