Our Finances

We’ve set out information here about our finances for the year ending 31 March 2007 as well as our financial plans for the year commencing 1 April 2007. We spent £21m in 2006/07 providing a wide range of services. This will increase to £22.7m in 2007/08.

In 2006/07 a typical band D council tax bill was £1,224.97 before any parish amounts or special levies. This increased to £1,336.64 in 2007/08. The Council Tax bills paid by Thanet residents are made up of amounts for four different authorities, as shown on the following page.(1)

For a typical Band D property, the money is collected as follows:

When we collect Council tax, we do so on behalf of Kent County Council, Parishes, Police and your council.

2007/08

	Thanet District Council	£188.64
	Kent County Council	£964.17
	Kent Police	£122.18
	Kent Fire & Rescue	£61.65

2006/07

	Thanet District Council	£180.63
	Kent County Council	£918.72
	Kent Police	£116.37
	Kent Fire & Rescue	£59.40

In 2006/07 our share of the Council Tax raised £8.2m and will raise £8.6m in 2007/08.

This is supplemented by income from other sources as follows:

Where your council gets its money from each year:

2006/07

	Council tax	8.2
	Government grant	12.5
	Business growth incentive	0.3
	Use of balances / reserves	0

2007/08

	Council tax	8.6
	Government grant	12.8
	Business growth incentive	1
	Use of balances / reserves	0.3

(1) This is for an average band D property. See information accompanying your bill for make up of actual amounts you will pay.

Where the money goes

2006/7	2007/8

		2006/7	2007/8			2006/7	2007/8
	Chief Executive	£0.06	£0.27		Financial Services	£0.20	£1.64
	Development Services	£2.94	£1.37		Customer Services	£1.38	£1.57
	Commercial Services	£9.62	£10.52		Community Services	£3.11	£3.88
	Improvement & Performance	£3.35	£2.86		Housing Revenue Account	£0.47	£0.11
	Maritime	£0.09	£0.74

We also invest in the district, making use of proceeds from other asset sales such as houses, grants and other contributions. The expenditure in 2006/07 and planned expenditure for 2007/08 is detailed below:

Capital investments

Did You Know?

• You can pay your Council Tax by Direct Debit, online or over the phone.
• You may be entitled to a discount on your Council Tax Bill. To find out more call 01843 577558 or see our Council Tax pages

Next: Our Progress

Back to: 2006-7 Annual Report to Residents