Department for Communities and Local Government - Local Government Finance Settlement 2011-12
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Table 2: 2011-12 Formula Grant data for Newark and Sherwood (R234)
Key Financial Information

Headline Allocations

 
        Revenue Support Grant in £m                            1.988494
        Redistributed Business Rates in £m                     6.433115

        Formula Grant in £m                                    8.421610

Breakdown of Formula Grant

 
        Grants Rolled In Using Tailored Distributions in £m    0.000000
        Relative Needs Amount in £m                            3.154188
        Relative Resource Amount in £m                        -1.302141
        Central Allocation in £m                               5.726926
        Floor Damping in £m                                    0.842637

        Formula Grant in £m                                    8.421610

Service and Sub-Service Components of 2011-12 Relative Needs Formulae (RNFs)

 

        Service or sub-service                              RNF
        EPCS - District Level                               0.00019823077438
        Flood Defence                                       0.00000730850121
        Coast Protection                                    0.00000000000000
        Fixed Costs                                         0.00000416000456

        Total EPCS                                          0.00020969928015

        Capital Financing                                   0.00001108333326

        Mixed-tier RNF                                      0.00000416000456

        Lower-tier RNF                                      0.00020553927559

Taxbase

 

        COUNCIL TAX BASE FOR REVENUE SUPPORT GRANT PURPOSES
        (see Local Government Finance Report Annex C)

        Taxbase (millions)                                    0.039770

Please note that the Re-distributed Business Rate Income, Revenue Support Grant and Special Grant figures provided here should be regarded as estimates and NOT formal notification of the final figures.

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Contact: Karen Sussex on karen.sussex@communities.gsi.gov.uk

Return to: 2011-12 Settlement Local Authority Tables Index

Updated January 2011
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