Save time, do it online: Pay Apply Report

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
£
Estimates
2018-2019
£
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
Debt Charges 21,108 9,743 9,740 9,500
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
Net Expenditure 7,504,682 7,595,425 7,968,142 8,144,306
Parish Precepts 760,386 916,685 916,685 0
Total 8,265,068 8,512,110 8,884,827 8,144,306
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
Total Spend 8,692,968 7,748,946 8,206,880 7,376,226
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).

Final Budget

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.