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Financial Prospects 2011- 12 to 2013 – 14
Provider Forum
Effect of Recession
Annual Borrowing by Govt as % of GDP
%
£bn
Gross
Domestic
Product £bn
2005/06
3.0%
39
1,271
2006/07
2.6%
35
1,346
2009/10
12.6%
178
1,406
2010/11
12.0%
177
1,464
2011/12
9.1%
141
1,533
2012/13
7.3%
119
1,621
1993/94
7.7%
51
665
1988/89
-0.9%
-42
490
1975/76
4.5%
5
112
National Position
2010/11
Government Reduction
£6.2 billion
Local Government Share
£1.1billion
Devon County Council
£6.2million
Devon’s Detail
2010/11
Revenue
£m
Education
3.1
Supporting People
0.47
Road Safety
0.28
Home Office
0.07
Total
3.92
Devon’s Details
2010/11
Capital
Integrated Transport
Road Safety
Total
£m
2.05
0.23
2.28
Commitments ?
Kingskerwell By-Pass
East of Exeter Access
130 )
16 ) Total
Exeter High Quality Public Transport
69
) £215m
Next Year and Beyond
Budget Details
Pay Freeze for two years for anyone earning more than
£21,000
Freeze on Council Tax until 2013
Top public sector workers to earn no more than 20 times
the lowest earner
Financial growth to Health Service and protection to
international aid obligations
25% reduction over four years of remaining elements of
public sector
Delivering Priorities:
Meeting needs
ACS MTFS: illustration of funding shortfall
Demand pressures
Funding
400
350
Pressures if current demand trends continue and inflation is in line with Government forecasts
300
£ million
250
Size of shortfall if no action is taken
200
150
100
Funding if reduced by 10% each year for the rest of this Parliament
50
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
Financial Year
2016-17
2017-18
2018-19
2020-21
Current Spending pattern
Adult Social Care (gross £000)
SLA's and other
recharges, 5,111, 2%
Supplies and Services,
3,225, 1%
Direct Payments,
11,993, 5%
Investment in
Preventative Services,
1,284, 0%
Extra Care Housing,
2,500, 1%
Employees, 65,316,
25%
Transport - Employees,
1,849, 1%
Transport - Purchased,
180, 0%
Premises, 11,273, 4%
External Contracts,
160,428, 61%
Gross Spend £263m
Income £58m