Stockton-on-Tees Borough Council

Council Finances

The Council's services are financed from five main sources.

Namely:

• Government grants
• National non-domestic rates
• Council Tax
• Fees and charges
• Borrowing (for capital expenditure)

Each year the Council needs to agree a budget, based on its estimates of spending and income, including those of the Cleveland Police Authority, Fire Authority and Parish Councils, and sets a Council Tax level to meet these estimates.

A medium-term financial plan is also formulated each year to manage predicted pressures likely to occur over the following three years.

The Council's Statement of Accounts provides information on actual activity incorporating income and expenditure for a given year. It includes the Council's major responsibilities such as Housing and the Collection Fund.

In accordance with Section 52 of the School Standards and Framework Act 1998 local authorities are required to publish details of their education budgets.