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 2022/23 (PDF, 2MB) .
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:
- 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.
Spend for each levy for the last 6 financial years
| Organisation | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | 2022/23 | 2023/24 |
|---|---|---|---|---|---|---|---|---|
| North East Lindsey Drainage Board | 353,665 | 363,958 | 391,487 | 397,438 | 413,692 | 425,788 | 452,212 | 526,687 |
| Environment Agency | 124,125 | 123,487 | 124,600 | 123,982 | 126,173 | 127,551 | 128,821 | 131,178 |
| Lindsey Marsh Drainage Borad | 7,670 | 7,747 | 7,902 | 9,144 | 9,395 | 9,677 | 9,965 | 12,715 |
| North Eastern Sea Fisheries | 126,601 | 129,133 | 133,354 | 136,022 | 142,823 | 144,251 | 148,579 | 153,036 |
| Total Levies Charged | 612,061 | 624,325 | 657,343 | 666,586 | 692,083 | 707,268 | 739,577 | 823,616 |
Related documents
Budget Summary 2022/23 (PDF, 2MB)
Budget Summary 2021/22 (PDF, 891KB)
Budget Summary 2019/20 and Medium Term Financial Plan 2019/20 to 2021/22 (PDF)
Budget Summary 2018/19 and Medium Term Financial Plan 2018/19 to 2020/21 (PDF)
Budget Summary 2017/18 and Medium Term Financial Plan 2017/18 to 2019/20 (PDF)
Contact details
Accountancy Service Desk, Municipal Offices, Town Hall Square, Grimsby, North East Lincolnshire, DN31 1HU
Email: accountancyservicedesk@nelincs.gov.uk
Telephone: 01472 325995