Council Tax and Business Rates explained

2016-2017

Where does your money go?

The graph shows how every £1 budgeted is spent:

Graph showing how every £1 budgeted is spent
  • 58p pays for adult and childrens social care and education services
  • 22p pays for housing services, regeneration and environmental services 
  • 17p pays for customer services and community services including libraries, adult education, public protection and transport
  • 3p pays for corporate and support services

Where does the money come from?

The budget required to support the services provided by the council is £103.7million (£107.5million 2015/16). The funding sources for the council budget are detailed below:

Source of funding 2015/16 2016/17

£000  % £000  %
Total Budget Requirement 107,463 100% 103,734 100%
LESS:  Sources of funding     62,334  58% 55,042  53%
Council Tax Requirement excluding Parishes 45,129  42% 48,693  47%

Budget Table

2015/16
Budget
£000
Services 2016/17
Budget
£000
61,590 Wellbeing 59,940
16,813 Customer and Community Services 17,320
25,601 Regeneration, Housing and Resources 22,823
3,459
Corporate and Central Services 3,651
107,463 Budget requirement 103,734
(23,809) Formula Grant (18,480)
(38,525) Other sources of finance (36,562)
45,129 Council Tax requirement excluding Parishes 48,693
198 Local Parishes 216
45,327 Total Council Tax requirement including Parishes 48,909

How the Budget has changed

  £000 £000
2015/16 Budget   107,463
 Recognised cost pressures and service growth requirements 6,396
 
 Savings (10,125)  
 Net reduction in budget   (3,729)
2016/17 Budget   103,734

Payments made for levies and parish precepts

  2015/16
£000
2016/17
£000
Environment agency for Flood Defence* 88.0 90.9
Britwell Parish 48.4
58.8
Colnbrook with Poyle Parish 94.1 100.0
Wexham Court Parish 55.3 57.0

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