Budgets for this year

How do we spend our money?

The table below shows how much we plan to spend on each of the main services we provide and how this compares with the previous year.

General Fund Budget Analysis 2017/18 Gross Expenditure (£000's) 2017/18 Gross Income (£000's) 2017/18 Net Expenditure (£000's) 2016/17 Net Expenditure (£000's)
Cultural & Related Services 1,299 -317 983 882

Waste & Recycling Collection

7,173 -2,611 4,561 4,119
Leisure & Environmental Services 7,257 -3,380 3,877 4,208
Policy & Community Development 1,647 -63 1,584 1,740
Revenues & Benefits 41,636

-39,936

1,699 1,539
Development & Building Control 1,589 -744 845 762
Strategic Planning and Enterprise 2,400 -273 2,127 1,486
Housing and Public Protection 5,155 -1,762 3,394 3,162
Democratic Services 1,598 -3 1,595 1,779
Corporate & Other Services 3,114 -165 2,949 2,524
Sub-Total 72,868 -49,254 23,614 22,201
Commercial Rents 0 -999 -999 -991
Interest Received 0 -267 -267 -373
Capital Charges -5,804 0 -5,807 -4,284
Total 67,064 -50,520 16,545 16,553
 
Funded by
Revenue Support Grant     0 -821
Business Rates Baseline     -2,459 -2,408
Other grants     -2,174 -2,898
Business Rates retained above baseline     0 0
Council Tax Requirement     -10,555 -10,173
Contribution to/from (-) Reserves     -1,357 -253
Total     -16,545 -16,553

Where does the money come from?

The table below shows how we fund our expenditure. Our income sources from Government, Business (Non-Domestic Rates) and fees and charges do not meet all of the cost of providing our services and the difference is funded from the council tax charge to local residents.

Income source £000's
Housing Benefit Subsidy 38,975
Council Tax 10,555
Formula Government Grant 0
New Homes Bonus 1,986
Fees & Charges 8,550
Retained Business Rates 2,459
Commercial Rents 999
Investment Interest 267
Other Government Grants and Contributions 1,955
Total 65,746

How our spending has changed from 2016/17

The table below shows how our spending has changed from last year.

Budget Changes 2016/17 to 2017/18 £000's
Council Tax Requirement 2016/17 10,172
Inflation (net of fees and charges increases) 467
Base Changes 385
Efficiencies -930
New Investment in Objectives 69
Reduction in Government Funding and Retained Business Rates 771
Reduction in New Homes Bonus and Other Grants 725
Change in Contribution to Reserves -1,104
Council Tax Requirement 2017/18 10,555

Further information can be found in the Council's Budget Book.

AttachmentSize
NHDC Budget book 2017/182.31 MB