Each financial year we work out spending and income based on our aims, priorities and resources, and use this to set our budget. The remaining balance is funded by a grant from government and a percentage of council tax.
The net budget requirement for 2024/25 is estimated at £20,816,000; an increase of £94,000 (0.5%), on last year’s budget.
The council has achieved a balanced budget, whilst ensuring council tax rises are kept to a minimum.
| Gross expenditure | Total income | Net cost 24/25 | Net cost 23/24 | |
|---|---|---|---|---|
| General fund | £110,156 |
(£89,340,000) | £20,816,000 | £20,722,000 |
| Housing revenue account | £29,939,000 | (£30,310,000) | (£371,000) | £176,000 |