Home
BackYou are here: Home / About your council / Budgets and Spending / Budgets / Budgets for this year
Budgets for this year
The Council's net expenditure budget for 2008/2009 is £17.68 million. The following table shows how much we plan to spend on each of the main services we provide and a comparison with the previous year (2007/2008).
| General Fund Budget Analysis |
||||
|
2008/09 |
2008/09 |
2008/09 |
2007/08 |
|
|
Gross Expenditure (£millions) |
Gross Income (£millions) |
Net Expenditure (£millions) |
Net Expenditure (£millions) |
|
| Housing & Council Tax Benefit |
29.56 |
29.28 |
0.28 |
0.31 |
| Housing |
7.46 |
1.26 |
6.20 |
5.43 |
| Roads & Transport |
3.03 |
1.89 |
1.14 |
1.22 |
| Cultural & Related Services |
6.07 |
0.55 |
5.52 |
5.56 |
| Planning & Development |
6.52 |
3.70 |
2.82 |
1.74 |
| Waste Collection |
2.42 |
1.03 |
1.39 |
1.64 |
| Recycling |
2.41 |
0.07 |
2.34 |
1.65 |
| Environmental Services |
3.39 |
0.99 |
2.40 |
2.51 |
| Other Services |
8.30 |
1.17 |
7.13 |
6.86 |
| Sub-Total |
69.16 |
39.94 |
29.22 |
26.92 |
| Interest Received |
3.29 |
3.29 |
3.14 |
|
| Capital Charges |
8.25 |
8.25 |
6.23 |
|
| Total |
69.16 |
51.48 |
17.68 |
17.55 |
The table below shows how we fund our expenditure.
| Council Revenue Expenditure & Income | |||
| 2008/2009 | 2008/2009 | ||
| Expenditure | (£millions) | Income | (£millions) |
| Housing Benefit |
29.56 |
Housing & Council Tax Benefit |
28.90 |
| Housing |
7.46 |
Other Government Grants |
1.70 |
| Roads & Transport |
3.03 |
Non-Domestic Grants |
6.80 |
| Cultural & Related Services |
6.07 |
Fees & Charges |
9.32 |
| Planning & Development |
6.51 |
Commercial Rents |
0.96 |
| Waste Collection |
2.42 |
IUse of Reserves |
0.82 |
| Recycling |
2.41 |
Investment Interest |
3.29 |
| Environmental Services |
3.39 |
Council Tax |
9.11 |
| Other Services & Capital Charges |
0.05 |
||
| Total |
60.90 |
Total |
60.90 |
The 2008/2009 budget process once again reflects the change to a policy and priority-led approach to budgeting. This is basically about looking at the funds available and where these can be redistributed to pay for key statutory and strategic requirements, improvements and projects. The Corporate Management Team and councillors also considered lists of efficiency and investment options, the results of which are reflected in the figures above. The Council is committed to providing high quality affordable services but due to the need to meet Government targets for such things as waste recycling and other best value issues, which have not been matched by Central Government funding plus inflationary pressures generally, it has been necessary to increase the Council Tax by an average of 4.5%.
The table in Budget Changes illustrates the effect of inflation and growth on the budget process and shows where reserves have been used to keep the Council Tax increase to just 4.5%.
| Budget Changes 2007/08 to 2008/2009 | ||
| £millions | £millions | |
| Budget Requirements 2007/2008 |
16.20 |
|
| Use of Reserves 2007/2008 |
1.35 |
17.55 |
| Inflation (net of fees and charges increases) |
0.96 |
|
| Base Changes |
-0.45 |
|
| Investments |
0.16 |
|
| Efficiences |
-0.54 |
|
| Revenue Budget 2008/09 |
17.68 |
|
| Use of Reserves 2008/09 |
-0.82 |
|
| Budget Requirement 2008/09 |
16.86 |
