Council finances summary

We receive income of £114.86m and we spend £129.18m, which means our net budget to pay for services is £14.32m.

The government give us grants, including Business Rates relief grants of £1.19m and retained Business Rates and Collection Fund Surplus £5.30m.

The amount to be met from Council Tax is £7.82m.

  • Our borrowing at April 1 2020 was £0
  • Our investments at April 1 2021 were £109m
  • On 21 February we employed 591 people

Cost of providing council services

Expenditure £m
Income £m
Net £m
Service
Council housing
Expenditure £m
50.94
Income £m
50.94
Net £m
0
Service
Other housing services
Expenditure £m
34.56
Income £m
31.78
Net £m
2.78
Service
Wellbeing
Expenditure £m
16.48
Income £m
6.19
Net £m
10.30
Service
Public protection and community engagement
Expenditure £m
1.50
Income £m
0.18
Net £m
1.32
Service
Planning and economic development
Expenditure £m
5.12
Income £m
7.86
Net £m
-2.74
Service
Other services
Expenditure £m
14.20
Income £m
13.01
Net £m
1.20
Service
Other environmental services
Expenditure £m
5.34
Income £m
3.19
Net £m
2.15
Service
Refuse collection, recycling and cleansing
Expenditure £m
3.32
Income £m
0.65
Net £m
2.67
Service
Less capital charges
Expenditure £m
-3.23
Income £m
0
Net £m
-3.23
Total
Total
Expenditure £m
129.18
Income £m
113.81
Net £m
14.44

Other income

Expenditure £m
Income £m
Net £m
Other income
Investment income
Expenditure £m
0
Income £m
0.61
Net £m
-0.61
Other income
Transfer from reserves
Expenditure £m
0
Income £m
0.45
Net £m
-0.45
Other income
Net budget requirement
Expenditure £m
129.18
Income £m
114.86
Net £m
14.32

Grants and other funding

Net £m
Grant type
Government grant
Net £m
-0.06
Grant type
Lower tier services grant
Net £m
-0.27
Grant type
Services grant
Net £m
-0.25
Grant type
New Homes Bonus
Net £m
-0.61
Grant type
Retained Business Rates
Net £m
-5.24
Grant type
Surplus on collection fund
Net £m
0.07
Total
Amount to be met from Council Tax
Net £m
7.82

Spending changes - budget requirement

£m
Spend type
Savings identified
Amount £m
-0.33
Spend type
Reduced investment interest
Amount £m
0.10
Spend type
Additional net cost and lost income relating to COVID-19 
Amount £m
1.05
Spend type
Inflation
Amount £m
0.79
Spend type
Transfer to reserves
Amount £m
-0.33
Spend type
Other
Amount £m
0.90
Total
Total
Amount £m
14.32
  • The budget requirement for 2022 - 2023 is £14.32m
  • The budget requirement for 2021 - 2022 was £13.42m

Spending changes - Council Tax requirement

Amount £m
Income
Changes to spending (budget requirement)
Amount £m
0.90
Income
New Homes Bonus (reduced)
Amount £m
0.50
Income
Decrease in government grant - finance settlement
Amount £m
0.01
Income
Movement in collection fund
Amount £m
-0.13
Income
Retained Business Rates - increase
Amount £m
-0.93
Total
Total
Amount £m
7.82
  • The Council Tax requirement for 2022- 2023 is £7.82m
  • The Council Tax requirement for 2021 - 2022 was £7.48m