Council finances summary

We receive income of £118.13m and we spend £131.55m, which means our net budget to pay for services is £13.42m.

The government give us grants, including Business Rates relief grants of £1.7m and retained Business Rates and Collection Fund Surplus £4.24m.

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

  • Our borrowing at April 1 2020 was £0
  • Our investments at April 1 2020 were £98m
  • On 18 February we employed 591 people

Cost of providing council services

Expenditure £m
Income £m
Net £m
Service
Council housing
Expenditure £m
48.70
Income £m
48.70
Net £m
0
Service
Other housing services
Expenditure £m
40.07
Income £m
37.43
Net £m
2.64
Service
Wellbeing
Expenditure £m
16.75
Income £m
7.45
Net £m
9.30
Service
Public protection and community engagement
Expenditure £m
1.67
Income £m
0.18
Net £m
1.49
Service
Planning and economic development
Expenditure £m
7.52
Income £m
10.71
Net £m
-3.19
Service
Other services
Expenditure £m
11.43
Income £m
9.52
Net £m
1.92
Service
Other environmental services
Expenditure £m
5.65
Income £m
3.17
Net £m
2.48
Service
Refuse collection, recycling and cleansing
Expenditure £m
3.21
Income £m
0.53
Net £m
2.68
Service
Less capital charges
Expenditure £m
-3.46
Income £m
0
Net £m
-3.46
Total
Total
Expenditure £m
131.55
Income £m
117.69
Net £m
13.86

Other income

Expenditure £m
Income £m
Net £m
Other income
Investment income
Expenditure £m
0
Income £m
0.28
Net £m
-0.28
Other income
Transfer from reserves
Expenditure £m
0
Income £m
0.16
Net £m
-0.16
Other income
Net budget requirement for 2021-2022
Expenditure £m
131.55
Income £m
118.13
Net £m
13.42

Grants and other funding

Net £m
Grant type
Government grant
Net £m
-0.06
Grant type
Lower tier services grant
Net £m
-0.36
Grant type
Local Council Tax support
Net £m
-0.17
Grant type
New Homes Bonus
Net £m
-1.11
Grant type
Retained Business Rates
Net £m
-4.31
Grant type
Deficit on collection fund
Net £m
0.07
Total
Amount to be met from Council Tax
Net £m
7.48

Spending changes - budget requirement

£m
Spend type
Savings identified
Amount £m
-1.89
Spend type
Reduced investment interest
Amount £m
0.33
Spend type
Reduced pension costs
Amount £m
-0.14
Spend type
Additional net cost of COVID-19 (estimate)
Amount £m
0.16
Spend type
Inflation
Amount £m
0.20
Spend type
Transfer to reserves
Amount £m
-1.33
Spend type
Other
Amount £m
0.24
Total
Total
Amount £m
-2.43
  • The budget requirement for 2020 - 2021 was £15.85m.
  • The budget requirement for 2021 - 2022 is £13.42m.

Spending changes - Council Tax requirement

Amount £m
Income
Changes to spending (budget requirement)
Amount £m
-2.43
Income
New Homes Bonus (reduced)
Amount £m
0.72
Income
Increase in government grant - finance settlement
Amount £m
-0.53
Income
Levey account transfer
Amount £m
0.08
Income
Movement in collection fund
Amount £m
0.12
Income
Reduced Business Rates - reduction
Amount £m
2.04
Total
Total
Amount £m
7.48
  • The Council Tax requirement for 2020 - 2021 was £7.48m.
  • The Council Tax requirement for 2021 - 2022 is £7.48m.