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

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

Read our Budget Summary 2023/24 (PDF, 917KB) .

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.

Spend for each levy for the last 6 financial years

Organisation	2018/19	2019/20	2020/21	2021/22	2022/23	2023/24	2024/25
North East Lindsey Drainage Board	391,487	397,438	413,692	425,788	452,212	526,687	615,469
Environment Agency	124,600	123,982	126,173	127,551	128,821	131,178	135,981
Lindsey Marsh Drainage Borad	7,902	9,144	9,395	9,677	9,965	12,715	12,811
North Eastern Sea Fisheries	133,354	136,022	142,823	144,251	148,579	153,036	170,635
Total Levies Charged	657,343	666,586	692,083	707,268	739,577	823,616	934,895

Contact details

Accountancy Service Desk, Municipal Offices, Town Hall Square, Grimsby, North East Lincolnshire, DN31 1HU

Email: [email protected]

Telephone: 01472 325995

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