Budget consultation 2017-2018
We have agreed our Resources Plan. The report Resources Plan 2017-2018 (PDF: 529Kb \ 24 pages) sets out the background against which the 2017-2018 budget will be prepared. It also incorporates the latest summary Medium Term Financial Plan (PDF: 115Kb \ 2 pages) and considers the budgetary challenges facing us.
The proposed revenue and capital budgets were agreed by the Executive on 24 January 2017. The proposed budgets are based on the existing detailed base budgets, as adjusted for proposed savings and areas of new expenditure (known as growth). The budgets also consider the level of Council Tax increase and how much of our balances (known as reserves) will be needed to support the proposed level of expenditure. The draft budgets have been consulted upon. View the Consultation. This involved asking key stakeholders, such as parish councils, for their views. In addition, our scrutiny function played a key role in critically reviewing the budget. A Residents' Summary was available: this included details on how to respond. Residents' Summary (PDF: 183Kb \ 3 pages).
Proposed Revenue Budget
Please follow the link to view the proposed revenue budget report: Proposed Revenue Budget 2017-2018 (PDF: 648Kb / 35 pages).
The detail is set out below:
|Service||Actual Spend 2015-2016
|Original Estimate 2016-2017
|Revised Estimate 2016-2017
|Leader Portfolio (PDF: 169Kb/ 8 pages)||145,666||78,970||104,240||104,670|
|Resources Portfolio (PDF: 631Kb / 27 pages)||2,034,725||2,479,094||2,324,140||2,354,940|
|Services Portfolio (PDF: 290Kb / 19 pages)||2,371,237||3,205,610||2,943,200||2,705,500|
|Economic Development Portfolio (PDF: 174Kb / 9 pages)||868,860||958,300||947,800||911,850|
|Housing and Health Portfolio (PDF: 246Kb / 15 pages)||1,675,878||1,244,250||1,319,180||1,101,260|
|Communities Portfolio (PDF: 86Kb / 5 pages)||1,169,288||1,131,710||1,217,610||927,860|
|Portfolios' Net Requirement||8,265,654||9,097,934||8,856,170||8,106,080|
|Less: Central Contingency||0||-184,399||-215,735||-160,206|
|Less: Adjustment for Notional Capital Charges||-1,075,918||-547,850||-653,750||-662,630|
|Revenue Contribution to Capital||115,555||61,000||68,000||171,000|
|Net Interest (Receivable)||-112,868||-217,040||-243,680||-189,120|
|New Homes Bonus Grant||-716,751||0||0||0|
|Second Homes Grant||-200,235||-206,222||-210,100||-216,420|
|Contribution to/from Business Rates Reduction Scheme Reserves||0||0||843,000||0|
|Less: Revenue Support Grant||-1,323,302||-707,937||-707,937||-323,918|
|Less: Rural Services Delivery Grant||0||-673,456||-673,456||-543,784|
|Less: Transition Grant||0||-18,285||-18,285||-18,208|
|Less: Business Rates Retention Scheme Base Income||-2,774,725||-2,111,000||-2,349,000||-1,987,000|
|Less: Business Rates Retention Scheme Collection Fund Surplus/Deficit||0||821,000||821,000||1,086,000|
|Less: Business Rates Retention Scheme Pool||-79,541||-238,000||-102,000||-170,000|
|Less: New Homes Bonus Grant||0||-987,116||-987,116||-944,250|
|Less: Council Tax Base Income||-3,710,973||-3,719,305||-3,719,305||-3,831,252|
|Less: Collection Fund Surplus/Deficit||0||-52,000||-52,000||-86,000|
|Use of/(Contribution to (-)) Balances||-1,380,490||531,809||870,209||440,315|
Proposed Capital Budget
Please follow the link to view the proposed capital budget report: Proposed Capital Budget 2016-2021(PDF: 123Kb / 14 pages).
All consultation responses were considered by the Executive on 24 January 2017.
The budget recommended by the Executive was considered and approved by all councillors at the Council meeting on 16 February 2017: Approval of Revenue and Capital Budgets 2017-2018 (PDF: 557Kb / 21 pages).
At its meeting on 23 February 2017, our Accounts and Governance Committee set the total Council Tax that we will collect. This is merely the aggregation of the Council Tax set by ourselves on 16 February 2017 and that notified to us by the County Council, the Police and Crime Commissioner and the Parish Councils: see report Setting of Combined Council Tax (PDF: 622Kb / 13 pages).
Comments and Queries on the Budgets
If you have any comments or queries on the budgets themselves, or the budget process, we would like to hear from you.