Revenue, Budget and Precept Information

Sefton Council has set a net budget before non-specific Government Grants of £216,064,162 (excluding Parishes) for 2017/2018.  This is £8.7m less than the budget for 2016/2017. The analysis of the Council Tax Requirement and Budget Requirement is provided below:

Sefton MBC Budget Requirement 2016/2017(£m) 2017/2018(£m)
Gross Expenditure on Council Services 555.2 548.6
Gross Expenditure by Levying Bodies 33.8 31.6
Total Gross Expenditure 589.0 580.2
Total Gross Income -364.2 -364.1
Sefton Budget Requirement before non-specific Government Grants (Note 1) 224.8 216.1
Non-Specific Government Grants -12.2 -11.8
Sefton Budget Requirement 212.6 204.3
Less: General Government Grant -63.0 -54.5
Less: Retained Business Rates Income -34.4 -30.0
Less: Collection Fund Surplus - Council Tax -4.5 -2.0
Sefton Council Tax Requirement 110.7 117.8
Council Tax (Band C)
£1,217.93 £1,278.70

Note that in 2017/2018 Sefton will be part of the Liverpool City Region 100% Business Rates Retention Pilot.  As such Retained Business Rates income will increase to £63.0m with a corresponding reduction in General Government Grant to £21.5m.

Note 1: The table below highlights the major variances in the Budget Requirement (before non-specific Government Grants) between 2016/2017 and 2017/2018:

Pay / Price Inflation etc. £m
Pay and Price Inflation Contingency 3.7
Payment of Staff Contractual Increments 1.3
Legislative Changes re Apprenticeship Levy 0.6
  5.6
   
Additional Resources to Maintain and Improve Services  
Increased Provision for Adult and Children's Social Care 0.4
  0.4
   
Service Efficiency and Other Savings  
Savings / Efficiency Measures -9.4
Reduction in Levies -2.2
Use of One-Off Resources -3.1
  -14.7
   
Change in Sefton Budget Requirement -8.7

Sefton Council's Revenue Budget
Sefton's Analysis of General Fund Expenditure & Income for 2017/2018 can be viewed below.

Sefton's Estimated Balances
Sefton’s general revenue balances are estimated to be £7.2m as at 31 March 2017. The 2017/2018 Budget assumes no use of general balances. This excludes reserves held by schools; these are estimated to be £16m as at 31 March 2017.

Capital Investment Plan 2017/2018 - 2019/2020
The Council's Capital Investment Plan for 2017/2018 – 2019/2020 totals £21.949m and is funded primarily from Central Government Allocations, Specific Capital Grants, Capital Receipts and Council Borrowing.  The Plan comprises Locality Services - Commissioned schemes (£9.682m), Schools & Families schemes (£5.598m), Adult Social Care schemes (£3.349m), Inward Investment and Employment schemes (£2.876m) and other schemes (£0.444m).  It should be noted that any resources identified as unspent in 2016/2017 at the year-end will slip into 2016/2017 and some additional resources are yet to be allocated to new schemes in 2017/2018.

Sefton's Employees
The number of employees within Sefton in March 2017 is 6,099 (full time equivalent). The figure in March 2016 was 6,181, i.e. there has been a reduction of 82.  Part of this reduction (40) relates to the closure of St Ambrose Barlow Secondary School in August 2016.