EXECUTIVE  - 19 March 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	1,500	12,171		
Highways On Street Parking	2,687	-915	1,772		
North Oxford Park and Ride	1,211	-144	1,067		
Financial Mgt Information System	311	-245	66		
IT Equipment	734	-379	355		
Vehicle Renewals	674	-294	380		
Museum Donations	130	-14	116		
Miscellaneous Education	322	245	567		
Miscellaneous Fire	80	46	126		
Committee Carry Forward	3,213	-7,396	-4,183		
Capital Reserve	4,086	-34	4,052		
CFM	86	14	100		
Other	166	-11	155		
City Schools Review Capital Reserve	3,357	-3,357	0		
					
Total Reserves	27,728	-10,984	16,744		
					
Balances					
County Fund Balance	3,508	-460	3,048		
					
Total Balances	3,508	-460	3,048		
					
Grand Total	38,381	-11,444	26,937