In accordance with council resolutions in relation to each reserve account, the purpose for which the reserves are set aside are as follows:
| Reserve name | Anticipated date of use | Purpose of the reserve |
|---|---|---|
| Long Service Leave | ongoing | To be used to fund Long Service Leave Requirements |
| Mortlock Lodge | ongoing | To be used for maintenance and improvements to the Mortlock Retirements Units |
| Plant Replacement | ongoing | To be used for the future replacement of plant |
| Staff Housing | ongoing | To be used for the maintenance, upgrading and construction of new housing for Council employees or public rental housing |
| Aged Care Reserve | ongoing | To be utilised to provide of the needs of the aged. |
| Vehicle Reserve | ongoing | To be used for the purchase of motor vehicles and utilities if at a future date Council ceases to lease the same |
| Sewerage Reserve | ongoing | To be used to maintain and upgrade the sewerage scheme in the Goomalling Town site |
| Community Bus Reserve | ongoing | To be used to purchase a new Community Bus when the time arises |
| Lcdc Reserve | ongoing | To be used to fund Landcare Activities |
| S/Pool Revitalisation Reserve | 30/06/2018 | To be used to fund Revitalisation of the Swimming Pool |
| Emergency Fund Reserve | ongoing | To be used to fund any catastrophic emergency event with the Shire of Goomalling |
| S&R Co-Ordinator Al & Lsl Rese | ongoing | To be used to fund the S&R Coordinators annual and long service leave |