Finances IFCAs’ operating budgets are derived from levies paid to them by each of their constituent councils. For NWIFCA, the percentage of the total levy which each council pays is defined within the Order and is as follows: • Blackpool Borough Council 1.65% • Cheshire West and Chester Council 7.30% • Cumberland Council 20.47% • Halton Borough Council 2.22% • Lancashire County Council 33.14% • Liverpool City Council 4.26% • Sefton Metropolitan Borough Council 5.09% • Westmorland and Furness Council 20.47% • Wirral Metropolitan Borough Council 5.40% At a meeting of the Authority’s full committee in December 2023, our total levy for 2024/25 was agreed and set at £1,750,274. This was split between the nine constituent councils as follows: • Blackpool Borough Council £28,880 • Cheshire West and Chester Council £127,770 • Cumberland Council £358,281 • Halton Borough Council £38,856 • Lancashire County Council £580,040 • Liverpool City Council £74,562 • Sefton Metropolitan Borough Council £89,089 • Westmorland and Furness Council £358,281 • Wirral Metropolitan Borough Council £94,515 This year’s operating budget represented an unprecedented increase of 20.97% on 2023/24. This increase was sought due to historic low-level increases over previous years which had led to a real-terms budgetary decrease for the Authority and £1,750,000 was agreed so as to return the Authority’s operating budget to parity and enable us to continue to deliver our performance targets and objectives as set out in this Annual Plan. The breakdown of this year’s operating budget into our various budgetary headings and subheadings is shown in the table over. ANNUAL PLAN 2024/25 13
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