This section provides details about the council's budget for 2019/20.

Each year we agree a budget which involves the identification of pressures for the next year, as well as the identification of savings and efficiencies. 

The council's finances continue to come under significant pressure in unprecedented times of economic uncertainty and declining levels of public sector funding.  Since 2010, the council has had to deliver around £14m in savings due to  the continued reduction in government funding, which had led to much greater reliance from local funding such as from Council Tax and a share of Business Rates.

 

Accounting practice

Local government finance is a complex subject. Financial statements must comply with appropriate accounting codes of practice.

Our financial year runs from 1 April to 31 March.

The borough is planning on spending £92,745m on capital schemes in 2020/21.
A detailed breakdown of our expenditure.