The net budget requirement for 2023/24 is estimated at £20,722,000 an increase of £1,917,000 (10%), on last year’s budget. 68% will be funded by NNDR and government grants as shown in the budget summary table.
The council has achieved a balanced budget, whilst ensuring council tax rises are kept to a minimum.
Service costs breakdown
| Service | Gross expenditure | Total income | Net cost 23/24 | Net cost 22/23 |
|---|---|---|---|---|
| General fund | £105,140,000 | (£84,418,000) | £20,722,000 | £18,805,000 |
| Housing revenue account | £28,513,000 | (£28,674,000) | (£250,000) | £920,000 |