Revenue Savings proposals 2024 and ongoing (2)
Revenue Savings (2024 and ongoing)
Braunstone Town Council has approved options for reducing expenditure in 2024/2025 and in future years, to ensure the Council focusses its activity and spending on its key priorities and objectives given the current financial constraints and future financial uncertainties.
A consultation was held between Monday 13th May and Monday 3rd June 2024 inviting residents, stakeholders, and the Citizens’ Advisory Panel to have their say on the proposals and to identify other areas for consideration.
One-off Revenue Savings for 2024/2025
The following have been approved as one-off revenue savings for 2024/2025. The associated budget has been vired to the Contingency fund. The funds exist in the budget base for delivery in 2025/2026, although there is a risk that costs will increase and therefore, additional one-off funding may need to be found.
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TABLE 1 - One-off Revenue Savings for 2024/2025 |
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Description of one-off saving |
Details and Delivery |
Saving |
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Salary Savings: fixed term reduction in contracted hours |
Approved until March 2025. Permanent Contract: employee could return to establishment hours. |
£16,500 |
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Biodiversity Study and Management Plan |
Strategy doesn’t provide a timeline for delivery; therefore, Policy & Resources can postpone delivery to 2025/2026. |
£5,200 |
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Carbon Audit – First Review |
Scheduled 2024. Strategy due to be reviewed June – September 2024. Merits in postponing to 2025 to provide full year data on solar panels and on battery storage due to be installed later this year. |
£4,000 |
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Vehicle Costs |
Contract renewal and costs have risen. Delivery not until September 2024 but budgeted for whole financial year. |
£3,290 |
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Notice Board Renewal |
Year 3 of a 5 year programme; either Capital Plan updated to add another year or remaining 3 year programme delivered over 2 years form 2025/26. |
£2,000 |
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TOTAL |
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£30,990 |
Ongoing Revenue Savings for Future Years
Some future and ongoing revenue savings have an initial cost. Given the current financial constraints, the savings identified have been assessed to ensure they exceed or at least match any initial cost within the financial year.
The following ongoing savings have been approved:
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TABLE 2 – Ongoing Annual Revenue Savings |
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Description of one-off saving |
Details and Delivery |
Set up Cost |
Annual Saving |
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Business Waste Collections |
Previous contractor increased their price. Other contractors approached to quote. Quotes assessed to ensure the service was comparable. Cheapest comparable quote at £4,524 p.a. was accepted given it is within delegated spending amounts. |
£0 |
£3,741 |
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Sanitary Waste Collections |
Alternative contractors approached and a cheaper contractor was found and accepted given it was within delegated spending amounts. |
£0 |
£847 |
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Turning off half the car park lights at Shakespeare Park and Thorpe Astley Community Centre (10 in total). There would still be more lighting than at the Civic Centre Main Car Park. There are no plans to change footpath lighting at Franklin Park, Mossdale Meadows or Thorpe Astley Park. |
£226 |
Approx. £800 to £1,000. |
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Installation of PIR sensors in corridors |
Installation of PIR sensors in corridors at Braunstone Civic Centre. Initial cost; quotes being obtained. |
£547 |
Approx. £450 to £600. |
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Splitting off Lighting Circuits |
Splitting off lighting circuits in the Council’s buildings, to enable lighting to be turned off in unused areas or for less lighting to be used where the circumstances allow. Initial cost; quotes being obtained. |
£200 |
Approx. £200 to £250 |
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TOTAL |
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£973 |
£6,038 to £6,438 |
A copy of the report, along with a summary of the consultation responses, is availble here.
