Council tax 2012-13
Where the money goes
The council provides over 100 different services through the efforts of over 6,500 employees. The total cost of these services is over £355m a year. This funding comes mainly from government grants, business rates and council tax. The council also gets income by charging for some services, and
invests money before it is spent to earn extra cash. The table below breaks down all that spending and income, and shows how it has changed since last year.
2011-2012 LAST YEAR’S
SPENDING £000
S E R V I C E S 37,785 ADULT SERVICES 2012-13 GROSS £000 £000 THIS YEAR’S
SPENDING INCOME SPENDING £000
55,968 -19,716
25,954 CHILDREN & YOUNG PEOPLE’S SERVICES 151,146 -125,841 16,380 INFRASTRUCTURE SERVICES
18,179 NEIGHBOURHOOD & ENVIRONMENTAL -6,155
10,495 CORPORATE AND COMMUNITY SERVICES 12,478 -2,297 4,195 FINANCE SERVICES
61,212 -57,253 112,988 SERVICE SPENDING
12,404 FINANCING COSTS 6,367 CORPORATE BUDGETS 2,681 CONTINGENCY
134,440 TOTAL COUNCIL BUDGET 1,348 PARISH PRECEPTS 135,788 TOTAL BUDGET
28,337 -11,753 21,678
36,252 25,305 16,584 15,523 10,181 3,959
330,819 -223,015 107,804 13,557 -91
7,943 -2,108 2,808
13,466 5,835 2,808
355,127 -225,214 129,913 1,371
131,284
FUNDING -49,873 RE-DISTRIBUTED NATIONAL NON DOMESTIC RATES
0 COUNCIL TAX FREEZE GRANT 2012-13
-14,910 REVENUE SUPPORT GRANT -1,819 USE OF RESERVES
-320 NEW HOMES BONUS GRANT -1,231 COLLECTION FUND SURPLUS
-67,635 COUNCIL TAX REQUIREMENT (INCLUDING PARISH PRECEPT) -135,788 TOTAL FUNDING
£0.1m in service
-58,459 -1,670 -1,133 -955 -640 -130
-68,296 -131,284
Corporate Budgets include flood defence and other levies of £1.4m, Insurances costing £1.8m, Strategic Regeneration (£1.6m) and Corporate Management. Financing costs include the cost of borrowing to pay for capital projects (see details on page 15) and the income received from investments.
16 reductions £4m £7.3m in efficiencies from service transformation Extra income/savings
This diagram explains how spending has changed compared to last year. It shows increased spending and the effects of inflation. These extra costs are offset by extra income, efficiency savings, and changes to the way the council works. The net decrease is £4.5m. If you have any queries about the council’s budgets, or how it decides council tax levels, call 01724 296013.
£1.3m in
additional income
Overall reduction in
council spending of £4.5m
0.8% Collection
Fund surplus and reserves (£1.1m)
2.7%
Government grant (3.4m)
Where the money comes from
45%
Non-domestic rates
(£58.5m)
51.5%
Council Tax (£66.9m)
Wh a t ’ s c h a n g e d ? Extra costs
+ £7.1m Cost
+£0.9m for
inflation pressures +£0.2m Change in
Government grant
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