North East Lincolnshire Council

Budgets and finance strategy

Finance strategy

We have two clear strategic priorities, stronger economies and stronger communities. In order to achieve those priorities the council must have a clear and robust financial strategy which focuses on our long term financial sustainability.

A financial strategy refers to the practice adopted by an organisation or business in order to pursue its economic goals and objectives. A financial strategy is especially important when it comes to setting the short-term operating framework needed to achieve long-term results.

Read our Finance Strategy (PDF)

Budget summary and medium term financial plan

The council maintains a rolling 3 year budget used for assessing its income and expenditure requirements.

Read our Budget Summary 2019/20 and Medium Term Financial Plan 2019/20 to 2021/22 (PDF).

Levies

Some organisations that provide important services across North East Lincolnshire and its neighbouring authorities make a charge on each local authority based on its Council Tax Base.

This charge (called a Levy) forms part of the calculation North East Lincolnshire Council makes when arriving at its Council Tax figure each year.

The organisations which make these Levies are;

For more information about each organisations levy please visit their websites.

The spend for each levy for the last 6 financial years are shown in the table below.

Organisation 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20
North East Lindsey Drainage Board 353,665 353,665 353,665 363,958 391,487 397,438
Environment Agency 124,331 123,924 124,125 123,487 124,600 123,982
Lindsey Marsh Drainage Board 7,372 7,519 7,670 7,747 7,902 9,144
North Eastern Sea Fisheries 126,601 126,601 126,601 129,133 133,354 136,022
Total Levies Charged 611,969 611,709 612,061 624,325 657,343 666,586