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 was set. It includes an updated Medium Term Financial Plan (PDF: 204Kb / 2 pages). This covers the period 2018-2022 and considered the budgetary challenges facing us.
Read our Resources Plan (PDF: 411Kb / 23 pages).
Executive agreed the proposed revenue and capital budgets on 23 January 2018, based on existing detailed base budgets, with adjustments made for proposed savings and areas of new expenditure, known as growth. The budgets consider the level of Council Tax and how much of our balances we need to support the level of expenditure. Consultation took place on the draft budgets. This involved asking key stakeholders, such as parish councils, for their views.
Read our Residents' Summary (PDF: 165Kb / 2 pages). Our scrutiny function played a key role in critically reviewing the budgets.
Proposed Revenue Budget
The detail is set out below:
|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
Executive considered all consultation responses at its meeting on 23 January 2018.
See our reports: Approval of Revenue and Capital Budgets 2018-2019 (PDF: 232Kb / 21 pages) and Budget Report (PDF: 191Kb / 5 pages). Council, on 15 February 2018, approved the budget recommended by Executive.
On 22 February 2018, our Accounts and Governance Committee set the total Council Tax that we collect. This is 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.
Comments and Queries on the Budgets
If you have any comments or queries on the budgets we would like to hear from you.