Council budgets

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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.

Download the Capital Strategy

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.

Download pdf file format

Service2018/20192019/2020
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.

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.