How the council's budget is funded
The city council’s gross costs are partially offset by service income including fees and charges made for the provision of our services and government grants specific to services. These specific grants include a dedicated schools grant providing funding for schools under arrangements that were introduced in 2006/07. The net costs after taking account of service income is commonly known as the budget requirement. This requirement is funded from two main sources:
1) the government via its revenue support grant and the redistribution of income collected from business rates and
2) council tax payers via the council tax charge levied by the council.
The following table shows how much we will receive from each of these sources in 2007/08.
| Revenue source | Amount | Percentage |
|---|---|---|
|
Council Tax |
£82.6m | or 41.7% |
| Government - Revenue Support Grant | £16.6m | or 8.4% |
| Government - Redistributed business rates | £99.0m | or 49.9% |
The table below gives details of the comparable figures for 2006/07 and 2007/08
| Amount in 2006/07 | Analysis of income | Amount in 2007/08 |
|---|---|---|
| £189.2m | Net cost of services or budget requirement of Salford City Council | £198.2m |
| Funded by: | ||
| Formula grant allowance from central government | ||
| £-18.1m | Government revenue support grant | £-16.6m |
| £-93.8m | Redistributed non domestic rates (business rates) | £-99.0m |
| £-77.3m | Council taxpayers | £-82.6 |
What the budget means for services and the achievement of our pledges
This page was last updated on 26 March 2008
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