Each financial year we work out spending and income based on our aims, priorities and resources, and use this to set our budget. The remaining balance is funded by a grant from government and a percentage of council tax.
The net budget requirement for 2025/26 is estimated at £21,840,000; an increase of £922,000 (4.4%), on last year’s budget.
The council has achieved a balanced budget, whilst ensuring council tax rises are kept to a minimum.
| Gross expenditure | Total income | Net cost 24/25 | Net cost 23/24 | |
|---|---|---|---|---|
| General fund | £111,424 |
(£89,584,000) | £21,840,000 | £20,918,000 |
| Housing revenue account | £31,506,000 | (£32,695,000) | (£1,189,000) | (£371,000) |