The net budget requirement for 2022/23 is estimated at £18,805,000, an increase of £1,241,000 (7%), on last year’s budget. 50% will be funded by NNDR and government grants as shown in the budget summary table.
The council has achieved a balanced budget, whilst ensuring council tax rises are kept to a minimum.
Service costs breakdown
| Service | Gross expenditure | Total income | Net cost 22/23 | Net cost 21/22 |
|---|---|---|---|---|
| General fund | £98,839,000 | (£80,034,000) | £18,805,000 | £17,563,000 |
| Housing revenue account | £26,123,000 | (£27,043,000) | (£920,000) | £116,000 |