Waverley Borough Council Home Page Waverley Borough Council Home Page


Waverley Borough Council Committee System - Committee Document

Meeting of the Executive held on 11/01/2005
Budget Strategy 2005/2006



Summary & Purpose
This report updates the Executive on the latest position regarding the General Fund Budget. It contains proposals for reductions in expenditure including staffing reductions and also some increases in income. The Executive is requested to give consideration to these measures in order to reduce the Budget shortfall resulting mainly from the Government’s capping regime compounded by the adverse Financial Settlement.

The proposals from the Executive will be the subject of consideration by meetings of the Overview and Scrutiny committees during January and February. The Executive will give final consideration to the Budget on 7th February, including the comments reported from the Overview and Scrutiny meetings, before making recommendations to Council on 22nd February.

Quality of Life Implications
Natural Resource Use
Pollution Prevention and Control
Biodiversity and Nature
Local Environment
Social Inclusion
Safe Communities
Local Economy
Natural
Resource Use
Pollution
Prevention and Control
Biodiversity
and Nature
Local
Environment
Social
Inclusion
Safe, Healthy
and Active
Communities
Local
Economy
Positive
Positive
Positive
Positive
Positive
Positive
Positive


- 7 –


E-Government implications:

The Estimates contain budgets to enable the delivery of Waverley’s E-Government Strategy.

Resource and legal implications:

There are no specific legal implications as a result of this report. Resource implications are contained throughout the report.


Introduction

1. The draft 2005/2006 General Fund Revenue Estimates were presented to the Executive on 7th December 2004. Members are requested to refer to the detailed Estimates contained at Annexe 1 to the Budget Item for that meeting and to bring these papers to the meetings in January.

The Revenue Support Grant Settlement

2. The provisional Revenue Support Grant Settlement for 2005/2006 was announced on 2nd December.

3. The Government stated that the minimum increase for each shire district is 2.5% and this increase in the Revenue Support Grant for Waverley on the adjusted 2004/2005 figures is 155,000. However, this will be offset by the loss of Waverley’s transitional grant estimated at 110,000.

4. The consequence of the provisional Settlement is that the Government is saying that they have given all District Councils at least a 2.5% increase in their funding. However, in reality, Waverley is receiving additional grant of just 45,000, which is less than 1%.