Budget PresentationVoluntary &

Community Sector18th October 2012

Becky Hellard

The National Picture: Deficit v Debt

• Government plan was to eliminate the budget deficit by end of 2016/17

• Total Debt at March 2012 £1,023 bn

• Forecast Total Debt at March 2017 £1,479 bn

• £1,479bn equates to 74% of estimated GDP

Public Sector Net Debt (£ billion) - Excluding Bank Bailouts

0.0

200.0

400.0

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800.0

1000.0

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1400.0

1600.0

1974-7

5

1976-7

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1980-8

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Months from Start of Recession

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0 3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 54%

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Impact on Local Government

DEL = Departmental Expenditure Limits or Total UK Government Departmental Expenditure

Liverpool CC - Gross Revenue Spend (2012/13) £1,332m

Employees, £433m

Premises, £87m

Transport, £11mSupplies & Services, £175m

Capital Financing Charges, £34m

Agency & Transfer Payments, £592m

Liverpool CC - Gross Revenue Income (2012/13) £1,332m

Dedicated Schools Grant & Pupil Premium,

£324m

Other Income, £104m

General Government Grants (TFG), £318m

Council Tax Income, £164m

H/CT Benefit Subsidy, £340m

Other Specific Service Grants, £82m

Liverpool CC - Net Revenue Spend (2012/13) £483m

Corporate Items (Including Levies),

£85m

Children & Young People, £90m

Adult Social Care & Health, £162m

Community Services, £74m

Regeneration & Employment, £48m

Chief Executive, £21mFinance & Resources, £3m

Amount to be financed by Total Formula Grant (£318m) & Council Tax (£164m)

Liverpool – Budget Gaps

• 2011-12 £91.4m (delivered) • 2012-13 £50m (delivered)• 2013-14 £32m • 2014-15 £40m • 2015-16 £33m• 2016-17 £38m

TOTAL £284.4m

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Liverpool – LGA Model

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£ (m

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Social Care - Children Social Care - AdultsEnvironment (inc Waste) Money available for all other services

Mayoral Pledges

• Build 12 new schools• Create 20,000 new jobs• Build 5,000 new homes• Make Liverpool business and enterprise friendly• Make the city greener, cleaner and healthier

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Planned Developments

• Liverpool Waters - £5.5bn• Edge Lane Retail Park - £130m• Royal Hospital - £451m• University of Liverpool - £600m• Liverpool John Lennon Airport Masterplan – £600m• Alder Hey - £326m• Project Jennifer - £150m• Exhibition Hall ACCL - £50m• New Mersey Leisure Speke Boulevard - £30m

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Budget TimetableNext Steps

Budget Savings in 3 Tranches• Tranche 1 – City Council - 7th November• Tranche 2 – City Council – 16th January• Tranche 3 – City Council – 6th March• Consultation starts now

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Any Questions

?