EXECUTIVE  - 22 January 2002				ANNEX 2	
					
MONTHLY MONITORING REPORT - 					
2001/02 BUDGET DETAILS OF PROVISIONS RESERVES AND BALANCES					
					
The Classification and level of funds given in the table are in accordance with the latest Code of Accounting Practice which defines the type and nature of provisions reserves and balances:					
					
Provision - An amount of money put aside in the accounts for anticipated liabilities.					
Reserves - amounts of money set aside to meet certain categories of expenditure in order to aviod fluctuations in the charge to the County Fund.					
					
Balances - the accumulated surplus of income over expenditure.					

	Balance at	Movement 	Balance at		
	1-Apr-2001	During 2001/02	31-Mar-2002		
					
	£'000	£'000	£'000		
					
Provisions					
Insurances	6,345		6,345		
Bad Debts	790		790		
Other	10		10		
					
Total Provisions	7,145	0	7,145		
					
Reserves					
Schools Reserves	10,671	3,329	14,000		
Highways On Street Parking	2,687	-1,392	1,295		
North Oxford Park and Ride	1,211	-50	1,161		
Financial Mgt Information System	311	-11	300		
IT Equipment	734	-285	449		
Vehicle Renewals	674	75	749		
Museum Donations	130	-27	103		
Miscellaneous Education	322	18	340		
Miscellaneous Fire	80	71	151		
Committee Carry Forward	3,213	-6,244	-3,031		
Capital Reserve	4,086	663	4,749		
CFM	86	14	100		
Other	166	16	182		
City Schools Review Capital Reserve	3,357	-3,357	0		
					
Total Reserves	27,728	-7,180	20,548		
					
Balances					
County Fund Balance	3,508	-470	3,038		
					
Total Balances	3,508	-470	3,038		
					
Grand Total	38,381	-7,650	30,731