The Council’s Revenue and Capital Budgets

Revenue and Capital Budget

Prior to the start of each financial year, the Council is required to set a budget for its day-to-day expenditure. This is called the Revenue Budget and is the amount of money the Council requires to provide its services during the year, taking into account grants it receives from the Government.
Examples of revenue expenditure include staff salaries, building maintenance and the costs of running refuse vehicles.
It is a legal requirement of the Council to set a balanced budget i.e. expenditure cannot be more than the Council’s income.
Capital expenditure is usually spending of a “one-off” nature and results in the construction or improvement of an asset Such as a Council House or car park.
This type of expenditure is paid for by the following means:

  • money set aside from the revenue budget;
  • receipts from selling Council assets, such as land or council houses;
  • special grants from the government for particular projects;
  • loan finance; and
  • contributions from developers or other organisations.

The Council also sets out each year how it will manage its treasury and investment operations.  This report also contains “Prudential Indicators” that show that the Council’s capital spending plans are affordable.

Efficiency Plan

In order to benefit from a four year settlement the Government requires the Council to publish an efficiency plan that sets out the benefits for Government and local tax payers of the Council being guaranteed funding for years.

General Fund Budget

Housing Revenue Account

Treasury Management