Reserves and provisions Appendix 4

The main categories of reserves and provisions are:

Repairs and Renewals	Comprise service specific reserves, of which the largest relates to the business continuity project
Slippage Reserves	The mechanism for providing funding for capital or revenue projects which will occur in future years
Schools balances	Held by individual schools, can be general reserves of earmarked to specific projects
Insurance Funds	Provide cover for insurable risks where commercial cover is either not cost effective or unavailable
Earmarked Reserves	A range of service specific and corporate reserves including Organisational Development/Spend to Save
Non-insurable Risks	A single pooled reserve to cover identified risks for which insurance cover is not available

Planned balances over the next four years are:

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011
	£m	£m	£m	£m	£m
Repairs & Renewals	1.6	0.5	0.4	0.3	0.2
Slippage Reserves	4.0	2.6	1.8	1.1	0.3
Schools Balances	2.0	2.1	2.1	2.2	2.3
Insurance Funds	7.5	7.5	7.5	7.5	7.5
Earmarked reserves	12.0	7.3	2.0	1.7	1.6
Non-insurable risks	3.7	3.7	3.7	3.7	3.7
	30.8	23.6	17.5	16.5	15.7