Why The Council's Budget Has Changed Between 2023/24 And 2024/25
| Explanation of the change in the Council's Revenue Budget | £m |
|---|---|
| RMBC Net Budget requirement for 2023/24 | 302.18 |
| Increase in gross expenditure for Council Tax borne services | 37.33 |
| Increase in Income | -13.46 |
| RMBC Net Budget requirement for 2024/25 | 326.05 |
| Increase in Net Budget requirement | 23.87 |
| Increase in net core resources (Local Taxation and Government Grant) | -23.87 |
| The reason for the increase in the Net Council Budget are shown below | £m |
|---|---|
| Inflation and cost pressures | 9.96 |
| Investments in Adult Social Care | 15.10 |
| Investment in key services | 3.31 |
| Budget savings and efficiencies | -3.06 |
| Budget contingency and reserves strategy |
-1.44 |
| Change | 23.87 |