Scottish local government financial statistics 2017-2018
Annual publication providing a comprehensive overview of financial activity of Scottish local authorities based on authorities audited accounts.
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 2017 local authorities had total revenue reserves of £1.95 billion. Over the course of the year, total reserves decreased by £18 million (-0.9%) to £1.93 billion on 31 March 2018. Capital reserves increased by £73 million (+13%), from £565 million to £638 million.
Table 4.1 – Movements in Reserves by Account, 2017-18
£thousands
| Level of Reserves held 1 April 2017 |
(Surplus) or Deficit on provision of services |
Movement between Revenue Reserves |
(Increase) or Decrease |
Level of Reserves held 31 March 2018 |
||
|---|---|---|---|---|---|---|
| Revenue Reserves |
General Fund |
(1,194,514) |
54,742 |
(13,527) |
41,215 |
(1,153,299) |
| Housing Revenue Account |
(169,438) |
4,228 |
(12,230) |
(8,002) |
(177,440) |
|
| Harbour Account |
(299,593) |
(20,020) |
7,877 |
(12,143) |
(311,736) |
|
| Renewal and Repairs |
(185,104) |
0 |
12,923 |
12,923 |
(172,181) |
|
| Insurance Fund |
(85,822) |
0 |
(2,103) |
(2,103) |
(87,925) |
|
| Other Statutory Funds |
(18,333) |
0 |
(13,856) |
(13,856) |
(32,189) |
|
| Total Revenue Reserves |
(1,952,804) |
38,950 |
(20,916) |
18,034 |
(1,934,770) |
|
| Capital Reserves |
Capital Fund |
(456,156) |
8,846 |
19,365 |
28,211 |
(427,945) |
| Capital Receipts |
(64,274) |
(772) |
1,551 |
779 |
(63,495) |
|
| Capital Grants Unapplied |
(44,584) |
(102,303) |
0 |
(102,303) |
(146,887) |
|
| Total Capital Reserves |
(565,014) |
(94,229) |
20,916 |
(73,313) |
(638,327) |
|
| Total Usable Reserves |
(2,517,818) |
(55,279) |
0 |
(55,279) |
(2,573,097) |
|
Source: Local Financial Returns (LFR23)
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