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It is important that our financial plans provide a firm foundation from which we can meet the priorities set out in this corporate plan.
Our two main sources of funding for general services are government support (82%) and Council Tax (18%). We have developed financial arrangements to fit with the Scottish Executive's spending plans. We manage and maintain housing stock through income we receive from rents.
Our current financial plan covers the three-year period from 1 April 2003 to 31 March 2006. During 2005 we will publish the plan to cover the period from 1 April 2005 to 31 March 2008.
The main commitments set out in the financial plan are to:
- carefully manage our finances so we can make effective plans;
- restrict Council Tax increases to 3.5%;
- restrict housing rent increases to 4%; and
- continue to make savings through being more efficient, so we can invest more in frontline services.
For the 2004-2005 financial year, our revenue budget of £711.2 million for general services and housing is made up as follows.
|
Service |
Amount |
|
Education |
£288,600,000 |
|
Social Work |
£126,400,000 |
|
Community Services |
£79,400,000 |
|
Planning & Environment |
£44,300,000 |
|
Housing & Property Services & others |
£91,200,000 |
|
Joint Boards |
£81,300,000 |
|
Total |
£711,200,000 |
The Scottish Executive is developing a new system to give councils more flexibility to borrow according to local needs and resources.
Over the period of the corporate plan, we have targeted capital investment (spending on assets) as follows.
- General services £204.1 million
- Housing £163.3 million
The following tables set out where we are making investments.
General services
|
Area of investment |
2004/2005 |
2005/2006 |
2006/2007 |
2007/2008 |
|
Upgrading & improving council facilities |
£27,183,000 |
£23,819,000 |
£24,150,000 |
£24,150,000 |
|
Housing & the environment |
£5,660,000 |
£6,080,000 |
£6,200,000 |
£6,200,000 |
|
Community safety & development |
£10,700,000 |
£10,731,000 |
£9,500,000 |
£9,500,000 |
|
Business & the economy |
£8,100,000 |
£6,090,000 |
£7,500,000 |
£7,500,000 |
|
Developing the organisation |
£3,250,000 |
£2,522,000 |
£2,650,000 |
£2,650,000 |
|
Total |
£54,893,000 |
£49,242,000 |
£50,000,000 |
£50,000,000 |
Housing revenue account
|
Area of investment |
2004/2005 |
2005/2006 |
2006/2007 |
2007/2008 |
|
Estate regeneration |
£4,512,000 |
£3,350,000 |
£2,000,000 |
£2,000,000 |
|
Energy efficiency |
£12,605,000 |
£11,201,000 |
£10,838,000 |
£10,838,000 |
|
Major repairs |
£13,201,000 |
£12,049,000 |
£10,821,000 |
£9,821,000 |
|
Home safety and security |
£5,062,000 |
£3,906,000 |
£3,630,000 |
£3,250,000 |
|
Internal upgrading |
£2,007,000 |
£4,007,000 |
£6,486,000 |
£7,486,000 |
|
Community care and homelessness. |
£0,340,000 |
£0,340,000 |
£0,340,000 |
£0,340,000 |
|
Others |
£5,573,000 |
£5,611,000 |
£5,674,000 |
£5,965,000 |
|
Total |
£43,300,000 |
£40,464,000 |
£39,789,000 |
£39,700,000 |
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