Council Tax and Business Rates explained

2017-2018

Where does your money go?

The graph shows how every £1 budgeted is spent:

Graph showing how every £1 budgeted is spent
  • 60p pays for adult and childrens social care and education services
  • 23p pays for housing services, regeneration and environmental services 
  • 17p pays for customer services and community services including libraries, adult education, public protection and transport
  • 1p pays for corporate and support services

Where does the money come from?

The budget required to support the services provided by the council is £100.5million (£103.7million 2016/17). The funding sources for the council budget are detailed below:

Source of funding 2016/17 2017/18

£000  % £000  %
Total budget requirement 103,734 100% 100,475 100%
LESS:  Sources of funding      55,042  53%  47,997  48%
Council Tax requirement excluding Parishes  48,693  47%  52,479  52% 

Budget Table

2016/17
Budget
£000
Services 2017/18
Budget
£000
59,940 Wellbeing 59,996
17,320 Customer and Community Services 16,685
22,823 Regeneration, Housing and Resources 23,052
 3,651 Corporate and Central Services 772
103,734 Budget requirement 100,475
(18,480) Formula Grant (13,180)
(36,562) Other sources of finance (34,816)
48,692 Council Tax requirement excluding Parishes 52,479
 216 Local Parishes 223
48,908 Total Council Tax requirement including Parishes 52,702

How the Budget has changed

  £000 £000
2016/17 Budget   103,734
 Recognised cost pressures and service growth requirements 9,152  
 Savings (12,411)  
 Net reduction in budget   (3,259)
2017/18 Budget   100,475

Payments made for levies and parish precepts

  2016/17
£000
2017/18
£000
Environment agency for Flood Defence* 90.9 93.4
Britwell Parish 58.8 64.5
Colnbrook with Poyle Parish 100.0 101.3
Wexham Court Parish 57.0 57.5

* Flood defence levy is included in the Regeneration, Housing and Resources budget