Who's paying for it?

Who's paying for it?


While your rates go a long way toward paying for the work we do, we don’t expect you to pay for everything. Some of our funds come from other sources.


This is how we expect to cover our costs in year 1 of our Long-term Plan:


TABLE – 10 years of spending Table showing from whence the council expects to receive income. General Rates $19364000, Targeted Rates $20398000, Grants $18637000, Other income (for example bus fares) $10487000, Fees and Charges $6158000, Reserves $8025000, Dividends and Investments $13928000. This would provide a total income in year one of $96997000. Pie graph with the title "Total Income $97million in 2021 to 2022" giving a visual representation of the table on this page that shows year 1 income sources. General Rates $19364000, Targeted Rates $20398000, Grants $18637000, Other income (for example bus fares) $10487000, Fees and Charges $6158000, Reserves $8025000, Dividends and Investments $13928000.


Here’s how it looks over the next 10 years. We included the current year for comparison:


 A stacked bar graph with a visual representation showing how we expect to cover costs over the next ten years with the current year (2020 to 2021) as comparison. Funds come from seven different sources: general rates, targeted rates, grants, other income, fees and charges, dividends and other investment income, and reserves.  The current year shows income from general rates $11,180,000, targeted rates $15,777,000, grants $11,474,000, other income $10,770,000, fees and charges $5,050,000, reserves $12,012,000 and income from dividends and investments $11,015,000.  Year 1 shows income from general rates $19,365,000, targeted rates $20,398,000, grants $18,637,000, other income $10,488,000, fees and charges $6,158,000, reserves $8,025,000, and income from dividends and investments $13,928,000. Year 2 shows income from general rates $22,407,000, targeted rates $24,112,000, grants $18,288,000, other income $10,767,000, fess and charges $6,741,000, reserves $7,569,000, and income from dividends and investments $14,928,000. Year 3 shows income from general rates $23,920,000, targeted rates $27,539,000, grants $17,490,000, other income $11,707,000, fees and charges $7,216,000, reserves $3,908,000, and income from dividends and investments $15,928,000. Year 4 shows income from general rates $23,847,000, targeted rates $29,965,000, grants $22,587,000, other income $12,501,000, fees and charges $7,548,000, reserves $4,453,000, and income from dividends and investments $16,928,000. Year 5 shows income from general rates $23,248,000, targeted rates $32,908,000, grants $22,558,000, other income $12,985,000, fees and charges $7,754,000, reserves $1,362,000, and income from dividends and investments $17,928,000. Year 6 shows income from general rates $23,415,000, targeted rates $34,191,000, grants $24,165,000, other income $13,482,000, fees and charges $7,961,000, reserves negative $782,000, and income from dividends and investments $18,928,000. Year 7 shows income from general rates $24,316,000, targeted rates $36,259,000, grants $24,773,000, other income $13,993,000, fees and charges $8,170,000, reserves negative $161,000, and income from dividends and investments $19,428,000. Year 8 shows income from general rates $24,646,000, targeted rates $37,024,000, grants $24,776,000, other income $14,529,000, fees and charges $8,387,000, reserves negative $2,662,000, and income from dividends and investments $19,928,000. Year 9 shows income from general rates $25,128,000, targeted rates $38,329,000, grants $25,283,000, other income $15,080,000, fees and charges $8,606,000, reserves negative $3,674,000, and income from dividends and investments $20,428,000. Year 10 shows income from general rates $26,022,000, targeted rates $39,483,000, grants $25,670,000, other income $15,646,000, fees and charges $8,827,000, reserves negative $3,676,000, and income from dividends and investments $20,928,000.


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