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| TEN YEAR BUDGET FORECAST |
APPENDIX 1 |
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| Year |
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2010/11 |
2011/12 |
2012/13 |
2013/14 |
2014/15 |
2015/16 |
2016/17 |
2017/18 |
2018/19 |
2019/20 |
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£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
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| Total before savings and new
developments |
|
19,562 |
20,433 |
20,622 |
21,361 |
22,058 |
22,665 |
23,288 |
23,819 |
24,584 |
24,585 |
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| One off spend (LDF and taxi
vouchers increase and jubilee) |
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396 |
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| Total before use of balances |
App E |
19,958 |
20,433 |
20,622 |
21,361 |
22,058 |
22,665 |
23,288 |
23,819 |
24,584 |
24,585 |
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| Savings |
App D |
(1,273) |
(1,566) |
(1,786) |
(1,786) |
(1,786) |
(1,786) |
(1,786) |
(1,786) |
(1,786) |
(1,786) |
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| Other changes (mainly
contract indexation then NI change in 2011/12) |
|
(121) |
(67) |
33 |
33 |
33 |
33 |
33 |
33 |
33 |
33 |
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| District in bloom |
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50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
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| Streetscene |
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20 |
20 |
20 |
20 |
20 |
20 |
20 |
20 |
20 |
20 |
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| Fees and charges |
|
(58) |
(58) |
(58) |
(58) |
(58) |
(58) |
(58) |
(58) |
(58) |
(58) |
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| Corporate business cases -
further work required |
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(250) |
(500) |
(500) |
(500) |
(500) |
(500) |
(500) |
(500) |
(500) |
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| Pension fund contribution increase |
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0 |
0 |
0 |
700 |
700 |
700 |
700 |
700 |
700 |
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| Future new developments and
pressures |
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400 |
400 |
400 |
400 |
400 |
400 |
400 |
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| Fall out of previous growth
(Org Restr) |
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(180) |
(180) |
(180) |
(180) |
(180) |
(180) |
(180) |
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| Total before use of balances |
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18,576 |
18,562 |
18,381 |
19,340 |
20,737 |
21,344 |
21,967 |
22,498 |
23,263 |
23,264 |
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| Taken
from balances (for once-off items) - includes monies relating to 89 Sandpit
Lane |
(396) |
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| Net
expenditure before Gov't support, Council Tax, Collection Fund |
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18,180 |
18,562 |
18,381 |
19,340 |
20,737 |
21,344 |
21,967 |
22,498 |
23,263 |
23,264 |
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| Government support |
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| NNDR |
|
(6,695) |
(6,900) |
(6,517) |
(6,517) |
(6,647) |
(6,780) |
(6,916) |
(7,054) |
(7,195) |
(7,339) |
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| Formula Grant |
|
(972) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Total Government support
after assumed increases |
|
(7,667) |
(6,900) |
(6,517) |
(6,517) |
(6,647) |
(6,780) |
(6,916) |
(7,054) |
(7,195) |
(7,339) |
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| Council Tax |
|
(10,397) |
(10,605) |
(10,818) |
(11,034) |
(11,255) |
(11,480) |
(11,709) |
(11,944) |
(12,182) |
(12,426) |
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| Transfer from collection fund
(Council Tax surpluses) |
|
(116) |
(100) |
(50) |
(50) |
(50) |
(50) |
(50) |
(50) |
(50) |
(49) |
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| Funding |
|
(18,180) |
(17,605) |
(17,385) |
(17,601) |
(17,952) |
(18,310) |
(18,675) |
(19,048) |
(19,428) |
(19,814) |
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| BUDGET GAP |
|
0 |
957 |
996 |
1,739 |
2,785 |
3,034 |
3,292 |
3,450 |
3,835 |
3,450 |
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| This
appendix shows the figures at a minus 0.4% Council Tax increase on average. A
typographical error in the previous version of this appendix (affecting the
underlined figures only) has also been corrected. |
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583 |
1,060 |
1,462 |
1,312 |
1,523 |
1,629 |
1,735 |
1,732 |
2,029 |
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583 |
103 |
466 |
(427) |
(1,262) |
(1,405) |
(1,557) |
(1,718) |
(1,807) |
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| Inflation percentages |
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| External inflation rate on costs to the council |
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0.50% |
2.75% |
2.75% |
2.75% |
2.75% |
2.75% |
2.75% |
2.75% |
2.75% |
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| Published inflation rate (RPI) |
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2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
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| Council Tax increase |
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3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
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| Increase in NNDR (Assumed constant after 2008/09) |
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0.00% |
0.00% |
-1.00% |
-1.00% |
-1.00% |
-1.00% |
-1.00% |
-1.00% |
-1.00% |
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| Increase in grant (Assumed constant after 2008/09) |
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0.00% |
0.00% |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
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| Government support + cost inflation |
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(7,773) |
(7,987) |
(8,207) |
(8,432) |
(8,664) |
(8,903) |
(9,147) |
(9,399) |
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| Government support - Potential Gap |
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(106) |
(1,087) |
(1,690) |
(1,915) |
(2,017) |
(2,122) |
(2,232) |
(2,345) |
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| Funding Gap on pure revenue |
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#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
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| Year |
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2010/11 |
2011/12 |
20012/13 |
2013/14 |
2014/15 |
2015/16 |
2016/17 |
2017/18 |
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| Remaining income or savings required |
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#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
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| Net expenditure = Income from Gov't support, |
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#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
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| Council Tax &
Coll'n Fund |
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| Percentage income increase to be applied |
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3.0% |
3.0% |
3.0% |
3.0% |
3.0% |
3.0% |
3.0% |
3.0% |
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| Revenue from increased income |
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#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
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| Further savings to be identified |
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0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Budget
gap before reviewing 2007/08 savings yet to |
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#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
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| be firmed up |
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| 2007/08
savings yet to be firmed up (Shortfall if
50% are not |
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600 |
600 |
600 |
600 |
600 |
600 |
600 |
600 |
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| achieved) |
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| Budget gap |
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#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
#REF! |
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| (if above savings not
achieved) |
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| * |
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| CAVEATS |
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| 1) Projections can vary
considerably depending on the levels of increase assumed for: |
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| Inflation
(including pay awards) |
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| Council Tax |
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| Government Support |
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| Fees and Charges |
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| 2) Figures include an
allowance to cover the shortfall if 50% of the unspecified
savings/efficiencies from the 2007/08 exercise are not achieved. |
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| 10 YEAR PLAN v3A |
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| 02/02/10 |
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-170 |
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1.0159 |
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-10454.627 |
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| Borrowing of £1m pa |
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| At 5% interest |
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| and 20 year EIP |
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| Opening balance |
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-1000 |
(950) |
(900) |
(850) |
(800) |
(750) |
(700) |
(650) |
(600) |
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| EIP |
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50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
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| Closing balance |
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-950 |
-900 |
-850 |
-800 |
-750 |
-700 |
-650 |
-600 |
-550 |
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| Interest |
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50 |
47.5 |
45 |
42.5 |
40 |
37.5 |
35 |
32.5 |
30 |
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| Total Debt charge |
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100 |
98 |
95 |
93 |
90 |
88 |
85 |
83 |
80 |
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| Offset for £1m pa |
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100 |
98 |
95 |
93 |
90 |
88 |
85 |
83 |
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100 |
98 |
95 |
93 |
90 |
88 |
85 |
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100 |
98 |
95 |
93 |
90 |
88 |
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100 |
98 |
95 |
93 |
90 |
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100 |
98 |
95 |
93 |
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100 |
98 |
95 |
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100 |
98 |
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100 |
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100 |
198 |
293 |
385 |
475 |
563 |
648 |
730 |
810 |
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