The amount of money required by the Council to carry out its functions in 2023/24 is £13.086m.

A proportion of this is met by a share of Business Rates collected, with the balance being met from Council Tax.

The following table provides an analysis of how the Council's budget requirement is being funded in 2023/24 and illustrates how the Council Tax for a band D property is calculated.


2022/23Band D Equivalent 2023/24Band D Equivalent
£m£ £m£
12.425421.8Budget Requirement13.086438.39
  Less: Central Government Support  
5.649191.76Business Rates Retention6.014201.47
6.776230.04Amount to be raised from Council Tax7.072236.92
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