Council tax 2011 - 2012
In 2011/12 the Council plans to spend £176m (compared with £174.1m for 2010/11).
After taking account of fees and charges, along with specific grants from the Welsh Assembly Governement (WAG) or central government, the net budget is £118.9 m.
The money required comes partly from Council Tax and partly through WAG as Revenue Support Grant and a contribution from the National Nondomestic Rate Pool.
The net revenue budget therefore has not increased from 2010/11.
The standstill budget reflects a 1.7% reduction in National Assembly recurrent funding with 3.7% increase on the council tax.
Standard Spending
The Standard Spending Assessment (SSA) is WAG’s assessment of the Isle of Anglesey’s need to spend in 2011/12 to provide the same level of service as other Welsh unitary authorities if they also spend at the level of their SSAs. The SSA for this year is £121m and the net budget is therefore 98.3% of SSA, which is a reduction of 0.4% on 2010/11.
Working balance
The Council maintains balances to meet expenditure pending receipt of income and for any unexpected item of expenditure which may be of an emergency nature. It is anticipated that the Council’s balances at 31 March 2011 will be £7.6m and £5m at 31 March 2012. £2.5m is set aside to finance the expected cost of staff severence.
Capital budget - investing in the future
Not all Council spending is on day-to-day services (revenue expenditure). Major projects such as buying land, constructing or improving buildings and acquiring machinery and vehicles are termed “capital” expenditure. The Authority’s Capital Budget for 2011/12 amounts to £29m which is the same as 2010/11.
