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Agenda Item No. 9
It is recommended that:
Revised Budget 2017/18
2017/18
Variance
Amended
Projected
(+)Favourable
Directorate/Service
Budget
Outturn
(-) Adverse
£'000
Learning and Skills
Schools
82,957
0
Strategy, Culture, Community Learning & Resources
11,014
11,004
+10
Strategy and Regulation
235
201
+34
Achievement for All
3,840
4,187
-347
School Improvement
1,102
1,054
+48
Additional Saving to be Found
(255)
+255
Social Services
Children and Young People
15,168
Adult Services
41,838
42,838
-1,000
Resource Management & Safeguarding
270
Youth Offending Service
697
Transfer from Reserves
(1,000)
+1,000
Environment and Housing
Visible Services
20,211
20,711
-500
(500)
+500
Transportation
4,841
Building Services
Regulatory Services
2,169
Council Fund Housing
1,257
Managing Director & Resources
Resources
1,199
Regeneration
2,059
Development Management
1,012
Private Housing
11,038
10,468
+570
General Policy
15,513
12,083
+3,430
Transfer to Reserves
4,000
-4,000
Total
216,420
Met from General Reserve
(700)
Grand Total
215,720
Managing Director and Resources
Savings 2017/18
Budget Strategy 2018/19
Medium Term Financial Plan
Budget Consultation with Stakeholders
Provisional Settlement 2018/19
2018/19 Initial Budget Proposals
Projected Budget Shortfall
2018/19
2019/20
£000
Funding Available
Provisional AEF
151,996
149,716
Council Tax (Assumes no increase) *
66,166
Projected Funding Available
218,162
215,882
Base Budget
221,748
220,201
Projected Shortfall Against Base Budget
3,586
4,319
Assume all Cost Pressures Funded
7,050
4,483
Projected Shortfall with Cost Pressures funded
10,636
8,802
Assume all Savings Achieved
(6,726)
(2,600)
Projected Shortfall
3,910
6,202
* This assumes no increase in Council Tax at this stage.
Next Steps
Medium Term Financial Plan 2017/18 to 2020/21
Carolyn Michael
Operational Manager - Accountancy
Corporate Management Team
Carys Lord
Section 151 Officer