1. Budget Time Again! Budget Consultation 28th August to 20th October 2017
Alison Turner CPFA Group Manager Finance (Section 151 Officer) October 2017

2. Annual Budget Consultation
Summary of Last Years Consultation
1,474 completed forms, higher than previous year.
Overall satisfaction up at 75.7%
45.1% said Council Tax represented VFM, down slightly (40.2% didn’t know?)
Waste Collection, Recycling and Emergency Response (Flooding) most important services.
24% were in favour of reducing/stopping services rather than increasing Council Tax (46.7% against)
71% in favour that SDC should charge to cover service provision rather than subsidise

3. How much of a typical band D Council Tax demand does SDC get
SDC is the billing authority for the area and collects the following;
Typical band D bill £ 1,595.06
Somerset County Council £ 1,124.79
Avon & Somerset Police £
Devon & Somerset Fire & Rescue £
Parishes £
Sedgemoor District Council £
(Includes £1.80 for Somerset Rivers Authority Precept)

4. How each £ of Council Tax paid is shared out

5. Sedgemoor District Council What do we spend
Figures are 2017/18 Budgets (approved 22nd Feb 2017)
Annual net budget General Fund (non- housing)
£18.5 million
Capital programme
£1.7 million General Fund

6. Where we spend our money (£million)
Other is

7. Main Funding of Net Expenditure

8. Future Settlement Funding Assessment (SFA)
Four year settlement offered in finance settlement – Efficiency Plan
Revenue Support Grant disappears by 2020/21
Business Rates baseline increased in line with inflation figures given in finance settlement (system will change 2019/20)

9. Main Funding of Net Expenditure
Business Rates
Increase in the multiplier 3.22%
Growth 1%
100%Business Rates Retention Consultation
Business Rates Pooling – gain 16/17 £515k
– gain est 17/18 £500k
Council Tax
SDC tax rise £5 - referendum limit
Tax base 1.5%, 1% for the following years
Somerset Rivers Authority Contribution/Precept
Drainage Board Levies £1.3 million (£33.69 Band D, 22%)

10. New Homes Bonus
Reward for each additional dwelling- originally 6 years
2017/18 5 years
2018/19 onwards 4 years
Growth baseline no payments for first 0.4% = 200 Band D
Number of new homes based on housing trajectory
29% of NHB used for Revenue 17/18, 45% 18/19 thereafter

11. Issues - National & Local
Local Issues
Service and resource implications of the Hinkley Point C project
Implications of County savings
The National Picture
Future of Local Government Funding
Future of New Homes Bonus
Implications of Universal Credit
Land Registry Reforms
Brexit

12. Estimated General Fund Funding Gap over 5 years
Minimum Balances £1.5million

13. Adjusted Medium Term Savings Plan
The funding gap per annum is still £166k

14. Balancing the Medium Term Budget :
Continuation of the Resource Allocation Panel (RAP)
No additional budgetary provision for inflationary increases on contracts/purchases
Explore opportunities for efficiency reductions through new ways of working as part of the Customer Access Programme
Shared Services Agenda, where the business case demonstrates savings without impacting on service levels.
Continue to use a percentage of New Homes Bonus to fund revenue figures. Currently 45% is funding revenue.

15. Budget Timetable 2018/19 * 2016/17 Outturn Position 23rd June a
Carry Forward report
Initial MTFP
2nd Aug
Budget Consultation
28th Aug-20th Oct
Continue Work on budget proposals
Ongoing
Consultation with Trade Unions
November
Full MTFP to Executive
22nd Nov
Budget Consultation Results to Executive
Capital Programme
20th Dec
Leaders High Level Budget Proposals
Scrutiny of Leaders Proposals
3rd Jan
Tax and Rent Set Executive
7th Feb
Tax and Rent Set Council
20th Feb

16. QUESTIONS?