A summary of budget changes from 2006/07 to 2007/08
The council has set its budget for 2007/08 at £198.229m, which is a 4.8% increase on last year. 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 you pay towards the cost of the city council’s services.
A summary of the major variations moving from the previous year’s budget to that approved for 2007/08 is given below:
| £m | £m | Change % |
|
| Revenue budget 2006/07 | 189.190 | ||
| Add back use of reserves included in the 2006/07 base budget | 2.000 | 1.1 | |
| Inflation and other increases outside the direct control of the council | |||
| Pay awards and increments | 3.427 | ||
| Price increases | 5.342 | ||
| Changes in the pension contribution rate | 1.000 | ||
| 9.769 | 5.2 | ||
| Service issues | |||
| New investment in services | 0.995 | ||
| Less use of local authority business growth incentive scheme grant | -0.500 | ||
| 0.495 | |||
| Replacement of grant on time expired schemes | 0.070 | ||
| Children's Services | |||
| - Transport for children with special educational needs | 0.600 | ||
| - Outside care placements | 1.000 | ||
| - Foster carers increase in rates | 0.400 | ||
| Community Health & Social Care | |||
| - Costs associated with adults with learning difficulties | 0.600 | ||
| Other minor service variations | 0.232 | ||
| 3.397 | 1.8 | ||
| Government Formula Grant changes | |||
| Direct school funding assumed increase on our budget to support schools | -0.400 | -0.2 | |
| Efficiency savings | |||
| Full year effect of 2006/07 efficiencies | -0.195 | ||
| New efficiencies | -6.372 | ||
| -6.567 | -3.5 | ||
| Financing adjustments | |||
| Decapitalisation of revenue | 0.500 | ||
| Capital financing increased cost of borrowing | 0.900 | ||
| 1.400 | 0.7 | ||
| Reserves and provisions | |||
| Contribution from reserves | -0.560 | 0.3 | |
| 2007/08 budget requirement | 198.229 | 4.8 |
The amounts to be allocated to services in 2007/08
This page was last updated on 3 October 2009
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