Budget Presentation February 2015 (Appendix 11)

Total Budget Gap Amount Delivered so far Annual Budget Gaps: 2011/12£91.4m 2012/13£50.0m 2013/14£32.0m 2014/15£55.0m £228.4m Still to be Delivered 2015/16 £48.6m 2016/17£53.2m £101.8m Estimated further gaps 2017/18£49.5m

Cuts in Government Grants 2010/11 to 2016/17 In 2010 the City Council received £514m cash (£635m inflated) In 2016 the City Council forecast to received £267m This is a real terms cut of £368m or 58%

Government Funding Cuts The Governments own Revenue Spending Power (RSP) figures confirm that if Liverpool had received the average national cut between 2011/12 and 2015/16 it would have an additional £80m. These RSP figures understate the real funding cuts as they include new burdens funding such as Public Health and the Better Care Fund Increasing demographic, demand and price pressures on Adult and Childrens Social Care New burdens & legislative change introduced £41.9m

Council Tax 1 % increase = £ 2.552m Current Income = £125m Average tax base additional = £ 67m Business Rates Set by Government We retain 50% - £93.m Subject to appeals, total loss in last 2 years + £13.9m

Parks and Open Spaces 2 % of net City Council expenditure (£476m) Two maintenance contracts Enterprise-Liverpool Neighbourhood Contract £3.3m p.a. Of which majority is maintaining road side verges and land. Including the significant numbers of road side trees. Glendale-Liverpool Maintaining the larger Parks and open spaces £5.3m p.a. Includes Parks & Open Spaces / Cemeteries / Sports fields Golf Courses now transferred to third party Croxteth Hall & Country Park Gross Expenditure £2.5m ( high levels of maintenance / insurance / security) Gross Income £0.6m Net operating costs of £1.9m