Our budget

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

Full Council set our budget for 2015 to 2016 at its meeting on the 26 February 2015. 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 2016
2013 to 2014 net actual2014 to 2015 net estimatePortfolio2015 to 2016 gross expenditure2015 to 2016 income and credits2015 to 2016 net expenditure
£7,485,174 £7,965,600 Community including Housing services £15,376,000 -£2,352,100 £13,023,900
£3,552,986 £3,357,600 Leader £3,217,800 -£699,800 £2,518,000
-£3,200,843 -£2,774,500 Economic Development and Regeneration £2,617,700 -£5,640,200 -£3,022,500
£4,923,749 £5,672,400 Environment £11,492,200 -£5,167,100 £6,325,100
£2,538,100 £2,669,700 Planning and Sustainability £5,083,200 -£1,939,100 £3,144,100
£1,534,372 £1,878,600 Finance £54,908,400 -£52,792,200 £2,116,200
£234,000 £271,200 Human Resources £0 £0  
£30 £0 Business units £6,947,200 -£6,947,200  
£17,067,567 £19,040,600 Net cost of services £99,642,500 -£75,537,700 £24,104,800
-£2,353,000 -£2,698,900 Reversal of depreciation and deferred charges     -£8,583,100
£14,714,567 £16,341,700 General Fund expenditure     £15,521,700
£0 -£876,000 Contribution to/(from) Repairs and Renewals Fund     -£519,000
£15,000 £0 Use of reserves     £0
-£93,000 -£93,500 Special grant for council tax freeze     -£93,000
£202,000 £175,000 Payment to parish councils/special expenses     £150,000
-£471,000 £0 Residual Cost/(Use of HRA Working balance)     £0
£0 -£35,000 (Use of) / Addition to Working Balance     £0
£14,367,567 £15,512,200 General Fund requirement     £15,059,700
    Funded by      
£0 £15,000 New Burden Grant     £0
£7,121,000 £6,416,000 Formula grant     £5,512,000
£600,000 £800,000 New Homes Bonus Fund applied     £978,000
£8,198,000 £8,220,200 Council tax - general fund     £8,347,000
  £61,000 Council tax - adjustment     £222,700
£15,919,000 £15,512,200 General fund working balances     £15,059,700
-£1,551,433 £0 Shortfall/(surplus)     £0
-£1,551,433 £0 Closing balance     £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

We operate a four year major projects programme totalling £66.777 million which is rolled forward each year. The programme contains details of budget provisions that have been set aside for all of our major projects.

Major projects programme
Portfolio2014 to 20152015 to 20162016 to 20172017 to 20182018 to 2019Total
Leader £23,664,000 £17,359,000 £1,092,000 £855,000 £0 £42,970,000
Economic development and regeneration £3,787,000 £7,570,000 £500,000 £0 £0 £11,857,000
HR, ICT and customer services £458,000 £225,000 £225,000 £0 £0 £908,000
Planning and sustainability £186,000 £1,100,000 £0 £0 £0 £1,286,000
Environment £410,000 £0 £0 £0 £0 £410,000
Community £2,389,000 £3,972,000 £995,000 £995,000 £995,000 £9,346,000
Total programme £30,894,000 £30,226,000 £2,812,000 £1,850,000 £995,000 £66,777,000