Where your money goes
| Revenue Budget || 2014/15 |
| 2015/16 |
|Employees ||56,647 ||55,841 |
|Running expenses ||15,617 ||15,781 |
|Capital financing ||7,062 ||12,630 |
|Transfer to reserves ||-4,133 ||-9,861 |
| Gross revenue expenditure || 75,193 || 74,391 |
|Service income ||-4,672 ||-4,416 |
| Net budget requirement || 70,521 || 69,975 |
| Financed by: |
|Council Tax ||39,746 ||41,254 |
|Collection fund surplus ||185 ||645 |
|Grant from Government ||30,590 ||28,076 |
| || 70,521 || 69,975 |
Our budget for 2014/15
This Authority continues to face many challenges in the current economic climate, to ensure that it has sufficient resources to deliver a good quality and effective service to the people of Kent and Medway. This Authority continues to be proactive and forward-thinking with regard to the efficiency of its service delivery and has therefore been successful in delivering significant financial savings over recent years, some of which have been re-invested to facilitate the purchase of new vehicles, operational equipment and also to help fund the station-build programme. To ensure that this is sustainable over the medium term, and in light of the responses to the Council Tax consultation exercise, the Authority has increased its Council Tax by 1.95%, which equates to an increase of £1.35 to a Band D property (an increase of just over 2.5 pence per week) making a Band D Council Tax £70.65 per annum.
Day to day budget (Revenue)
For 2015/16 the Authority has a net budget requirement by £69.9m. However, to fund potential commitments and pressures of £2.2m, such as pay and price increases, the Authority needs to find over £2.7m of savings. Most of these savings will be found through natural wastage as staff retire and vacancies are not filled. Other non pay savings will arise as contracts are reviewed and processes are streamlined, generating cash savings.
In 2015/16 the Authority plans to spend £12m on capital assets, including new fire stations at Chatham and Rochester together with a Road Safety Experience at the Rochester site. The purchase of 29 new medium sized fire appliances is already underway, with nearly half of the costs falling in 2015/16 and the balance will be paid in 2016/17 as the appliances are delivered. Other projects include property improvements and maintenance, information and communication systems, vehicles and operational equipment. The Authority plans to pay for this work through a combination of contributions from the revenue budget, capital grants and receipts from the sale of property.