1 / 24

Budget Consultation 2007-08

Budget Consultation 2007-08. Public Consultation Meeting January 2007. Agenda. Presentation on the council’s financial position for 2007/08 Presentation of feedback from Stage 1 consultation Questions and answers. 2007/08 GOVERNMENT GRANT SETTLEMENT. Main Features

thomas-phelps
Télécharger la présentation

Budget Consultation 2007-08

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Budget Consultation2007-08 Public Consultation Meeting January 2007

  2. Agenda • Presentation on the council’s financial position for 2007/08 • Presentation of feedback from Stage 1 consultation • Questions and answers

  3. 2007/08 GOVERNMENT GRANT SETTLEMENT Main Features • Separate grant funding for schools • 2 year grant announcements for 2006/07 and 2007/08 – no changes made to 2007/08 by Government • Grant floors to protect losers, paid for by grant gainers • Capping of council tax increases at 5% • Debate about sufficient Government funding

  4. 2007/08 GOVERNMENT GRANT SETTLEMENT Headline National Figures 2007/08 • Total grant £65.7bn + 4.9% of which :- • Schools grant £28.1bn + 5.8% • Specific grants £16.0bn + 4.7% • Formula grant £21.6bn + 3.7% Formula grant is the Government’s funding towards general local government expenditure – the other component is council tax

  5. 2007/08 GOVERNMENT GRANT SETTLEMENT Impact on Salford (1) 2007/08 • Formula grant £115.6m + 4.3% compares with : • Nationally + 3.8% • Metropolitan districts + 3.5% • Greater Manchester 3rd highest

  6. 2007/08 GOVERNMENT GRANT SETTLEMENT Impact on Salford (2) 2007/08 Funding Available • Formula grant £115.6m • Council tax with a 3% increase £ 81.7m • Collection Fund surplus £ 0.9m • Total £198.2m

  7. SALFORD’S SPENDING PLANS 2007/08 (1) Budget 2006/07 £189.2m Add : effects of inflation and other costs £ 12.2m 2006/07 spending pressures continuing £ 2.9m equal pay costs £ 1.5m Continuation of service budget £205.8m Efficiencies £ - 8.3m Expansion of service provision £ 0.7m Total spending plans for 2007/08 £198.2m Resources £198.2m

  8. SALFORD’S SPENDING PLANS 2007/08 (2) Inflation/other costs add £12.2m or 6.5% to spending plans - Why ? • Pay awards (2%) and increments £3.4m + 1.8% • Price inflation £5.3m + 2.8% • Pension contribution rate increase + 1% £1.0m + 0.5% • Cost of interest and repayment of new borrowing £0.5m + 0.3% • Reversal of contribution from reserves in 2006/07 £2.0m + 1.1% NB. Price inflation has needed to cover extraordinary increases for : electricity 70%, water 12.5%, waste disposal 13%,insurances 5% 2.5% is allowed for all other unavoidable increases No increase is allowed for general supplies and services

  9. SALFORD’S SPENDING PLANS 2007/08 (3) Spending Review Has identified the need to invest in the following priorities:

  10. SALFORD’S SPENDING PLANS 2007/08 (4)Choices We are awaiting funding decisions from Government that would provide the necessary revenue for priority service expansion: • Local Authority Business Growth Incentive Scheme • Capitalisation of cost of Equal Pay claims If unsuccessful should the Council: • Reduce expenditure to keep to a 3% Council Tax increase? • By limiting service expansion spending plans? • By seeking further efficiencies? and/or • By cutting services? • Increase Council Tax by more than 3% to keep budget for service expansion? • Each additional 1% increase gives £800,000 revenue • But cannot go above the Government’s cap of 5%

  11. SALFORD’S SPENDING PLANS 2007/08 (5) The Council’s Preferences • Council tax increase to be around 3% • To avoid cuts in service • To provide for growth in priority services • To redirect efficiencies wherever possible into service improvement and growth • To maintain its financial health

  12. Budget Consultation2007-08 Results of Stage 1 consultation

  13. BUDGET CONSULTATION 2007/08 – STAGE 1

  14. BIG LISTENINGThe top six council services on which people would like MORE money spent are:

  15. BIG LISTENINGThe top six services on which people would like LESS money spent are :

  16. BIG LISTENINGThe views of the public on various council tax options were :

  17. BIG LISTENINGThe overall satisfaction with council services was :

  18. BUDGET CONSULTATION DATABASEThe top six council services on which people would like MORE money spent are:

  19. BUDGET CONSULTATION DATABASEThe top six services on which people would like LESS money spent are:

  20. BUDEGT CONSULTATION DATABASEThe views of the public on various council tax options were :

  21. BUDGET CONSULTATION DATABASEThe overall satisfaction with council services was :

  22. YOUNG PEOPLEThe top six services on which young people would like MORE money spent are :

  23. YOUNG PEOPLEThe top six services on which young people would like LESS money spent are :

  24. YOUNG PEOPLEWhat do you think is the most important issue that the council should address to improve the quality of your life in the city

More Related