Notes to Financial Statements 12. Reserves as at 30 June 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s 12.1 Reserve funds - Council wide Emergency Events Reserve Purpose: Council’s Emergency Events Reserve, which is part of Council’s risk management strategy, exists to - protect Council's infrastructural assets; - make a provision for restoration of Council's roading network in the event of extraordinary flood damage; - provide for the restoration of Council's Wairau floodplain river protection assets; Activities to which it relates: Infrastructural Assets including the roading network and rivers. Opening balance 9,925 9,739 8,034 5,853 3,312 810 (541) (1,484) (1,192) (88) Transfer to reserve 2,951 1,477 1,279 955 983 1,485 2,030 2,802 3,734 4,460 Transfer from reserve (1,583) (1,873) (2,061) (2,114) (2,179) (2,287) (2,410) (2,511) (2,630) (2,744) Capex transfer from reserve (1,554) (1,309) (1,399) (1,383) (1,306) (549) (563) - - - Closing balance 9,739 8,034 5,853 3,312 810 (541) (1,484) (1,192) (88) 1,628 Capex transfers are for upgrading of buildings and other structures with seismic issues Forestry and Land Development Reserve Purpose: Receives revenue from Marlborough Regional Forestry and from the sale of non-activity assets for funding any projects approved by Council. Activities to which it relates: Any Activity approved by Council. Opening balance 13,138 18,558 12,565 13,022 10,999 10,205 9,864 9,529 9,298 9,070 Transfer to reserve 19,360 2,862 4,321 -- -- - - - Transfer from reserve (3,153) (1,077) (902) (687) (531) (24) (18) (11) (8) (5) Capex transfer from reserve (10,786) (7,778) (2,963) (1,336) (264) (317) (317) (220) (220) (220) Closing balance 18,558 12,565 13,022 10,999 10,205 9,864 9,529 9,298 9,070 8,845 Infrastructure Upgrade Reserve Purpose: To be used for essential infrastructure; to assist funding of new assets (up to a maximum of 50%), and to assist the funding of significant capital upgrades which will increase the targeted level of service supplied to the community. Activities to which it relates: Infrastructure such as Water and Sewerage etc, and other Activities as determined by Council from time to time. Opening balance 5,682 7,300 8,585 9,736 10,858 12,144 13,755 15,698 17,686 20,065 Transfer to reserve 4,287 4,522 5,041 5,527 5,929 6,484 7,134 7,348 7,754 8,056 Transferfrom reserve (2,670) (3,237) (3,890) (4,405) (4,643) (4,873) (5,190) (5,360) (5,375) (5,383) Closing balance 7,300 8,585 9,736 10,858 12,144 13,755 15,698 17,686 20,065 22,738 Land Subdivision Reserve Purpose: To provide for Development Contributions and their utilisation in accordance with the provisions of the Local Government Act 2002. Activities to which it relates: Community Facilities including Reserves, Halls, Swimming Pools. Opening balance 3,231 2,791 2,189 1,573 768 846 671 442 359 439 Transfer to reserve 1,240 1,278 1,316 1,355 1,396 1,438 1,481 1,526 1,571 1,618 Capex transfer from reserve (1,680) (1,880) (1,932) (2,160) (1,319) (1,612) (1,701 ) (1 ,609) (1,49)1 (1,569) Closing balance 2,791 2,189 1,573 768 846 671 442 359 439 489 2018-2028 Long Term Plan Page 256