Page last updated at 09:48 GMT, Monday, April 22 2013
Council Budgets and Spending
In delivering its day to day services, the Council will spend
over £60 Million in 2013-14.
The majority of the Council’s expenditure is financed by income
from charges for its services (for example car parking) and
specific central government grants, the largest of which is for the
reimbursement of benefit expenditure which totals £32 Million in
2013-14. The remaining balance (known as the net budget) exceeds
£11 Million in 2013-14 and is financed by:
- Council Tax – a vital source of locally determined income which
is approximately £5.5 Million each year and is charged to all
households in the borough.
- General Revenue Support Grant from Central Government.
In addition to its day to day expenditure, the Council also has
a large Community Investment Programme comprising a number of new
facilities and other projects each year. In 2013-14 this will be
over £44 Million and includes a range of
environmental improvements and construction
projects and the replacement of old vehicles.
In planning its budget the Council prepares a 3 year rolling
strategy for its day to day running expenses and a 5 year strategy
for its Community Investment Programme. The budget for 2013-14
ensures that the Council continues to provide a high quality
services and maintains a sound financial base on which to build for
Documents and Publications
Each year, the Council publishes:
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- A budget book, which sets out the Council's financial plans for
the year for each service.
- A statement of accounts and internal control which provides an
audited account of the Council's finances and control arrangements
for the year (this is published in late September each year as it
takes six months to close the accounts, have them audited and
produce the statement).
- A summarised version of the statement of accounts to put the
same information into a more user friendly format, aimed at members
of the public (as opposed to the original statement which is in a
prescribed format and generally only used by accountants and
- An audit inspection letter which is sent from the government
appointed external auditors to the Council and contains the
auditors opinion on the accounts and the Council's arrangements for