Where your money goes
| Revenue Budget || 2012/13 |
| 2013/14 |
|Employees ||58,532 ||56,647 |
|Running expenses ||14,197 ||15,617 |
|Capital financing ||7,018 ||7,062 |
|Transfer to reserves ||1,205 ||-4,133 |
| Gross revenue expenditure || 80,952 || 75,193 |
|Service income ||-7,534 ||-4,672 |
| Net budget requirement || 73,418 || 70,521 |
| Financed by: |
|Council Tax ||43,494 ||38,263 |
|Collection fund surplus ||120 ||124 |
|Revenue support grant ||29,804 ||19,570 |
|Business rate retention || |
| || 73,418 || 70,936 |
Our budget for 2013/14
As part of the Government’s deficit reduction scheme Fire and Rescue Authorities are expecting to face average cuts of 25% in government funding over the four year period from 2011/12 to 2014/15, with the largest reductions in funding due in 2013/14 and 2014/15. In addition, the Autumn Statement also announced a further cut of 2% in 2014/15. Despite the challenging financial environment, this Authority continues to ensure that its budget plans support the objectives set out in the IRMP and Corporate Plan. The medium term plans are business focused, service led and sustainable over the medium.
Day to Day budget (Revenue)
For 2013/14 the Authority has reduced its net budget requirement by just over £2.4m. However, to fund potential commitments and pressures of £1.9m, such as pay and price increases, this means that the Authority needs to find over £4.3m of savings, after using the council tax freeze grant income. Most of these savings will come from the Infrastructure programme. This means that for the fourth consecutive year, the Authority will keep its Council Tax at £67.95 (Band D property).
In 2013/14 the Authority plans to spend £12.5m on capital assets, such as the development and new build of five new fire stations, property improvements and maintenance, information and communication systems, vehicles and operational equipment. The Authority pays for this work through a combination of borrowing, revenue contributions from the revenue budget, capital grants and receipts from the sale of property.