Scottish Local Government Finance Statistics 2023-24

Section 4.1 Reserves. This text has been updated following the discovery of an error in Table K. New text now reads: At 31 March 2024, local authorities’ had earmarked **83.9 per cent, or £2,426** million of the £2,890 million General Fund reserves[1]. These figures exclude amounts relating to unrealised gains that are included in revenue reserves in statutory Annual Accounts applying IFRS 9: Financial Instruments. Councils may hold an additional unearmarked amount to mitigate financial risk. This amount equated to **£464** million as at 31 March 2024, or **1.8%** of Gross Service Expenditure (£25,225 million).