Revenue, Budget and Precept Information

Sefton Council has set a net budget before non-specific Government Grants of £232,563,886 (excluding Parishes) for 2018/2019. This is £16.4m more than the budget for 2017/2018. The analysis of the Council Tax Requirement and Budget Requirement is provided below:

Sefton MBC Budget Requirement 2017/2018(£m) 2018/2019(£m)
Gross Expenditure on Council Services 548.6 551.2
Gross Expenditure by Levying Bodies 31.6 33.3
Total Gross Expenditure 580.2 584.5
Total Gross Income -364.0 -351.9
Sefton Budget Requirement before non-specific Government Grants (Note 1) 216.2 232.6
Non-Specific Government Grants -13.0 -10.3
Sefton Budget Requirement 203.2 222.3
Less: General Government Grant -21.6 -24.7
Less: Retained Business Rates Income -61.8 -70.4
Less: Collection Fund Surplus - Council Tax -2.0 -0.7
Sefton Council Tax Requirement 117.8 126.5
Council Tax (Band C)
£1,278.70 £1,355.30

Note 1: The table below highlights the major variances in the Budget Requirement (before non-specific Government Grants) between 2017/2018 and 2018/2019:

Pay / Price Inflation etc. £m
Pay and Price Inflation Contingency 6.7
Payment of Staff Contractual Increments 0.6
  7.3
   
Additional Resources to Maintain and Improve Services  
Increased Provision for Adult and Children's Social Care 3.0
  3.0
   
Service Efficiency and Other Savings  
Savings / Efficiency Measures -8.3
Increase in Levies 1.8
Change in Use of One-Off Resources 8.2
  1.7
   
Funding Transferred into General Government Grant 4.4
   
Change in Sefton Budget Requirement 16.4

Sefton Council's Revenue Budget
Sefton's Analysis of General Fund Expenditure & Income for 2018/2019 can be viewed below.

Sefton's Estimated Balances
Sefton’s general revenue balances are estimated to be £7.2m as at 31 March 2018.  The 2018/2019 Budget assumes no use of general balances.  This excludes reserves held by schools; these are estimated to be £14m as at 31 March 2018.

Capital Investment Plan 2018/2019 - 2019/2020
The Council's Capital Investment Plan for 2018/2019 – 2019/2020 totals £21.703m and is funded primarily from Central Government Allocations, Specific Capital Grants, Capital Receipts and Council Borrowing.  The Plan comprises Locality Services - Commissioned schemes (£7.192m), Schools & Families schemes (£7.711m) and Adult Social Care schemes (£6.800m).  It should be noted that any resources identified as unspent in 2017/2018 at the year-end will slip into 2018/2019 and some additional resources are yet to be allocated to new schemes in 2018/2019.

Sefton's Employees
The number of employees within Sefton in March 2018 is 5,811 (full time equivalent). The figure in March 2017 was 6,099, i.e. there has been a reduction of 288. Part of this reduction (160) relates to the transfer of schools out of local authority control.