Section 1: Part 1 - Budget
The table shows 2023/24 budget compared with 2024/25 budget.
| Description | 2023/24 £000 |
2024/25 £000 |
variance |
|---|---|---|---|
| Employee costs | 79,815 | 85,242 | 7% |
| Premises related costs | 4,945 | 5,167 | 4% |
| Transport related costs | 3,767 | 2,894 | -23% |
| Supplies and services | 7,748 | 8,475 | 9% |
| Establishment costs | 781 | 853 | 9% |
| Support service contracts | 1,090 | 1,119 | 3% |
| Capital financing costs | 3,210 | 4,526 | 41% |
| Transfer from earmarked reserves | (3,044) | (255) | -92% |
| Total spending | 98,310 | 108,020 | 10% |
| Total income | (12,898) | (15,398) | 19% |
| Net revenue budget required | 85,412 | 92,622 | 8% |
| Financed by: | |||
| Formula funding grant | 7,293 | 11,680 | 60% |
| Share of non-domestic business rates | 16,259 | 16,594 | 2% |
| District council collection funds | 61,860 | 64,349 | 4% |
| Total financing | 85,412 | 92,622 | 8% |