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1. Mole Valley 2010/11 Budget Councillor Ben Tatham Portfolio Holder for Finance and Assets PowerPoint Presentation
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1. Mole Valley 2010/11 Budget Councillor Ben Tatham Portfolio Holder for Finance and Assets

1. Mole Valley 2010/11 Budget Councillor Ben Tatham Portfolio Holder for Finance and Assets

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1. Mole Valley 2010/11 Budget Councillor Ben Tatham Portfolio Holder for Finance and Assets

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  1. 1. Mole Valley 2010/11 Budget Councillor Ben Tatham Portfolio Holder for Finance and Assets

  2. 2. Surrey Councils

  3. 3. MV District Council: • Refuse collection and recycling • 2 sports centres, 2 day centres, Dorking Halls • Planning Policy and Development Control • Building control, Environmental Health and Licensing • Housing and homelessness • Car parking • Street cleaning, graffiti, fly tipping and abandoned cars • Parks and playing fields • Local, National and European elections • Housing and Council Tax benefits - £18m per year • Collect Council Tax and Business Rates • Community alarm and Dial-a-ride

  4. 4. County council: • Roads and verges • Public Transport coordination and subsidy • Education • Social Care • Libraries • Fire and rescue service

  5. 5. The Whole of Mole Valley 2009/10allocation of Council Tax £43.8million (76%) County Council £7.8million (13%) Surrey Police £6.2 million (11%) Mole Valley (including parishes) £57.8 million

  6. 7. Business Rates£35.7m collected in 2008/09 on behalf of central government£3.5m or 9.8% redistributed back to Mole ValleyIn 2008/09, only 44% of business rates collected in Surrey was redistributed back to Councils and the Police

  7. 8. Income and Expenditure 2008/09 MVDC Total Spend: £30m Funded by: Capital Resources (£ 5m) Service Income & Grants (£19m) Net cost £ 6m Funded by: Council Tax £ 6m

  8. 13. New factors increasing costs in 2010/11 • £’000 pa • Loss of car parking income 250 • General price inflation 132 • Increased take up, concessionary fares 120 • Increased energy costs 68 • Reduced Building & Development Control income 66 • Pensions back-funding 43 • Other Costs (Dorking Halls, Pippbrook House, phones) 52 • Loss of investment interest 571 • Total 1,302

  9. 14. The Solution (5% Council Tax increases) Expenditure (without savings) Target Budget (with savings) Total income Reserves £4m Council Tax 5% Govt Grant Interest

  10. 15. 2010/11 Revenue Budget Headlines • Zero % Council Tax increase proposed • 0.5% government grant increase • Interest rates of 2.0% assumed • £1.8m of reserves used to balance the budget • Maintain minimum revenue reserves of £1.3m

  11. 16. 2009-2011 savings - headlines • 2nd year of 3 year savings programme comprising: • 2009/10 service savings of £0.6m pa • 2009/10 Fees & Charges review - £0.4m pa • 2010/11 Options Appraisals savings (on what we do) of £0.5m • Property review - £0.2m pa by 2011/12 • Procurement initiatives - £0.22m pa by 2011/12 • Leisure Centre outsourcing - £0.4m pa by 2011/12 • Business Process Review Programme (how we do things) – • £1m pa saving by 2011/12, £2.3m investment • In total, 3 year savings programme of over £3m

  12. 17. 2010/11 Options Appraisals • £000 • Community Transport – reduce 3 bus days 14 • Handyman – increase charges and charge for materials 5 • Gypsy sites – 3 more pitches 8 • Environmental Health – reduce animal wardens & pest control 46 • Housing – Church Gardens lease 14 • Food & Safety – reduce officer hours 6 • Training & equipment 8 • Parks & open spaces – reduced litter picks, change bedding displays 30 • Depot – rationalise following stock transfer 10 • Sustainability – reduced use of consultants 10

  13. 18. 2010/11 Options Appraisals (cont.) • £000 • Recycling – remove glass bring sites 20 • Street cleaning – reduce leaf clearing and reservation cleans 30 • Communications – reduce MV News issues & officer hours 50 • Leisure development – arts, sports & youth reductions 20 • Grants – reductions for leisure & community groups 20 • Leisure marketing / advertising – budget reduction 5 • Partnerships – budget reduction 5 • Financial Services – treasury management all in-house, reduce audit 36 • Estates – reduce bus shelter repair, charge for street names 17 • Committee Services & IT– cease webcasting 19

  14. 19. 2010/11 Options Appraisals (cont.) • £000 • Policy – reduce emergency planning budget 2 • Facilities – Reduced cleaning and plants 6 • HR – cease South East Employers membership 4 • Economic development – Reduce TCM and visitor information 57 • Building control – increase charges 10 • Conservation – reduce budget 20 • Development Control – misc. savings 13 • Total 484

  15. 20. 2010/11 Capital Programme £8.7m budget, highlights of which are: • Remaining £3.7m on Leatherhead Leisure Centre • £1.3m Affordable Housing • £0.8m asset enhancement and renewal • £0.4m KGV playing fields, Holmwood • £0.4m Leatherhead Night Hostel • £0.4m Brockham Big Field football pavilion • £0.3m Food waste recycling • £0.15m property options appraisals • Approximately £0.8m of ‘new’ additional capital funding added to the programme (none in 2009/10)

  16. 21. Future Financial Threats • Pension Fund – value has fallen and there is a statutory duty to fully fund. • Central Government Funding – regardless of the election result this will almost certainly be cut

  17. 22. Summary • The administration has improved the Council’s budgetary position by over £3m circa 25% of net revenue budget • Because of this and recognising the current economic difficulties of residents and communities, a zero council tax is intended to be set for 2010/11 • The future is difficult but the above demonstrates you can trust us with your money