Budget 2003-2004
Information for council tax payers
These issues include the level of council tax, the standard of service provision, public consultation, legislative requirements or proposals and in particular the financial settlement provided by the Government. The various sections give a summary of the reasons for the changes from 2002/03 and show how these changes have affected the various service budget allocations and increased the level of the council tax requirement.
It should be noted that the formulation of the approved budget forms part of a medium term budget strategy covering the next three years from 2003/04 to 2005/06. This strategy provides a close link between the allocation of resources to services and the achievement of specific service outcomes as illustrated in the following pages. It is designed to address the major issue facing the city of the change in demographic structure and other issues coming from the key messages contained in the findings of the various independent reviews of the city council. In summary the budget has been approved within the following financial framework :-
- Council tax rises to be below the national average
- Reserves to reach £8m over the next 3 years
- Decapitalising revenue expenditure currently funded from capital
- Continuing to passport Government anticipated spending increases for schools and social services; providing for growth in priority services of £1m per annum
- Seeking to eliminate the dependence on surpluses achieved by direct service organisations to support the budget
- Making appropriate allowance for expected pay and price inflation and other expected commitments
The detailed analysis of the 2003/04 revenue budget is given in the pages highlighted below.
More revenue budget information
How we managed resources in 2002/03
- Summary of variations from the approved budget
- Summary of service variations from the approved budget 2002/03
The City Council's spending plans 2003/04
- Summary of budget increases 2002/03 to 2003/04
- The amounts to be allocated to services 2003/04
- 2003/04 budget overview
- What it means for services
- The amount to be collected from council tax
- The cost to the council taxpayer
- What is the council tax base
- Where the money is spent - services - at a glance summary
- Where the money comes from - at a glance summary
This page was last updated on 21 July 2004
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