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Council finance

Council finances summary

We receive income of £113.98m and we spend £129.82m, which means our net budget to pay for services is £15.85m.

The Government give us grants, including Business Rates relief grants £3.24m and retained Business Rates and Collection Fund Surplus £5.13m.

The amount to be met from Council Tax is £7.48m.

  • Our borrowing at April 1 2019 was £0
  • Our investments at April 1 2019 were £113m
  • On 20 February we employed 612 people

Cost of providing council services

Expenditure £m
Income £m
Net £m
Council housing
48.60
48.60
0
Other housing services
38.42
35.66
2.77
Wellbeing
16.67
7.37
9.30
Public protection and community engagement
1.81
0.17
1.63
Planning and economic development
7.44
10.09
-2.63
Other services
10.43
7.90
2.53
Other environmental services
5.50
3.06
2.45
Refuse collection, recycling and cleansing
3.19
0.52
2.67
Less capital charges
-3.41
n/a
-3.41
Total
128.65
113.35
15.29
Investment income
n/a
0.61
-0.61
Transfer to reserves
1.17
n/a
1.17
Net budget requirement
129.82
113.98
15.85
Government grant - to support business rate relief
n/a
n/a
-1.26
New homes bonus
n/a
n/a
-1.83
Retained Business Rates
n/a
n/a
-5.08
Surplus on collection fund
n/a
n/a
-0.05
Amount to be met from Council Tax
n/a
n/a
7.48

Change in spending

£m
2019/2020 Budget Requirement
14.23
Savings identified
-0.63
Improvements to services
0.15
Increased investment interest
-0.29
Increased pension costs
0.14
Reduced contribution from West Sussex County Council for recycling
0.44
Inflation
0.42
Transfer to reserves
1.17
Other
-0.35
2020/21 net budget requirement
14.23
2019/20 Council Tax Requirement
7.18
Changes above
1.62
New homes bonus
-0.36
Increase in government grant – finance settlement
-0.06
Government grant – levy account surplus
-0.08
Movement in surplus on collection fund
-0.01
Retained Business Rates
-0.81
2020/21 Council Tax requirement
7.48