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Mastering Budget Basics: Adapting in a Shifting Landscape

Learn how to navigate budget challenges efficiently in a changing environment at the SDCT Annual Meeting 2008. Explore framework essentials, future planning, expenditure strategies, income sources, and robust budget frameworks. Discover insights on resource utilization, service planning, and communication tactics. Key topics include fuel and energy costs, revenue streams, inflation considerations, and investment returns.

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Mastering Budget Basics: Adapting in a Shifting Landscape

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  1. SDCT Annual Meeting 2008‘Getting the budget basics right in a changing environment’ Friday 5th December

  2. Overview • Framework • Possible budget issues • Expenditure • Income • Next year • Future years • Robust Budget

  3. Framework • Use of Resources • Service & Financial Planning • Priorities • Members • Wider understanding • Scrutiny opportunities • Public Communications

  4. 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

  5. Expenditure – Next Year • Inflation assumptions • Pay award • Built into contracts • Cost of borrowing • Reduced construction costs

  6. Expenditure – Future Years • Pension fund • On-going contributions • Backfunding • National Insurance increase • Crematorium – Mercury abatement • Abandon vehicles • Environmental Health - Enforcement costs • Stray dogs

  7. Income – Next Year • Investment returns • Land charges • Commercial property rents • Planning applications • Building control • Parking • Recycling

  8. Income – Next Year • LA error possible effect on subsidy • VAT changes – pass on or keep • Collection rates • Tax base • Bad debts • Reduced cash flows

  9. Income – Future Years • Capital Receipts • LABGI • HPDG • Section 106 • Government Grant – Efficiency savings

  10. Robust Budget Remember that Section 151 to confirm

  11. 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

  12. SDCT Annual Meeting 2008‘Getting the budget basics right in a changing environment’ Friday 5th December

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