As a Council, we are legally required to set a balanced budget each year. That means the money we receive from the Scottish Government, Council Tax and other sources must meet the cost of delivering services and ongoing investment to protect and improve communities.

    Although we continue to face acute financial pressure, the Council agreed a budget for 2022/23 on Wednesday, 2 March. The budget will not only meet a substantial funding gap of £29m during the next financial year but also see us spend £392m to provide services to communities and invest £22.3m in large-scale projects.

    This is how we are going to achieve it this year

    Service 2021/22 Budget
    £'000
    2022/23 Budget
    £'000
    Children's Services 225,727 224,699
    Social Work Adult Services 3,372 3,531
    Place Services 29,610 33,474
    Corporate & Housing Services 31,775 36,777
    Trading Accounts (512) (512)
    Sub-Total 289,972 297,969
    Falkirk Community Trust 13,755 -
    Integration Joint Board 75,976 83,328
    Joint Valuation Board 1,424 1,458
    Capital Charges 14,073 9,578
    Fiscal Flexibilities (6,998) -
    Total Net Expenditure 388,202 392,333
    Aggregate External Finance 316,705 308,530
    General Fund Reserves Applied 2,007 5,000
    COVID Reserves - 5,300
    Trust Reserves - 600
    Council Tax (see below) 69,490 72,903
    Total Income 388,202 392,333
    Council Tax 2021/22 2022/23
    Estimated yield of £1 Council Tax £56,700 £57,197
    Council Tax (Band D) £1,225.58 £1,274.60
    Product £69,490,000 £72,903,000


    Fees and charges

    Some of our fees and charges will be increasing this year. Wherever possible we have aimed to keep these in line with inflation but some charges are higher because we are making them cover the full cost of providing the service. Some new charges will be introduced.

    How is the budget split between our Services?

    Service£000s
    Childrens Services224,699
    Corporate and Housing Services36,777
    Place Services33,474
    Social Work Adult Services3,531

    Savings options approved