Westmorland and Furness Income & Expenditure

Westmorland and Furness Income and Expenditure

Council Tax levels for Westmorland and Furness Council

Band	Council Tax Amount
A	1,160.59
B	1,354.03
C	1,547.46
D	1,740.89
E	2,127.76
F	2,514.62
G	2,901.49
H	3,481.78

How our Council Tax Requirement is calculated

We estimate the future cost of our services and the degree to which it is offset by income that will be generated by the fees and charges which apply for certain activities.

Revenue Budget Summary 2022/23 2023/242024/252025/262026/272027/28Restated Budget BudgetBudgetBudgetBudgetBudget£m £m£m£m£m£m224.03Net Budget268.478262.82268.642274.601280.697 Sources of Finance: (-7.436)Revenue Support Grant(-8.451)(-8.62)(-8.793)(-8.969)(-9.148)(-21.249)General Grants(-25.788)(-25.141)(-25.141)(-25.141)(-25.141)(-51.224)Retained Business Rates(-56.682)(-57.816)(-58.972)(-60.152)(-61.355)0.000(Surplus)/Defecit on Business Rates Collection Fund0.6170.0000.0000.0000.0000.000(Surplus)/Defecit on Council Tax Collection Fund0.5260.0000.0000.0000.0000.000Additional Government Support(-26.000)0.0000.0000.0000.0000.000Second Homes Premium0.000(-10.103)(-10.305)(-10.511)(-10.721)(-79.909)Total Sources of Finance:(-115.778)(-101.68)(-103.211)(-104.773)(-106.365) 144.121Total Council Tax Requirement152.7161.14165.431169.828174.332 n/aDivide by Council Taxbase (revised as per Local Council Tax Support Schemes)87,71488,16388,73689,30789,878 £1658.15Council Tax per Band D Property£1,740.89£1,827.76£1,864.32£1,901.61£1,939.64 General Percentage Council Tax Increase2.99%2.99%2.00%2.00%2.00%n/aAdditional Precept for Adult Social Care2.00%2.00%0.00%0.00%0.00%n/aPercentage Council Tax Increase4.99%4.99%2.00%2.00%2.00%

Budget requirements for previous years for the legacy Authorities can be found here:

Cumbria County Council

Barrow in Furness Borough Council

Eden District Council

South Lakeland District Council

Our Income and Expenditure

Our Income and expenditure for 2023-24

Revenue Budget Summary 2022/23 2023/242024/252025/262026/272027/28Restated Budget BudgetBudgetBudgetBudgetBudget£m £m£m£m£m£m Directorate Budgets: 4.615Chief Executive and Assistant Chief Executive4.7154.6154.6154.6154.61560.454Adult Services58.32458.54658.54658.54658.54647.362Children's Services52.92552.92552.92552.92552.92519.751Enabler Services22.64722.66222.81722.81722.81737.44Thriving Places37.23842.41942.5542.8742.8711.359Thriving Communities11.37411.37411.37411.37411.3742.568Locality Boards2.5682.5682.5682.5682.56836.06Resources (incl Treasury Management)41.81648.085498.30048.79849.0910.000Transformation, Integration and Improvement16.5005.0000.0000.0000.000219.609Service Expenditure248.107248.194693.695244.513244.806 Corporate Budgets: 0.457Precepts Paid0.4570.4570.4570.4570.4570.163Pay and Inflation19.64227.43235.00441.31349.8770.62Total Corporate Budgets20.09927.88935.46141.77050.334 3.158Savings to identify0.000(9.911)(13.585)(13.778)(15.086) 0.643Transfers to & (from) Earmarked Reserves0.272(3.352)2.0712.0960.643 224.03Net Budget268.478262.820268.642274.601280.697

Contact details:

• Contact: Customer Services, Council Tax
• Email: counciltax1@westmorlandandfurness.gov.uk
• Telephone: 01229 404242
• Address: Town Hall, Duke Street, Barrow in Furness, Cumbria La14 2LD