Earmarked Reserves

Earmarked Reserves

Money in savings that one intends to use only for a certain, stated purpose. Earmarked reserves are common in both personal savings and in corporate finance. For example, an individual may earmark reserves for his/her honeymoon and a company may do the same to pay off bonds when they mature.
Mentioned in ?
References in periodicals archive ?
2m should be taken from earmarked reserves in order to keep the council tax increase to effectively under 2%, but the other two political groups blocked a vote on the matter.
6m from its earmarked reserves this year to pay for highways, adult social care, services for children with disabilities and staffing.
This liquidity detection can inter alia be guided by equity evidence, by proof of earmarked reserves, letters of comfort through hard / guarantee statements of third parties or by performance guarantees from banks.
Capital reserves are already being tapped to repair the highways, the Housing Revenue Account is being used to fund Splott hub, and officers have put forward a proposal to borrow from earmarked reserves in order to pay for voluntary severance payouts.
The report states: "Monies that would have been previously set aside to go into earmarked reserves for future significant repair costs are no longer anticipated.
The actual position on earmarked reserves as at March 31,02 is as follows:
The council has pounds 175,000 in the earmarked reserves for the Civic Hall and councillors have agreed to begin work on the roofing, air conditioning and new seats.
9m worth of earmarked reserves, which it must keep to underpin capital projects, and PS14m or 'unearmarked' reserves which it keeps for times of crisis - like flooding.
The key figure really is the one for general reserves, because earmarked reserves are already effectively committed to be spent.
A: Grants from bodies such as the Welsh Assembly Government for major projects in the future; money from council taxpayers; creditors; proceeds from the sale of council assets and earmarked reserves.
Thai will pay the penalty from the its earmarked reserves against disputes, in seven instalments over three years.
But among the savings agreed was a temporary freeze in the post of assistant chief executive (saving pounds 60,000), additional recruitment freeze (pounds 120,000), saving pounds 100,000 extra on agency staff, further energy efficiency measures (pounds 70,000), extra pounds 40,000 income target from council fees and charges and using pounds 147,000 from earmarked reserves.