Our budget

Our Cabinet is responsible for setting and monitoring our revenue and capital budgets.

 The budget comprises of the following elements:

  1. General fund revenue budget. This is our main day-to-day budget, where income and expenditure is charged. This budget is partly funded through council tax and revenue support grant from the government.
  2. Housing revenue account. This account relates specifically to day-to-day income and expenditure on managing and maintaining council housing. This is primarily funded through council house rents.
  3. Special expenses. This account is maintained in relation to services provided to the unparished part of the district for those services which would usually be provided by a Parish Council.
  4. Capital programme. We operate a four year capital programme totalling £66.777 million which is rolled forward each year.

General fund revenue budget

This is our main day-to-day budget, where income and expenditure is charged. This budget is partly funded through council tax and support grant from the government.

General Fund estimate summary for the year ending 31 March 2017
2015 to 2016 net actual2016 to 2017 net estimatePortfolio2017 to 2018 gross expenditure2017 to 2018 income and credits2017 to 2018 net expenditure
£4,518,099 £4,862,400 Community £6,231,644 (£2,537,659) £3,693,985
£2,484,111 £2,283,200 Leader £3,928,745 (£1,487,595) £2,441,150
-£6,417,383 -£6,386,400 Environment £11,045,953 (£4,827,170) £6,277,783
£2,305,322 £2,12,700 Housing £3,628,731 (£1,220,040) £2,408,691
£3,043,13 £3,260,800 Planning and Sustainability £5,541,290 (£2,272,190) £3,268,380
(£3,529,928) (£3,872,300) Economic Development and Regeneration £3,628,73 (£7,479,007) (£3,718,658)
£1,608,939 £2,026,000 Finance and Resources £53,410,476 (£51,218,440) £2,192,036
£0 £110,100 HR and Internal Shared Support Services £130,000 £0  130,000
£121,675 £157,800 Unallocated overheads £1,393,000 £0  1,393,000
£16,969,514 £17,427,100 Net cost of services £89,079,188 (£71,042,821) £18,036,367
£2,523,750 £2,901,012 Reversal of depreciation and deferred charges     (£2,382,967)
£14,445,764 £14,526,088 General Fund expenditure     £15,653,400
(£288,622) (£594,000) Contribution to/(from) Repairs and Renewals Fund     (£863,100)
£123,000 £0 Transfers to Reserve as agreed as part of Outturn report     £0
-£94,093 £0 Council tax freeze grant     £0
£147,315 £128,000 Payment to parish councils/special expenses     £109,000
£0 £623,512 Contribution to/(from) from Revenue Development Reserve (RDR)     (£1,075,300)
£14,333,324 £14,683,600 General Fund requirement     £13,824,000
    Funding sources      
£5,512,000 £1,490,000 Revenue Support Grant (RSG)     £635,000
£ £3,060,000 Business Rates Funding     £3,125,000
£ £ Transition Grant     £84,000
£978,000 £1,152,000 NewHomes Bonus Fund applied     £855,000
 £8,568,700 £8,761,000 Council tax - General Fund     £8,861,700
£ £220,600 Council Tax adjustment     £243,000
£15,059,700 £14,683,600 Total Funding     £13,824,000
(£726,376) £0 (Surplus)/deficit for the year     £0

Special Expenses

This account is maintained in relation to services provided to the unparished part of the district for those services which would usually be provided by a parish council. This cost is met through a separate precept on those residents living in the unparished part of the district and interest earned on balances.

Major Projects programme

The programme contains details of budget provisions that have been set aside for all of our major projects.

Major projects programme (£000s)
Portfolio2016 to 20172017 to 20182018 to 20192019 to 20202020 to 2021Total
Leader £1,624 £2,178 £0 £0 £0 £3,802
Economic development and regeneration £3482 £7,065 £882 £0 £0 £11,429
HR, ICT and customer services £729 £440 £460 £240 £0 £1,869
Planning and sustainability £878 £2,813 £0 £0 £0 £13,691
Community £351 £2,385 £145 £145 £0 £3,026
Housing £1,212 £1,600 £2,024 £800 £0 £5,636
External bodies - CIL and Section 106 £1,130 £504 £2024 £0 £0 £1,634
Total programme £9,406 £16,985 £3,511 £1,185 £0 £31,087