This section provides details about the council's budget for 2021/22.

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 budget book contains our revenue and capital budgets, together with other key financial information.
The borough is planning on spending £71,878m on capital schemes in 2021/22.
A detailed breakdown of our expenditure.
The General Fund Strategy identifies the three year financial projections for the General Fund budget, demonstrating the sustainability of the Council's financial planning.