Financial Planning Information

The Corporate Plan provides the framework for the council's actions for the years 2004 - 2008.

Financial planning undertaken by the Council ensures resources are used effectively to deliver those priorities identified in the Corporate Plan.

The Councils financial resources comprise revenue; money used to fund daily operations in delivering services and capital; money used to maintain and improve or provide the facilities and equipment used to deliver services.

Revenue resources are derived largely from the Scottish Executive, income from charges for service delivery and Council Tax. Capital comes largely from the Scottish Executive in the form of general and specific allocations of money but can also be obtained from capital receipts e.g. from the sale of surplus land/buildings, the National Lottery and the European Commission.

The Council is also embarking on the use of private investment capital for upgrading schools through the adoption of public / private partnerships.

In order to ensure the effective use of resources financial planning has become increasingly integrated with Service Planning.

Financial planning is particularly well developed for the councils capital resources resulting in the preparation of a rolling three year Capital Programme. This is determined in the context of the Corporate Plan and is reviewed and updated annually.

Further integration of the Council's financial planning processes in terms of its revenue budget is also being developed.