We were delighted to welcome the Tongan Rugby team to RAMM this year as part of the Rugby World Cup celebrations.
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Facing the future
t gether
“this year’s highlight was exeter city council bringing the rugby world cup to our city.”
“Dear Exeter residents, I am pleased to report that this work has been progressing Ipositively. am pleased to report thaton this work, has been Through our focus economic growth and new progressing positively. Throughfunding our focus on economic homes we have secured additional allowing us to growth and new homes have secured funding in protect services, while also we achieving greater efficiencies running the allowing uscouncil.” to protect services while also achieving
Many of you will recall the task we had as a council in 2014 was “Dear resident of Exeter, of Since you will recall the to reduce our overall budgetMany by £4m. the consultation task welast hadyear, as awe council - to reduce overall budget exercise have been workingour hard as a council by £4m. Since thebetween consultation exercise last year, we to narrow the gap our reduced government funding and the demands for our services. have been working hard as a council to narrow the gap
between our reduced funding and the demands for our services.
£4m ➠ £0m
Your response to our consultation was clear, you want to retain high quality council services. We are proud to be able to protect services by maximising income and greater efficiency.
CONTINUING SPENDING PRESSURES
74% £2.9m ➠ £0.75m Cut in grant from central government by 2019/20
COUNCIL HOUSING BUDGETS
£8m
We anticipate that our grant from government will continue to reduce (to a predicted £0.75m by 2019), but we cannot allow the city to stand still. There will be new initiatives and projects that emerge as we continue to enhance the city.
Imposed cut in council house rents
Reduction over Council forced to sell the next 4 years high value homes
SIGNIFICANT SAVINGS
The Housing Revenue Account (HRA), which funds our housing services is under pressure due to changes in government policy. However, our work has put the HRA in a stronger position to continue to minimise the impact of this on residents.
30% £17.9m ➠ £12.7m
Pete Edwards
Leader of Exeter City Council
Reduction in budget 2010-15
It is inevitable that this level of saving could not be achieved without some pain, but with prudent spending, finding new ways of doing things and stopping others, we have saved £9m since 2010.
s
Reduction in the amount we need to save for the next 3 years
e hi nex gh t p fro ligh age m tt s & th he my ou e k P r r con ey m ort es su e fo po lt ss lio ns ati ag Ho es on es ld .” er
future savings
Projected Business Rates
th
£3.5m £1.3m
The council’s deliberate decision to focus on economic growth and maximise income from New Homes Bonus (NHB) and Business Rates has reduced the amount we need to save over the next 3 years.
From New Homes Bonus (government funding for building new homes)
“O n
GROWTH PREMIUM
greater efficienciesPete in running council. “ City Council Edwards,the Leader of Exeter