The net budget requirement for 2023/4 is estimated at £20,722,000 an increase of £1,917,000 (or 10%), on last year’s budge, 68% of which is funded from NNDR and government grants as shown in table 4.
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 22/23 | Net cost 21/22 |
|---|---|---|---|---|
| General fund | £105,140 | (£84,418) | £20,722 | £18,805 |
| Housing revenue account | £28,513 | (£28,674) | (£250) | (920) |