How the budget is set and monitored
The County Council prepares a budget for each financial year. The process for preparing the detailed budget for 2013/14 is described below
Timetable for the 2013/14 budget
August 2012 – work on reviewing budget pressures and savings options for each service commences.
December 2012 – provisional budget guidelines for 2013/14 confirmed following announcement of the provisional 2013/14 local government finance settlement.
January 2013 - services put forward their budgets within the guidelines set by the Cabinet.
February 2013 - Cabinet recommends a budget and council tax for 2013/14 to the County Council. The County Council approves the budget and sets the council tax.
March 2013 - services allocate their budgets to their services. The budget book is published.
April 2013 - financial year starts.
April to December 2013 - Finance Managers closely monitor spending and prepare regular monitoring reports for service executive members and for the Cabinet.
January 2014 - revised budgets are approved.
January to March 2014 - revised budget continues to be closely monitored.
March 2014 - financial year ends.
May 2014 - final accounts are prepared.
June 2014 - final accounts approved.
June 2014 - Statement of Accounts approved.
August 2014 - District Auditor audits accounts.
September 2014 - Statement of Accounts is published.
If you have any questions about the content of any of these pages please contact the Corporate Services Department