Budget consultation 2018-2019
Our budget process started with consideration of the Resources Plan by full Council on 7 September 2017. This set out the context within which the budget will be set. It included an updated Medium Term Financial Plan (PDF: 204Kb / 2 pages). This covers the period 2017-2021 and considers the budgetary challenges facing us. See our Resources Plan (PDF: 411Kb / 23 pages).
The proposed revenue and capital budgets were agreed by the Executive on 23 January 2018. The proposed budgets are based on the existing detailed base budgets. These are adjusted for proposed savings and areas of new expenditure, known as growth. They consider the level of Council Tax and how much of our balances we need to support the proposed level of expenditure. The draft budgets have been consulted on. This involved asking key stakeholders, such as parish councils, for their views. Our scrutiny function played a key role in critically reviewing the budgets. A Residents' Summary was available. This included details on how to respond. Read our Residents' Summary (PDF: 165Kb / 2 pages).
Proposed Revenue Budget
Please follow the link to view the report: Proposed Revenue Budget 2018-2019 (PDF: 554Kb / 37 pages).
The detail is set out below:
|Service||Actual Spend 2016-2017
|Original Estimate 2017-2018
|Revised Estimate 2017-2018
|Leader Portfolio (PDF: 177Kb/ 11 pages)||122,471||106,320||146,850||153,410|
|Resources Portfolio (PDF: 464Kb / 25 pages)||1,602,538||2,414,610||2,221,220||2,296,529|
|Services Portfolio (PDF: 261Kb / 17 pages)||2,312,442||2,398,807||2,569,930||2,319,450|
|Commercial Services Portfolio (PDF: 169Kb / 8 pages)||646,539||803,220||863,880||883,570|
|Eden Development Portfolio (PDF: 74Kb / 5 pages)||687,925||619,520||341,660||511,450|
|Housing and Health Portfolio (PDF: 241Kb / 15 pages)||1,150,970||1,101,260||1,248,040||1,059,270|
|Communities Portfolio (PDF: 61Kb / 5 pages)||1,050,102||999,781||1,076,831||1,021,430|
|Portfolios' Net Requirement||7,572,987||8,443,518||8,468,411||8,245,109|
|Less: Central Contingency||0||-160,206||-217,809||-86,273|
|Less: Adjustment for Notional Capital Charges||-717,806||-662,630||-587,580||-343,580|
|Direct Revenue Funding General Renewals Fund||184,082||175,280||202,150||176,100|
|Direct Revenue Funding IT Renewals Fund||25,000||25,000||25,000||125,000|
|Revenue Contribution to Capital||64,728||171,000||521,000||167,000|
|Net Interest (Receivable)||-278,317||-189,860||-235,630||-229,240|
|Second Homes Grant||-210,000||-216,420||-217,140||-219,310|
|Contribution to Parish Councils' Reserve||0||0||0||300,000|
|Contribution to/from Business Rates Reduction Scheme Reserves||843,000||0||0||0|
|Less: Revenue Support Grant||-707,937||-323,918||-323,918||-87,296|
|Less: Rural Services Delivery Grant||-673,456||-543,784||-543,784||-677,638|
|Less: Transition Grant||-18,285||-18,208||-18,208||0|
|Less: Business Rates Retention Scheme||-1,635,003||-1,987,000||-2,483,000||-2,291,000|
|Less: Collection Fund Surplus/Deficit||0||-1,086,000||-1,211,000||-492,000|
|Less: Business Rates Retention Scheme Pool||-135,840||-170,000||-204,000||-280,000|
|Less: Release of Volatility Reserve||0||0||-52,934||0|
|Less: New Homes Bonus Grant||-990,756||-951,490||-951,490||-615,546|
|Less: Council Tax Requirement||-4,531,691||-4,754,546||-4,754,546||-3,884,746|
|Less: Council Tax Collection Fund Surplus/Deficit||0||-86,000||-86,000||-32,000|
|Use of/(Contribution to (-)) Balances||-427,900||763,164||677,947||768,080|
Proposed Capital Budget
Please follow the link to view the proposed capital budget report: Proposed Capital Budget 2017-2022 (PDF: 315Kb / 16 pages).
All consultation responses were considered by the Executive on 23 January 2018.
The budget recommended by the Executive was considered and approved at the Council meeting on 15 February 2017. See our reports: Approval of Revenue and Capital Budgets 2018-2019 (PDF: 326Kb / 21 pages) and Budget Report (PDF: 191Kb/5 pages).
On 22 February 2018, our Accounts and Governance Committee will set the total Council Tax that we collect. This will be the aggregation of the Council Tax set by ourselves and that notified to us by:
- the County Council;
- the Police and Crime Commissioner; and
- the Parish Councils.
See our report: Setting of Combined Council Tax (PDF: 674Kb / 12 pages).
Comments and Queries on the Budgets
If you have any comments or queries on the budgets we would like to hear from you.