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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
£
Estimates
2017-2018
£
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
Renewals Fund 211,106 204,410 204,410 200,280
Revenue Contribution to Capital 115,555 61,000 68,000 171,000
Debt Charges 21,508 10,075 9,993 9,743
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
Net Expenditure 6,508,051 8,217,908 8,658308 7,258,727
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
Total Spend -7,888,541 -7,686,099 -7,788,099 -6,818,412
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).

Final Budget

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.