FINANCIAL PLAN - LATEST Rutland County Council OVERALL POSITION AND - - PowerPoint PPT Presentation

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Jul 22, 2023 388 likes •564 views

Rutland County Council BUDGET AND MEDIUM TERM FINANCIAL PLAN - LATEST Rutland County Council OVERALL POSITION AND THE FUTURE Overall Government fundingreduces Rutland County Council So Council tax increasesto fund key services Rutland

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Rutland County Council

BUDGET AND MEDIUM TERM FINANCIAL PLAN - LATEST

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Rutland County Council

OVERALL POSITION AND THE FUTURE

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Rutland County Council

Overall Government funding…reduces

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Rutland County Council

So Council tax increases…to fund key services

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Rutland County Council

But overall funding…has been insufficient to meet inflation and service demands

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Rutland County Council

Significant savings have been necessary…

Year Savings 11/12 3,313,050 12/13 1,193,500 13/14 1,534,500 14/15 889,400 15/16 785,900 16/17 1,022,400 17/18 931,300 18/19 805,600 19/20 1,515,000

Headcount Efficiencies Delivery models Rationalising discretionary spend Income generation Contracts

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Rutland County Council

But future still looks challenging…

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Rutland County Council

REVENUE BUDGET 19/20

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Rutland County Council

19/20 Revenue budget

Draft budget of £36m – invests in key services

– Adult social care - £12.1m – Children social care - £5.4m – Transport and roads - £3.7m – Waste management - £2.5m

Protects services/no cuts to services:

– providing 30 mins free car parking in our town (cost c£10k) – freezing the green waste charge (up to £5 saving per household) – keeping the RF1 bus service running (c£80k pa) – paying more towards the cost of care of vulnerable adults

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Rutland County Council

2.3% increase from 18/19

Restated Budget 2018/19 Pressures & Contingencies Inflation Cost Avoidance Savings Proposed Budget 2019/20 £35,000,000 £35,500,000 £36,000,000 £36,500,000 £37,000,000 £37,500,000 £38,000,000 £38,500,000 £39,000,000 £39,500,000

Budget Movement

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Rutland County Council

Savings of £1.5m help keep increases low…

Placements - £143k - Reduction in caseloads as the

team have succesfully reunited some families

Senior management - £200k - Places restructure

budget removed and Head of Service post in Resources

Road maintenance - £350k - remodeling operations

and a move towards more planned capital maintenance rather than reactive repairs. Capital budget is >£2m.

Green waste income - £78k – greater take up means

bigger contribution towards overheads

Pay budgets - £40k - Savings from reduction acting up,

honoraria expenditure. Plus efficiencies and other savings…….

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Rutland County Council

Budget still represents good VFM…

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Rutland County Council

Budget funding is mainly from Council tax

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Rutland County Council

Taxation implications

Council tax proposal of 2.99% plus 2% for Adult Social

Care – Current Council tax is £31.23 a week for average property – With 4.99% will be £32.79 a week – Extra cost is £1.56 a week – If you are on low income and get support then max you pay per week is £8.20 in total (39p a week more) – Additional funds of £20k available on application for those in financial difficulties

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Rutland County Council

CAPITAL BUDGET 19/20

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Rutland County Council

19/20 Capital budget

Overall project budget of £28m
Key projects

– £10m set aside for Investments that could deliver revenue savings/income – Road maintenance - £2.4m, further £2.5m planned for 19/20 – £2.2m earmarked for Oakham Enterprise Park expansion – £3.2m for expanding Digital Rutland – getting the County connected – £700k – investment in creating Special Education Need places – Over £3m in School infrastructure