| Reasons for change in budget requirement and effect on council tax | £m | |
|---|---|---|
| Budget requirement 2023/24 | 604.3 | |
| Changes to gross expenditure | Children’s Social Care pressures | 13.3 |
| Adult Social Care pressures | 32.7 | |
| Highways Contract cost increases | 3.0 | |
| Transport pressures | 3.2 | |
| Pay Award inflation | 8.8 | |
| Other pressures | 6.8 | |
| Changes to gross income | Waste Management savings | -1.6 |
| Energy savings | -4.5 | |
| Other Service savings and increased income | -9.9 | |
| Increase in Service grants | -10.3 | |
| Total change in services | 41.5 | |
| Decrease in use of reserves | 8.3 | |
| Budget requirement 2024/25 | 654.1 | |
| Changes to funding | Increase in business rates funding | -11.3 |
| Increase in government grants | -15.8 | |
| Increase in council tax | -22.7 | |
| Total change in funding | -49.9 | |
Notes:
- Council tax increase of 2.0% (Adult social care precept) to support adult social care pressures
- Council tax increase of 3.0% (general) to support other service net pressures
- Total council tax increase of 5.0% (4.99%)
- The use of a minus (-) in front of a figure shows that either additional income will be received or that reserves will be used to support our spending