What we spend

What we spend

It is a requirement for the Devon and Somerset Fire and Rescue Authority to set a level of revenue budget and council tax before the start of the forthcoming financial year.

At the budget setting meeting on 15 February 2023, the Authority approved a total net revenue budget of £85,412,000 for 2023/24, funded as shown in the table below.

Revenue budget
Item Value
Formula funding grant £7,293,000
Share of non-domestic business rates £16,259,000
District councils collection funds £61,860,000
Total £85,412,000

 

It is a legislative requirement that the Authority informs, by 1 March each year, each of the council tax collecting Authorities within Devon and Somerset of the level of council tax for each property valuation band associated with the precepts due for the year in question.

These figures are shown in the table below.
 

Government multiplier
Valuation band Ratio Percentage Council tax
A 6/9 0.667 £64.53
B 7/9 0.778 £75.28
C 8/9 0.889 £86.04
D 1 1.000 £96.79
E 11/9 1.222 £118.30
F 13/9 1.444 £139.81
G 15/9 1.667 £161.32
H 18/9 2.000 £193.58

 

Devon and Somerset Fire and Rescue Authority is responsible for the governance arrangements for Devon and Somerset Fire and Rescue Service.

 

Spending plans
Spending plans 2022/23 £million 2023/24
£million
Gross expenditure 89.6 98.3
Income from specific grants, fees, and charges (11.2) (11.8)
Council tax freeze grant (1.1) (1.1)
Central government funding (17.2) (18.3)
Business rates retention - local authority (2.9) (5.3)
Council tax requirement (57.2) (61.8)

 

Changes in spending

In 2023/24 the spending requirement for the Devon and Somerset Fire and Rescue Authority will be £8.124m more than in 2022/23.  These changes are a result of the following:

 

Changes in spending
Classification of spend Changes to expenditure £million
Contractual pay and price increases 5.371
Inescapable commitments 0.151
Budget savings (0.927)
New investment including development firefighters 2.102
Funding adjustments 2.817
Increase in income (1.390)
Total changes 8.124

 

The Authority requires a council tax level of £96.79 for a Band D household. This represents an increase of £5 compared to the 2022/23 figure.

Proposed revenue budget 2023-2024.pdf
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Capital Strategy 2023 - 2028.pdf

Capital Strategy 2023 - 2028 (PDF)

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Capital strategy 2023 -2028.odt

Capital Strategy 2023 - 2028 (open document text)

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Medium Term Financial Plan 2023 - 2024.pdf

Medium Term Financial Plan 2023 - 2024 (PDF)

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Medium Term Financial Plan 2023 - 2024.odt

Medium Term Financial Plan 2023 - 2024 (open document format)

Download
Productivity and Efficiency Plan 2023-2024
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Reserves Strategy 2023-24.odt
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Reserves Strategy 2023-24.pdf
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Source URL: https://www.dsfire.gov.uk/about-us/what-we-spend

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