Results of the District and Parish elections are now available

Capital and revenue budget

Each February we have to set a budget for day-to-day spending for the financial year starting on 1st April. This is the revenue budget and sets out how much money we need to provide our services during the year.

By law we have to set a balanced budget: spending can’t be more than our income.

We set a capital budget each year setting out the cost of the capital programme for future years.

This is an agreed list of capital projects that are usually "one-off" and money spent typically happens over more than one financial year. Capital spending goes on areas like construction, acquisition or improvement of an asset such as a building or other community facility.

Capital spending is paid for from the money raised selling council assets such as surplus land or buildings (capital receipts), interest received on investments, contributions from building developers and specific government grants and affordable borrowing.

We also have to keep a separate Accounts for Housing Services called the Housing Revenue Account (HRA).

General Funding and Housing Revenue Account