|
Medium Term Financial Plan |
2023/24 |
2024/25 |
2025/26 |
2026/27 |
|
|
Approved |
Planned |
Estimate |
Estimate |
|
|
Budget |
Budget |
Budget |
Budget |
|
|
£million |
£million |
£million |
£million |
|
TAXATION & GOVERNMENT FUNDING |
|
(501.302) |
(538.102) |
(546.531) |
|
Council Tax |
(337.353) |
(14.662) |
(9.515) |
(13.483) |
|
Adult Social Care Precept |
(14.475) |
(7.060) |
- |
- |
|
Business Rates (Inclusive of BR Pooling in 2024/25) |
(94.946) |
(7.523) |
0.601 |
(1.598) |
|
Social Care Grant |
(38.557) |
(6.836) |
- |
- |
|
ASC Market Sustainability and Improvement Grant |
(6.055) |
(5.257) |
- |
- |
|
Services Grant |
(2.916) |
2.438 |
- |
- |
|
Revenue Support Grant |
(4.076) |
(0.270) |
(0.069) |
(0.063) |
|
Local Council Tax Support Grant 2021/22 |
(2.114) |
2.114 |
- |
- |
|
Local Tax Income Guarantee |
(0.459) |
0.459 |
- |
- |
|
New Homes Bonus |
(0.351) |
(0.203) |
0.554 |
- |
|
TOTAL TAXATION & GOVERNMENT FUNDING |
(501.302) |
(538.102) |
(546.531) |
(561.675) |
|
|
|
|
|
|
|
SERVICE PLAN |
|
|
|
|
|
Service Expenditure |
396.461 |
457.488 |
515.467 |
545.334 |
|
Inflation |
|
|
|
|
|
Non-pay Inflation |
35.545 |
28.222 |
15.749 |
16.010 |
|
Allocation of pay award and pensions to service departments |
10.972 |
10.401 |
- |
- |
|
Adult Social Care |
|
|
|
|
|
Better Care Fund - Discharge Funding |
(3.053) |
(2.035) |
5.088 |
- |
|
Discharge Funding - New Burdens |
3.053 |
2.035 |
(5.088) |
- |
|
Growth & Demography |
3.413 |
3.917 |
7.491 |
3.917 |
|
Future demand modelling net of attrition (Covid-related) |
1.133 |
(0.365) |
- |
- |
|
Market Sustainability and Fair Cost of Care (MSFCC) Fund |
1.745 |
- |
- |
- |
|
MSFCC Fund Pressures |
(1.745) |
- |
- |
- |
|
MFSCC - Support for New Burdens (from precept) |
(3.149) |
- |
- |
- |
|
Independent Living Fund rolled into Social Care Grant |
0.956 |
- |
- |
- |
|
Voluntary Sector, Community Hubs, Shielded Group |
0.440 |
- |
- |
- |
|
ASC Strategy |
- |
0.330 |
0.330 |
- |
|
Children's Services |
|
|
|
|
|
Growth & Demography (G&D) |
1.760 |
0.973 |
0.808 |
0.808 |
|
Looked After Children Placements Covid-related |
(0.872) |
(0.347) |
(1.758) |
- |
|
Covid Grant Funding for Looked After Children Placements |
0.077 |
(0.442) |
1.758 |
- |
|
School Attendance (new duty) |
1.500 |
- |
|
- |
|
Home to School Transport |
4.021 |
- |
- |
- |
|
Family Safeguarding |
0.316 |
(0.194) |
(2.075) |
(3.533) |
|
Net Operational Pressures incl. Careleavers and Locality |
2.285 |
- |
0.475 |
2.929 |
|
Pressures approved via protocol (23/24) |
0.282 |
0.124 |
- |
- |
|
Looked After Children Demand |
- |
18.340 |
3.093 |
4.370 |
|
Locality Social Work and MASH |
- |
0.782 |
- |
- |
|
IT & Digital Systems Development |
- |
0.044 |
0.039 |
0.144 |
|
Foster Carers Service |
- |
1.540 |
- |
- |
|
Additional Staffing Capacity |
- |
0.645 |
(0.105) |
- |
|
Subject Access Requests Resource |
- |
0.122 |
- |
- |
|
Reprofile of Public Health Investment |
- |
(2.420) |
0.459 |
(0.586) |
|
Communities, Environment & Transport |
|
|
|
|
|
Waste PFI Efficiencies |
(0.100) |
- |
- |
- |
|
Waste Housing Growth |
0.190 |
0.265 |
0.355 |
0.388 |
|
Waste PFI Additional Income |
|
(3.000) |
3.000 |
- |
|
Support to economic development |
(0.055) |
- |
- |
- |
|
Highways Contract Mobilisation |
2.313 |
(2.313) |
- |
- |
|
Highways Contract Mobilisation (offset by Reserves) |
(0.817) |
0.817 |
- |
- |
|
Pressures approved via protocol 23/24 |
0.815 |
(0.800) |
- |
- |
|
Local Planning Advice Resourcing |
- |
0.090 |
- |
(0.080) |
|
Access to Employment and Skills |
- |
0.200 |
- |
- |
|
Local Nature Recovery Scheme |
- |
- |
0.100 |
- |
|
Pan Sussex Tourism |
- |
0.225 |
- |
(0.225) |
|
Highways Core - TUPE Updated Data |
- |
0.158 |
- |
- |
|
Highways Core - Second Grass Cut |
- |
0.080 |
- |
- |
|
Business Services |
|
|
|
|
|
Pressures approved via protocol |
0.551 |
(0.078) |
- |
- |
|
Modernising Back Office Systems (MBOS) |
- |
0.386 |
- |
- |
|
Licences, including digital and robotics |
- |
0.403 |
- |
- |
|
Governance Services |
|
|
|
|
|
Pressures approved via protocol, incl. Coroners Services |
0.425 |
0.567 |
0.148 |
- |
|
Savings |
|
|
|
|
|
Savings Slippage |
(1.347) |
- |
- |
- |
|
Review of BSD Savings Options |
0.373 |
(0.693) |
- |
- |
|
NET SERVICE EXPENDITURE |
457.488 |
515.467 |
545.334 |
569.476 |
|
Corporate Expenditure |
- |
43.814 |
36.979 |
46.519 |
|
Treasury Management |
13.930 |
(2.850) |
4.600 |
2.500 |
|
General Contingency |
4.880 |
0.390 |
0.040 |
0.120 |
|
Contingency for Potential Pay Award, Recruitment and Retention |
11.283 |
(3.343) |
4.870 |
4.852 |
|
Inflation Risk Provision |
2.972 |
3.245 |
0.017 |
0.019 |
|
Provision for Energy Price Increase |
1.300 |
(1.300) |
- |
- |
|
Pensions |
8.023 |
(3.149) |
- |
- |
|
Apprenticeship Levy |
0.600 |
- |
- |
- |
|
Movement in Reserves |
(0.144) |
0.144 |
- |
- |
|
Levies & Grants |
0.970 |
0.028 |
0.013 |
0.014 |
|
TOTAL CORPORATE EXPENDITURE |
43.814 |
36.979 |
46.519 |
54.024 |
|
|
|
|
|
|
|
TOTAL PLANNED EXPENDITURE |
501.302 |
552.446 |
591.853 |
623.500 |
|
|
|
|
|
|
|
CUMULATIVE DEFICIT/(SURPLUS) |
- |
14.344 |
45.322 |
61.825 |
|
One-off Use of Financial Management Reserve 2024/25 |
- |
(14.344) |
- |
- |
|
ANNUAL DEFICIT/(SURPLUS) |
- |
0.000 |
45.322 |
16.503 |