The 2018/19 budget summary is shown in the table below:
Fees and Charges
Fees and charges represent an important source of income, providing finance to assist in achieving the Council’s objectives.
The policy framework provides guidance to Managers in setting appropriate levels of fees and charges, taking into account client groups and corporate objectives, and to provide for regular reviews of fees and charges within the overall service and financial planning process.
Incorporating the review of fees and charges formally into the service and planning process will also permit consideration of cross-cutting issues and impacts in the context of wider policy considerations.
The programme presented is developed for 2018/19, and the 5 year programme represents the ongoing commitments of the existing and future programme. The longer term capital programme aspirations are significant. The Council continues to develop the future programme of investments to deliver corporate priorities and to ensure that it is affordable within the financial envelope.
The capital strategy to deliver Council’s vision is:
• Regeneration and Infrastructure, by investing in our assets in such a way that not only delivers regeneration and growth in a sustainable way, but also generates annual revenue to support our services to the public.
• Cohesive Communities, ensuring activity is prioritised accordingly, with robust delivery plans in place, enabling delivery on time and at value, for example use Community Infrastructure Levy (CIL) to invest in the area to improve infrastructure and reflect the growing needs locally.
• Value for Money Services ensuring external funding is leveraged, especially for development, which will maximise the financial envelope available for major projects such as Accelerated Construction Fund for development (unlock housing and jobs growth).
The programme sets out how the Council will spend £45.358m in 2018/19 and £150.739m across five years from 2018/19 to 2022/23. This budget proposes greater capital investment across areas such as economic Development & Regeneration, Planning and Sustainability, Housing supply and other externally funded projects.
New Capital Commitments
The table below summarises the Capital Programme: