| Future Years' Budgets, Settlement
Assumptions and associated Council Tax Rates |
| For
Consideration by Council 07 February 2007 |
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|
2006/07 |
2007/08 |
2008/09 |
2009/10 |
|
Estimate |
Projection |
Projection |
Projection |
|
£000 |
£000 |
£000 |
£000 |
| Original Revenue Budget Projection |
|
21,477 |
22,928 |
24,013 |
-- |
| |
|
|
|
|
|
| Projection per MTFS Review Oct 06 (excl.Star Chamber Proposals) |
21,477 |
22,419 |
23,752 |
0 |
| |
|
|
|
|
|
| Amendments: |
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|
|
|
|
| Base budget changes resulting from Budget
review to December 2006 |
-442 |
+115 |
+81 |
+24,919 |
| Further base budget changes per January
Cabinet |
-480 |
+160 |
+169 |
+176 |
| Additional Contributions to (+) / From (-)
Balances |
+1,115 |
-466 |
-311 |
-155 |
| Reassessment of other Reserves and Provisions
per January Cabinet |
-193 |
+29 |
+25 |
+88 |
| Cabinet's further Savings & Growth
Proposals (see Appendix C) |
|
+52 |
+121 |
+122 |
| |
|
|
|
|
|
| Proposed Revenue Budget / Projections |
|
21,477 |
22,309 |
23,837 |
25,150 |
| |
|
|
|
|
|
|
Latest Estimated Government Support (Formula Grant) |
14,472 |
14,932 |
15,231 |
15,535 |
| |
|
|
|
|
|
| Collection Fund Deficit / (-) Surplus |
|
-21 |
-60 |
+0 |
+0 |
| |
|
|
|
|
|
| Amount met by Council Tax |
|
6,984 |
7,317 |
8,606 |
9,615 |
| |
|
|
|
|
|
| Latest Tax Base Estimates |
|
42,650 |
42,950 |
43,150 |
43,350 |
|
|
|
|
|
|
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| COUNCIL TAX IMPLICATIONS : |
|
|
|
|
|
| Band D Average Council Tax
(across district) |
|
£163.76 |
£170.36 |
£199.45 |
£221.79 |
| Percentage Increase Year on
Year |
|
4.6% |
4.0% |
17.1% |
11.2% |
| As Compared with: |
|
|
| Original
Projections for average Council Tax (across district) |
|
£186.39 |
£200.07 |
|
| |
|
|
13.8% |
7.3% |
|
| MTFS Targets |
|
|
£171.82 |
£180.23 |
|
| |
|
|
4.9% |
4.9% |
|
|
|
|
|
|
|
|
|
|
| Non-Parished
Areas (Lancaster, Morecambe & Heysham) |
|
|
|
|
| Equivalent
Band D Average Council Tax (incl. Special Expenses) |
£168.92 |
£175.59 |
£204.76 |
£227.19 |
| Percentage Increase Year on
Year |
|
4.5% |
3.9% |
16.6% |
11.0% |
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| FOR INFORMATION : |
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| The above projections assume a 2% per year increase in
Government Support between 2008/09 & 2009/10. In addition, they now assume an annual
increase of 200 Band D properties on the Tax Base. |
| The Council Tax figures in the shaded boxes relate to the City
Council Tax payable in non-parished areas.
This is not the rate that
the Secretary of State considers when deciding when to use his capping
powers. |
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