budget presentation february 2015 (appendix 11). total budget gap amount delivered so far annual...

Budget PresentationFebruary 2015 (Appendix 11)

Total Budget GapAmount Delivered so farAnnual Budget Gaps: 2011/12 £91.4m

2012/13 £50.0m2013/14 £32.0m2014/15 £55.0m

-------- --------£228.4m

Still to be Delivered 2015/16 £48.6m2016/17 £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 contractsEnterprise-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