Jason Vaughan, Deputy Chief Executive SDCT Annual Meeting 2008 ‘ Getting the budget basics right in a changing environment’ Friday 5 th December

Jason Vaughan, Deputy Chief Executive Overview Framework Possible budget issues –Expenditure –Income –Next year –Future years Robust Budget

Jason Vaughan, Deputy Chief Executive Framework Use of Resources –Service & Financial Planning –Priorities Members –Wider understanding –Scrutiny opportunities Public Communications

Jason Vaughan, Deputy Chief Executive Expenditure – Next Year Fuel costs – 2p increase in duty Energy costs Homelessness Concessionary travel Revenues & Benefits –Possible increase in staffing (workload) –Hardship relief –Discretionary rate relief

Jason Vaughan, Deputy Chief Executive Expenditure – Next Year Inflation assumptions –Pay award –Built into contracts Cost of borrowing Reduced construction costs

Jason Vaughan, Deputy Chief Executive Expenditure – Future Years Pension fund –On-going contributions –Backfunding National Insurance increase Crematorium – Mercury abatement Abandon vehicles Environmental Health - Enforcement costs Stray dogs

Jason Vaughan, Deputy Chief Executive Income – Next Year Investment returns Land charges Commercial property rents Planning applications Building control Parking Recycling

Jason Vaughan, Deputy Chief Executive Income – Next Year LA error possible effect on subsidy VAT changes – pass on or keep Collection rates Tax base Bad debts Reduced cash flows

Jason Vaughan, Deputy Chief Executive Income – Future Years Capital Receipts LABGI HPDG Section 106 Government Grant – Efficiency savings

Jason Vaughan, Deputy Chief Executive Robust Budget Remember that Section 151 to confirm

Jason Vaughan, Deputy Chief Executive Robust Budget Sensitivity Analysis –Be clear on assumptions made –What if scenarios –Best case, Central case & Worst case Use of once off sources of funding Risk based assessment of reserves

Jason Vaughan, Deputy Chief Executive SDCT Annual Meeting 2008 ‘ Getting the budget basics right in a changing environment’ Friday 5 th December