Council budgets
We prepare a detailed budget of the costs of running the Council every year. The budget is very complex; we take into account long term finances, running costs, investments, capital projects and changes to government policy. The budget is an important step in calculating the council tax bills.
Current budget
The current budget is for the year ending 31 March 2020. It was agreed by a full meeting of the Council held on 19 February 2019. It includes the Budget Statement which introduces and explains the context for the budget, the Medium Term Financial Strategy which shows financial projections beyond the current budget year and the Savings and Transformation Strategy.
Download the Budget for 2019-20
The Capital strategy documents the principles that underpin the Council's longer-term capital expenditure plans and provides context for the programme of investments listed in the budget.
Income from investments provides a significant source of revenue for the Council. The strategy statement governs our approach to investments.
Download the Treasury Management and Investment Strategy
Summary
Revenue budget for the year ending 31 March 2020
This table shows a summary of our budgeted income and expenditure for service areas, followed by income and expenditure unrelated to services. The table shows how the budgeted costs of the council affect the council tax charge.
| Service | 2018/2019 | 2019/2020 | ||||
|---|---|---|---|---|---|---|
| Gross Expenditure £ | Gross Income £ | Net Expenditure £ | Gross Expenditure £ | Gross Income £ | Net Expenditure £ | |
| Corporate Services | 4,154,750 | 312,950 | 3,841,800 | 4,025,550 | 324,650 | 3,700,900 |
| Chief Executive | 721,850 | 26,400 | 695,450 | 1,090,250 | 25,900 | 1,064,350 |
| Director of Central Services | 1,086,250 | 1,050,400 | 35,850 | 1,143,850 | 1,010,250 | 133,600 |
| Director of Finance and Transformation | 37,407,750 | 35,795,450 | 1,612,300 | 35,408,700 | 34,036,100 | 1,372,600 |
| Director of Planning, Housing and Environmental Health | 6,333,750 | 3,012,250 | 3,321,500 | 6,795,500 | 2,964,950 | 3,830,550 |
| Director of Street Scene, Leisure and Technical Services | 12,542,400 | 4,799,800 | 7,742,600 | 13,502,350 | 5,186,700 | 8,315,650 |
| Total Service Expenditure | 62,246,750 | 44,997,250 | 17,249,500 | 61,966,200 | 43,548,550 | 18,417,650 |
| Depreciation | (2,824,800) | - | (2,824,800) | (2,942,350) | - | (2,942,350) |
| Contributions to / from Reserves | 4,129,700 | 5,201,000 | (1,071,300) | 4,839,500 | 6,382,950 | (1,543,450) |
| Expenditure funded from the Capital Reserve | 3,112,000 | - | 3,112,000 | 3,703,000 | - | 3,703,000 |
| Contributions from Other Public Bodies | - | 85,000 | (85,000) | - | - | - |
| Government Grant including New Homes Bonus | - | 3,380,300 | (3,380,300) | - | 3,531,250 | (3,531,250) |
| National Non-Domestic Rates | 20,429,168 | 23,143,278 | (2,714,110) | 21,016,158 | 23,447,732 | (2,431,574) |
| Collection Fund Surplus / Deficit | - | 130,349 | (130,349) | - | 1,025,109 | (1,025,109) |
| Council Tax Requirement | 87,092,818 | 76,937,177 | 10,155,641 | 88,582,508 | 77,935,591 | 10,646,917 |
| Band D Council Tax | £203.42 | £209.50 | ||||
Source and distribution of funds for the year ending 31 March 2020
This table shows how we are budgeting to finance all of our expenditure
| Source and distribution of funds | 2018/19 Estimate £000 | 2019/20 Estimate £000 |
|---|---|---|
| Source and of funds | ||
| Specific grants | 35,371 | 33,393 |
| Share of business rates | 23,143 | 23,448 |
| Council tax | 10,156 | 10,647 |
| Interest, fees and charges, rent etc. | 9,711 | 10,156 |
| Contributions from reserves | 5,201 | 6,383 |
| Government grant | 3,380 | 3,531 |
| Collection fund surplus | 130 | 1,025 |
| Total | 87,092 | 88,583 |
| Distribution of funds | ||
| Community safety | 180 | 145 |
| Local land charges | 214 | 212 |
| Golf course | 230 | 242 |
| Public health | 276 | 263 |
| Levies and payments to other government bodies | 440 | 420 |
| General leisure services | 409 | 453 |
| Sports grounds | 617 | 519 |
| Elections | 339 | 557 |
| Pleasure grounds and open spaces | 850 | 893 |
| Council tax and business rate collection costs | 1,001 | 925 |
| Street cleansing | 1,617 | 1,102 |
| Environmental health services | 1,304 | 1,346 |
| Corporate management and democratic representation | 1,953 | 1,898 |
| Car parking and transportation | 2,234 | 2,443 |
| Housing | 2,536 | 2,806 |
| Planning and building control | 3,011 | 3,348 |
| Other services | 3,395 | 3,349 |
| Leisure centres | 2,418 | 3,395 |
| Refuse collection and recycling | 3,492 | 3,855 |
| Housing benefit and council tax support | 35,730 | 33,795 |
| Total expenditure on services including depreciation | 62,246 | 61,996 |
| Less depreciation and impairment | (2,825) | (2,942) |
| Total expenditure on services excluding depreciation | 59,421 | 59,024 |
| Capital expenditure charged to General Fund | 3,112 | 3,703 |
| Contribution to reserves | 4,130 | 4,840 |
| Business rates paid to Government and other public bodies | 20,429 | 21,016 |
| Total | 87,092 | 88,583 |
Capital budget for the year ending 31 March 2020
This table shows our budgeted programme of capital investments and how they are to be financed.
| Capital expenditure | 2018/19 Estimate £000 | 2019/20 Estimate £000 |
|---|---|---|
| Other leisure schemes | 98 | - |
| Land drainage | 998 | - |
| Environmental health | - | 20 |
| Car parking and transportation | 30 | 30 |
| Information technology initiatives | 30 | 46 |
| Land and property | 60 | 60 |
| Homeless accommodation | - | 447 |
| Refuse collection and street scene | 92 | 692 |
| Housing renovation and other grants | 860 | 1,019 |
| Capital renewals | 1,323 | 1,440 |
| Leisure centres and open spaces | 845 | 1,612 |
| Total | 4,336 | 5,366 |
| Funded from | ||
| Capital receipts | 1 | 1 |
| Grants and contributions | 1,185 | 1,592 |
| Revenue reserve for capital schemes | 3,150 | 3,773 |
| Total | 4,336 | 5,366 |
Historic budgets
Budgets for previous years are available for download.
- Budget for 2018-19
- Budget for 2017-18
- Budget for 2016-17
- Budget for 2015-16
- Budget for 2014-15
- Budget for 2013-14
- Budget for 2012-13
- Budget for 2011-12
- Budget for 2010-11
- Budget for 2009-10
- Budget for 2008-09
Contact Financial Services
Contact Financial services if you require a budget book not listed.
Email: financial.services@tmbc.gov.uk
Phone : 01732 876095
SMS text message : 07781 482959.