Our income and expenditure
Council Tax levels for South Lakeland District Council
| Band | Council Tax level |
|---|---|
| A | £127.09 |
| B | £148.27 |
| C | £169.45 |
| D | £190.63 |
| E | £232.99 |
| F | £275.35 |
| G | £317.72 |
| H | £381.26 |
How our Council Tax requirement is calculated
We estimate the future cost of our services and the degree to which it is offset by income that will be generated by the fees and charges which apply for certain activities.
The net budget requirement of £12,527,600 for 2018 to 2019 is to be met from:
- retained Non Domestic Rates of £3,440,500
- Government grants of £433,500
- offset by a collection fund surplus of £24,500
- income from Council Tax payers of £8,629,100
Our budget takes account of inflation and changes in its fees and charges together with identified trends in actual expenditure and income levels. Net expenditure on services has decreased by £724,000. In addition, the level of central government support through Revenue Support and other general grants has reduced by £279,000. The council has approved a £5 (Band D equivalent) increase in Council Tax as part of setting a balanced budget.
How our budget requirement has changed
| How our budget requirement has changed since last year | £000 |
|---|---|
| Budget requirement for our services 2017 to 2018 | 11,162.3 |
| Reduction to net expenditure (excluding capital charges) | 4.8 |
| Changes to capital charges | -729.2 |
| Changes in Financing Entries and Statutory Accounting Requirements | 1,555.2 |
| Changes in General Fund Balances and Reserves | 534.5 |
| Budget requirement for our services 2018 to 2019 | 12,527.6 |
Our income and expenditure
| Service | Gross expenditure 2017 to 2018 £000 |
Net expenditure 2017 to 2018 £000 |
Gross expenditure |
Income |
Net expenditure |
|---|---|---|---|---|---|
| Neighbourhood Services | 14,099.4 | 6,056.1 | 14,671.7 | -8,398.6 | 6,273.1 |
| Strategic Planning | 9,794.1 | 4,340.5 | 8,456.7 | -4,382.4 | 4,074.3 |
| Policy and Performance | 2,587.4 | 2,359.9 | 2,273.4 | -60.1 | 2,213.3 |
| Resources | 23,273.8 | 3,131.0 | 22,742.6 | -20,140.2 | 2,602.4 |
| Cost of services | 49,754.7 | 15,887.5 | 48,144.4 | -32,981.3 | 15,163.1 |
| How our Council Tax requirement is calculated |
2017 to 2018 £000 |
2018 to 2019 £000 |
|---|---|---|
| Cost of services (net expenditure) | 15,887.5 | 15,163.1 |
| Financing Entries and Statutory Account Requirements | -4,033.6 | -2,478.4 |
| Net increase/(decrease) in General Fund Balances and Reserves | -691.6 | -157.1 |
| Our budget requirement | 11,162.3 | 12,527.6 |
| Non-Domestic Rates | -3,037.3 | -3,440.5 |
| Revenue Support Grant | -249.4 | 0.0 |
| Other Grants | -463.3 | -433.5 |
| Our demand on collection fund | 7,412.3 | 8,653.6 |
| Special expenses (parishes)/Collection Fund Deficit | 916.8 | -24.5 |
| Our Council Tax requirement | 8,329.1 | 8,629.1 |
