Scottish local government financial statistics 2016-2017
Annual publication providing a comprehensive overview of Scottish local authority financial activity.
4. Reserves
Revenue reserves reflect an accumulation of surplus income. These are used to finance future spending on services. The surplus or deficit on the provision of service is laid out in Table 1.1. Movements into a reserve are shown in brackets and movements out are shown without brackets in the following table.
On 1 April 2016 local authorities had total revenue reserves of £1.91 billion. Over the course of the year, total reserves increased by £23 million (1.2%) to £1.93 billion on 31 March 2017. Capital reserves decreased by £46 million (-7.3%), from £627 million to £581 million.
Table 4.1 – Movements in Reserves by Account, 2016-17 (£thousands)
| (a) | (b) | (c) | (d)=(b)+(c) | (e)=(a)+(d) | |
|---|---|---|---|---|---|
| Level of Reserves held 1 April 2016 | (Surplus) or Deficit on provision of services | Movement between Revenue Reserves | (Increase) or Decrease | Level of Reserves held 31 March 2017 | |
| Revenue Reserves | |||||
| General Fund | (1,225,083) | 55,451 | (8,069) | 47,382 | (1,177,701) |
| Housing Revenue Account | (154,909) | (19,429) | 4,899 | (14,530) | (169,439) |
| Harbour Account | (269,463) | (45,537) | 2,754 | (42,783) | (312,246) |
| Renewal and Repairs | (162,528) | 0 | (8,549) | (8,549) | (171,077) |
| Insurance Fund | (85,316) | 0 | 1,468 | 1,468 | (83,848) |
| Other Statutory Funds | (13,962) | 0 | (5,763) | (5,763) | (19,725) |
| Total Revenue Reserves | (1,911,261) | (9,515) | (13,260) | (22,775) | (1,934,036) |
| Capital Reserves | |||||
| Capital Fund | (518,059) | 42,469 | 6,853 | 49,322 | (468,737) |
| Capital Receipts | (58,585) | (14,966) | 6,407 | (8,559) | (67,144) |
| Capital Grants Unapplied | (50,067) | 5,104 | 0 | 5,104 | (44,963) |
| Total Capital Reserves | (626,711) | 32,607 | 13,260 | 45,867 | (580,844) |
| Total Usable Reserves | (2,537,972) | 23,092 | 0 | 23,092 | (2,514,880) |
Source: Local Financial Returns ( LFR23)
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