Headline figures• Total authority budget for 2012/13 is £848m
• Without schools the 2012/13 budget is £472m (2.5% more than last year)
• Government formula grant funding for 2012/13 is £107m (11% less than last year)

Capital Spend• Total planned capital spend for 2012/13 is £147m
• Capital spend over the next five years will amount to over £630m
• This includes over £500m for schools over the next 5 years
• The new capital spend announced in this budget totals £189m
• Chesterton Station – up to £25m
• Super fast Broadband – up to £20m
• Ely Crossing – up to £28m
• Northstowe – up to £25m
• Some of these have returns for the council

Savings• Savings expected in 2012/13 are £43m (were £50m last year)
• Cumulative savings impact over five year period 2011/12 – 2015/16 are £540m

Borrowing and cost• Prudential borrowing over the next five years will total £246m
• The net revenue cost of borrowing is £34m in 2012/13, £196m over the next five years
• The additional cost of the new borrowing announced in this budget is £1m in 2012/13 and £14m over the next five years

Council Tax• Cambridgeshire is currently around 7th lowest out of 35 County Councils
• With the 2.95% increase Band D for Cambridgeshire CC will be £1,078.65. For Dorset CC it is currently £1,168.29, for example.
• 2.95% = an extra £30.87 for a Band D household
• Cambridgeshire Band D still lower than Norfolk or Suffolk

Consultation• October 2011 consultation with 410 households + over 300 responses to web survey
• 53% said they would be prepared to pay an increase in Council Tax to fund spending on services
• The public showed a preference for keeping adult social care and child social care services at current levels
• The public did not want to see cuts in road maintenance

Pressures & Demand• We are one of the fastest growing County’s in the country.
• Our population is due to increase 22% over the next 20 years
• Our population of over 65s is due to increase 53% over the next 20 years
• The primary (school) population across the county is expected to grow by 15% in 10 years, but in Cambridge this figure is 25%
• We estimate a 4 per cent rise in need for our services this financial year coupled with an increase in inflation of 2.5 per cent.
• We estimate the extra cost of this demand to the council will be £8m in 2012/13

Service breakdowns and examples:
Children and Young People’s Services:
• Increased funding for inflation, demand and developments of £9m in 2012/13
• Savings target of £10m in 2012/13 and £34m over the next 5 years
• Capital investment focused on the schools programme
• Revenue spend for areas like the Family Intervention Project

Adult Social Care:• Increased funding for inflation, demand and development of £24m in 2012/13 and £95m over the next 5 years
• Savings target of £20m in 2012/13 and £58m over the next 5 years
• Use of reserves included in the above figures of £6m in 2012/13
• Capital investment in areas like Mental Health
• Revenue spend for areas like social care transformation (£1m)

Environment Services:• Increased funding for inflation, demand and development of £7m in 2012/13 and £17m over the next 5 years
• Savings target of £3m in 2012/13 and £13m over the next 5 years
• Capital investment in areas like Northstowe and Chesterton Station
• Revenue spend for initiatives like Cambridgeshire Future Transport
• Extra investment in road maintenance of £90m over 5 years. Yet to be confirmed, but this will cover work such as highway surfacing and repairs, bridge strengthening, traffic signal replacement, signs and lines improvements, and pavement and cycleway resurfacing

Corporate/LGSS:• Increased funding for inflation, demand and development of £3m in 2012/13 and £25m over the next 5 years
• Savings target of £4m in 2012/13 and £12m over the next 5 years
• Capital investment in areas like COWA
• Revenue spend on initiatives like our apprenticeship scheme
• Working to reduce the corporate overheads of the council through efficiencies (e.g. c. £200k management cost savings, £150k IT support savings)