Finance factsheet 2009/10

HTML Source EditorWord wrap

What is the Woking Borough Council budget for 2009/10?

  £ millions
Planned investment during the year £50
Planned expenditure on Services (see below) £84
Income to be received (see below) £69
Amount to be met by Government funding and Council Tax £15
Government support through Revenue Support Grant and
Business Rates 		 £6.7
Amount to be paid for by Council Tax £8.1
Increase in amount to be met from Council Tax since 2008/09  £0.35

Back to top

How much is Council Tax?

 Band Surrey County Council  Surrey Police Authority  Woking Borough Council  Total 
A 726.12 131.40 133.20  990.72 
B 847.14 153.30 155.40 1,155.84
C 968.16 175.20 177.60  1,320.96
D 1089.18 197.10 199.80 1,486.08
E 1331.22 240.90 244.20 1,816.32
F 1573.26 284.70 288.60 2,146.56
G 1815.30 328.50 333.00 2,476.80
H 2178.36 394.20 399.60 2,972.16
 Total amount of Council Tax to be collected in the year £60 million
 Total amount of Business Rates to be collected in the year £45 million

Back to top

Where does your Council Tax go?

  £ millions 
Woking Borough Council £8.1
Surrey County Council services £43.9
Surrey Police £8.0
Total £60

Back to top

Planned expenditure on Woking’s services

  £ millions
Corporate and democratic processes (includes civic functions,
members’ services, elections and marketing)		 £4.5
Local Economy (includes promoting the local economy, property management and the market)  £2.0
Tax Collection  £1.0
Transport and Parking  £5.3
Environmental Management (includes grounds maintenance, street cleansing, and planning) £4.4
Public Safety and Protection (includes building control, community safety, food and health and safety, licensing and local land charges) £1.8
Refuse and Recycling  £3.6
Housing and Council Tax Benefits  £22.2
Grants to Voluntary and Community Organisations £0.8
Housing £19.7
Personal Social Services (includes Careline, Community Meals and Brockhill Extra Care)  £1.1
Recreation and Culture £10.1
Other items  £7.8
Total £84.3

Back to top



Where does our income come from?

   £ millions
Reserves £4.5
Interest and surpluses £2.8
Other income £2.8
Sales, fees and charges £14.7
Government grants £22.3
Commercial and housing rents £22.4
Total income beofre Government Funding and Council Tax £69.5
Revenue Support Grant and Business Rates £6.7
Council Tax £8.1
Total income £84.3 

Back to top



Why our budget has changed

The amount that needs to be raised from Council Tax and Government funding to pay for Woking Borough services in 2009/10 is £14.8 million. The amount to be raised from Council Tax for Woking Borough services in 2009/10 is £8.1 million - this is an increase of £348,000 over the 2008/09 budget after taking into account the Council Tax surplus from previous years. Band D 2009/10 for Woking services is £199.80.  This is a £9.18 or 4.82% increase compared with  2008/09.

Reasons for the £348,000 increase

Inflation £1,274,000
Service costs experience contractual inflationary pressures.

Reductions in income £570,000
A number of income budgets have been reduced as income is forecast to be less than in 2008/09.  The largest of these are income from land charges (£327,000) and rental income (£97,000).

Increase transfer to reserves £340,000
The transfer to reserve has been increased in order to maintain an acceptable level of reserves during 2009/10.

Increased asset financing costs £222,000
This reflects higher borrowing by the Council to finance its Investment Programme in 2009/10.

Cost reductions -£1,243,000
In order to keep the Council tax increase for Woking's services to a minimum a number of cost reductions have been achieved.  Budgets for employee costs have been reduced by over £1 million.

Increased income from fees, charges and commercial rents -£761,000
Services have budgeted to achieve additional income from fees and charges. Commercial rents are reviewed in accordance with leases.

Changes in government funding and grants and previous years Council Tax Surplus -£54,000
The Council will receive a 0.5% increase in general Government subsidy.

Back to top

Becoming more efficient

An efficiency saving occurs when the cost of an activity falls but its effectiveness is not reduced.  Efficiencies are counted after taking into account the cost of achieving the saving.  For Woking many of the employee savings secured will not count as efficiencies in the first year as they are offset by redundancy and pension costs.  The baseline expenditure includes expenditure on one-off projects and housing.

Back to top

Forecast efficiencies achieved since April 2008

   

 %of 2007/08 spend

 Saving per Band D dwelling 

National average for similar authorities 
Woking Borough Council 

 £256,000

0.6% 

£6 

£22 
 Surrey County Council (excluding Fire and Rescue)

 £24,500,000

 4.4%

 £50

 £53
 Surrey County Council (Fire and Rescue Service)

 £1,199,000

 2.7%

 £2

 £2