Financial Sustainability and Growth

North Norfolk District Council is a debt-free authority and has a balanced budget.  Over the past four years the Council has delivered over £2 million in financial savings and efficiencies at a time of reducing Government grants and increasing demand for services. 

Looking forward the Council will need to be even more innovative in its approaches to maintaining and increasing service provision, building upon its record of robust financial management through identifying new sources of income, making sound investments and delivering high quality services in the most efficient way possible. 

We will therefore continue to invest in our property assets to ensure they are providing the best return to us and will also need to take a more commercial approach to everything we do.  This will mean us looking at different investment opportunities and being prepared to take innovative and creative approaches to how we invest in the future – recognising that through our investments we might be able to realise wider benefits for our District as detailed elsewhere in this Plan – in terms of housing, job and environmental outcomes, as well as delivering a financial return.  In essence we will need to work smarter in maintaining the Council’s sound finances whilst delivering better for our residents and communities. 

Financial Sustainability and Growth

Objective 1: Continuously reviewing our service delivery arrangements, fees and charges

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0%
Planned
Normal
6.1.1 Establish a baseline against which to review and control fees and charges
Establish a baseline against which to review and control fees and charges to support the full cost recovery of services Charges for discretionary services should reflect the actual cost of the provision of the service and not be cross subsidised from council tax or other sources of income. Where appropriate additional charges should be introduced to fund the costs of new or increased services (e.g. charging developers for the provision of domestic waste bins on new residential developments)
30-Jun-21
to
31-Dec-21
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10%
In Progress
Normal
6.1.2 Develop a public convenience policy
Develop a public convenience policy to identify ways in which the current £600k a year spend on the provision of public conveniences (to serve users of town centres, recreational and visitor attractions) can be funded, so that good quality provision can be maintained whilst providing council tax payers with value for money
04-Feb-20
to
31-Dec-21
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0%
Planned
High
6.1.3 Trial zero based budgeting (ZBB)
Trial zero based budgeting (ZBB) alongside enhanced engagement with service managers to encourage a focus on what costs are necessary to run the services and enable Council resources to be directed more effectively to where there are most needed
01-Jun-21
to
30-Jun-23
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0%
Planned
Normal
6.1.4 Close loopholes which exist around Second Home Council Tax / Business Rate payments
Work with other local authorities to close loopholes which exist around Second Home Council Tax / Business Rate payments; and lobby central government jointly with other similarly affected Councils and supporting organisations to add weight to the argument
04-Feb-20
to
31-Dec-21
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0%
Planned
High
6.1.5 Undertake service reviews to improve efficiency and reduce costs
Zero Based Budgeting will happen Council-wide next year, while preparing the 2022-23 budget. There have been delays due to COVID, resulting in a full ZBB exercise not being possible for the 2021-22 budget round. Two small services (likely to be Elections and Coastal Management) will use a more zero based approach when budget setting this year to trial the process. A detailed plan for delivery of Zero Based Budgeting Council-wide will be produced in early Summer 2021.
04-Feb-20
to
31-Mar-22

Objective 2: Taking a more commercial approach to the delivery of discretionary services

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70%
In Progress
High
6.2.1 Develop a Financial Sustainability Strategy
Develop a Financial Sustainability Strategy, which will identify income generating and saving opportunities whilst meeting the corporate plan objectives.
04-Feb-20
to
30-Sep-21
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0%
Planned
High
6.2.2 Review the Car Parking Policy
Review the Car Parking Policy in order to maximise the revenue generated from car parking income, an important source of funding for council services The new policy needs to reflect: the needs of local residents; the vitality of town centres; visitor demand; and provide best value for council tax payers
04-Feb-20
to
31-Dec-21
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36%
In Progress
High
6.2.3 Explore the opportunities to generate income from advertising and sponsorship
 
04-Feb-20
to
30-Sep-21

Objective 3: Forming a development company to take our property ambitions forward

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100%
Completed
High
6.3.2 Explore options for investing in medical centre development/health care facilities
Explore options for investing in the provision of medical centre development/health care facilities
04-Feb-20
to
31-Mar-21
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41%
In Progress
High
6.3.3 Take a strategic approach to commercial development opportunities
Take a strategic approach to commercial development opportunities, including: - Exploring options that meet local needs/ demand and produce an income (e.g. a crematorium or similar development) - Updating the Asset Management Plan - Updating the Procurement Strategy
04-Feb-20
to
31-Mar-22

Objective 4: Investing in environmental and economic initiatives

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0%
Planned
High
6.4.1 Explore options to expand Electric Vehicle Charging Points (EVCP) pilot
Explore options to expand Electric Vehicle Charging Points (EVCP) pilot. Review the success of the EVCP pilot and expand it as required, based on the assessment of a business case
01-Jun-20
to
30-Sep-21
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0%
Planned
High
6.4.2 Explore the potential for the installation of photo voltaics (PV) on the Council's assets
Explore the potential for the installation of solar panels - photo voltaics (PV) - on the Councilís assets. Initially undertaking a business case to assess the viability of PV above some of the Councilís car parks
04-Feb-20
to
31-Dec-21