A diagram showing spending plans for 2018/19

Financial targets are set for all the areas of activity that are undertaken by the County Council.

Day-to-day expenditure and income are referred to as revenue and investment in assets is referred to as capital.

Elected members approve all budgets of the Authority and throughout the year monitoring of expenditure and income is undertaken to ensure that spending remains under control.

The funding for the budget currently comes from several sources including council tax, business rates and government grants, fees and charges. Over the past seven years (2011/12 to 2017/18) the County Council’s funding from government has been cut by 76% in real terms and savings of just over £230 million have been made.

In 2018/19 government funding (core funding) for the County Council is expected to reduce from £128.3 million in 2017/18 to £115.2 million in 2018/19. This is a reduction of £13.1 million or 10.2%. Although this is in line with the four-year settlement announced in 2016/17 it is still a significant reduction to our funding at a time when there are huge pressures on social care services.


Revenue and capital outturn

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