Our income and expenditure
The below tables show how much Lichfield District Council (including parish councils) will collect from council tax and other income sources and the amount we will spend.
District council total income
The table below shows the income we receive, including the amount we give out to local parish councils:
|
Lichfield District Council and parish councils |
2024 - 2025 (£m) |
2023 - 2024 (£m) |
Change (£m) |
Change |
|---|---|---|---|---|
|
Gross spending |
£66.138 | £57.463 |
£8.674 |
15.10% |
|
Parish councils |
£2.359 | £2.183 |
£0.175 |
8.04% |
|
Total including parish councils |
£68.497 | £59.647 |
£8.850 |
14.84% |
|
Income |
-£54.438 | -£46.386 |
-£8.052 |
17.36% |
|
Retained business rates |
-£3.771 | -£3.464 |
-£0.307 |
8.86% |
|
Total income (excluding council tax) |
-£58.209 | -£49.850 |
-£8.359 |
16.77% |
District council total net expenditure
|
Lichfield District Council |
2024 - 2025 (£m) | 2023 - 2024 (£m) |
Change (£m) |
Change |
|---|---|---|---|---|
|
Net expenditure (gross spending less income) |
£11.700 | £11.078 |
£0.622 |
5.62% |
|
Retained business rates |
-£3.771 | -£3.464 |
-£0.307 |
8.86% |
|
Amount to be raised from council tax |
£7.929 | £7.614 |
£0.315 |
4.14% |
Changes in funding and spending
Change in council spending for 2024 - 25
|
Higher inflation |
£0.897m |
|---|---|
|
Savings, efficiencies and additional income |
-£0.853m |
|
Service developments and other changes |
£0.716m |
|
Funding for new strategic priority - cinema |
£0.755m |
|
Subtotal |
£9.129m |
Change in funding received for 2024 - 2025
| Raised from council tax last year (2023 - 2024) | £7.614m |
|---|---|
|
Additional retained business rates |
-£0.307m |
|
Lower new homes bonus |
-£0.196m |
|
Additional other funding |
-£0.697m |
| Amount to be raised from council tax this year (2024 - 2025) | £7.929m |
Change in council tax income for 2024 - 2025
|
Additional amount raised from council tax |
£0.315m |
|---|