Budgets and 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.
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;
- North East Lindsey Drainage Board
- Environment Agency
- Lindsey Marsh Drainage Board
- North Eastern Fisheries
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.
|North East Lindsey Drainage Board||353,665||353,665||353,665||363,958||391,487||397,438|
|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|