Income and savings

Share on Facebook Share on Twitter Share on Linkedin Email this link

Our income equals spend in 2021/22 and includes investment to assist the District in recovering from the pandemic. However in 2022/23 we have a projected deficit of £1.3 million. This could change depending on the outcome of the forthcoming Spending Review.

The level of savings we have made between 2015/16 and 2020/21 are shown below. Each block shows the savings made in each financial year.

Chart showing level of budget savings achieved each year from 2015 to 2020

2015/16

£676,470

2016/17

£461,750

2017/18

£408,050

2018/19

£96,750

2019/20

£552,360

2020/21

£125,120

Total

£2,320,500


We need to find more savings and generate more income, as further cuts to our funding streams are likely. We will ask you to give your views on savings and income ideas in the priorities and budget questionnaire. Your responses will help in setting budgets for 2022/23 and beyond.

Our income equals spend in 2021/22 and includes investment to assist the District in recovering from the pandemic. However in 2022/23 we have a projected deficit of £1.3 million. This could change depending on the outcome of the forthcoming Spending Review.

The level of savings we have made between 2015/16 and 2020/21 are shown below. Each block shows the savings made in each financial year.

Chart showing level of budget savings achieved each year from 2015 to 2020

2015/16

£676,470

2016/17

£461,750

2017/18

£408,050

2018/19

£96,750

2019/20

£552,360

2020/21

£125,120

Total

£2,320,500


We need to find more savings and generate more income, as further cuts to our funding streams are likely. We will ask you to give your views on savings and income ideas in the priorities and budget questionnaire. Your responses will help in setting budgets for 2022/23 and beyond.

Page last updated: 01 October 2021, 16:17