Every February, we are required to set a budget for day-to-day expenditure needed to provide the services for the financial year starting on 1 April. Some of the money comes from central government, in the form of revenue grants, whilst the rest is raised from the council tax and charges the council makes for some of its services.
For copies of the budget and appendices please see downloads section
Find out more about the council’s budget for:
At the same time as setting our revenue budget we also have to set the district council tax. The total council tax for each property is made up of four elements – district, town or parish, Oxfordshire County Council and Thames Valley Police. We publish information on how we spend the money and the services we provide.
For more information about council tax see the council tax and benefits pages.
As part of the December 2015 Spending Review, the Secretary of State for Communities and Local Government offered to councils a four-year funding settlement for the period 2016/17 to 2019/20. To qualify councils have to publish an Efficiency Plan which covers the four-year time period. Our Efficiency Plan for 2016/17 to 2019/20 can be accessed from the downloads section on the right.
The council also sets a capital budget each year which sets out the cost of the capital programme for the forthcoming years.
The capital programme is an agreed list of capital projects that are usually of a “one-off” nature and the expenditure typically happens over more than one financial year. Capital expenditure results in the construction, acquisition or improvement of an asset such as a building or other community facility e.g. a leisure centre.
Capital expenditure is paid for using money the council has saved in previous years, the proceeds from selling council assets such as surplus land or buildings (capital receipts), developers’ contributions and specific government grants.