Budget Allocations 2025/26 and changes from 2024/25                                                                                                     Appendix 1

 

2024/25 Adjusted Base        £'000

Inflation   £'000

Service Pressures   £'000

New grant allocations  £'000

 Commitments and Reinvestment  £'000

 VFM & Other Savings £'000

2025/26 Original Budget £'000

Change over adjusted base     £'000

Change over adjusted base            %

Families, Children & Wellbeing

72,456

2,549

6,777

(1,773)

31

(2,458)

77,582

5,126

7.07

Homes & Adult Social Care

122,511

5,313

8,391

(5,866)

-

(9,256)

121,091

(1,421)

(1.16)

City Operations

47,113

1,281

6,216

(5,519)

472

(1,782)

47,781

669

1.42

Corporate Support Services

29,572

757

2,327

-

700

(1,291)

32,065

2,494

8.43

Total Directorate Spending

271,652

9,898

23,711

(13,158)

1,203

(14,787)

278,519

6,867

2.53

Housing Benefit Subsidy

399

-

300

-

-

-

699

300

75.19

Bulk Insurance Premia

4,137

61

-

-

150

-

4,348

211

5.10

Capital Financing Costs

7,997

-

-

-

4,631

-

12,628

4,631

57.91

Corporate VFM Savings

(2,498)

(72)

-

-

-

(1,102)

(3,672)

(1,174)

47.00

Contingency and Risk Provisions

(1,023)

23

-

-

7,262

-

6,262

7,285

(712.12)

Unringfenced Grants

(32,150)

-

-

(2,265)

5,300

-

(29,115)

3,035

(9.44)

Levies to External Bodies

242

7

-

-

-

-

249

7

2.89

Other Corporate Budgets

(3,437)

(103)

-

-

100

-

(3,440)

(3)

0.09

NET REVENUE EXPENDITURE

245,319

9,814

24,011

(15,423)

18,646

(15,889)

266,478

21,159

8.62

Contributions to/ from(-) reserves

1,399

-

-

-

(3,058)

-

(1,659)

(3,058)

(218.58)

BUDGET REQUIREMENT

246,718

9,814

24,011

(15,423)

15,588

(15,889)

264,819

18,101

7.34

Funded By:

 

 

 

 

 

 

 

 

 

Revenue Support Grant

8,453

 

 

 

 

 

8,789

336

3.97

Business Rates Local Share

54,152

 

 

 

 

 

60,519

6,367

11.76

BRR Tariff/top up

1,648

 

 

 

 

 

1,666

18

1.09

Business Rates Collection Fund surplus/(deficit)

(1,453)

 

 

 

 

 

(1,575)

(122)

8.40

Council Tax Collection Fund surplus/(deficit)

(1,174)

 

 

 

 

 

(2,204)

(1,030)

87.73

Council Tax

185,092

 

 

 

 

 

197,624

12,532

6.77

Total

246,718

 

 

 

 

 

264,819

18,101

7.34