A summary of budget changes from 2007/08 to 2008/09
The council has set its budget for 2008/09 at £213.2 million, which represents a 4% increase on the comparable budget for 2007/08. After allowing for changes to the council tax base, related to the number of properties in the bandings, this gives a 3% increase in the council tax.
A summary of the major variations moving from the previous year’s budget to that approved for 2008/09 is given below: -
| Summary of major variations | (Million pounds) | (Million pounds) |
Change % |
|---|---|---|---|
| Revenue budget 2007/08 | 198.2 | ||
| Add back one off items used to support the 2007/08 revenue budget | |||
| - use of reserves | 0.6 | ||
| - one-off savings proposals | 1.0 | ||
| Government grants changes - transfer of specific grants into Formula Grant | 5.1 | ||
| Adjusted revenue budget 2007/08 | 204.9 | ||
| Inflation and other increases outside the direct control of the council | |||
| - pay awards | 3.1 | ||
| - price increases | 4.3 | ||
| - changes in pension contribution rate | 0.9 | ||
| 8.3 | 4.1 | ||
| Service issues | |||
| - pay and grading review | 4.2 | ||
| - Children's services spending pressures - foster care agencies and special needs transport | 0.1 | ||
| - replacement of LPSA reward grant | 0.7 | ||
| - other minor variations | 0.1 | ||
| 5.1 | 2.5 | ||
| Investment in services | |||
| - recycling initiatives | 0.5 | ||
| - primary and community care facilities | 1.1 | ||
| - planning capacity | 0.3 | ||
| - initiatives to provide access to employment for disadvantaged groups | 0.3 | ||
| 2.2 | 1.1 | ||
| Government funding withdrawal | |||
| - Local Authority Business Growth Incentive Scheme | 4.0 | ||
| - loss of benefits administration subsidy | 0.1 | ||
| 4.1 | 2.0 | ||
| Efficiency savings | |||
| - new efficiencies in 2008/09 | -7.2 | -3.5 | |
| Financing adjustments | |||
| - de-capitalisations of revenue | 0.5 | ||
| - capital financing change in accounting regulations impacting on debt repayment profiles | -0.4 | ||
| 0.1 | 0.0 | ||
| Contribution from reserves | -4.3 | 2.1 | |
| 2008/09 Budget requirement | 213.2 | 4.0 |
The amounts to be allocated to services in 2008/09
This page was last updated on 19 March 2008
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