Finance
Our financial plan
We receive our revenue and capital funding from Lincolnshire County Council on an annual basis. View our budget and financial strategy.
At a time when public sector organisations face an uncertain future, it is essential we have a financial plan that is:
- realistic
- effective
This will be managed through robust and regular financial scrutiny at all levels within the organisation. It will ensure we can demonstrate best value for money in delivering our objectives. To allow us to plan for the future, we will ensure accurate planning assumptions are based on agreed funding from both central and local sources, against our agreed objectives.
We currently have a year-on-year financial plan. Our medium-term financial plan will become clearer following guidance on future funding from the government.
We remain committed to looking for more efficient ways of delivering our services in partnership with other agencies. This may be through:
- shared facilities
- joint procurement
- partnership agreements
We are also committed to understanding the:
- economic cost versus benefit of investment into our service
- the value this adds for our communities
We are closely involved with the NFCC economic cost of fire project. We will ensure the outcomes of this work are aligned with our:
- evaluation framework
- financial planning in the future
Our budget
Our revenue budget pays for the day-to-day running of the organisation. This is predominantly our salary and wages budget.
- Revenue budget 2022 to 23 - £21.9m
- Capital budget 2022 to 23 - £5.3m
Our capital programme pays for works of long-term benefit. The programme up until 2021 includes:
- improvements to fire stations
- replacing firefighting vehicles and equipment
- purchasing ICT hardware
We have planned up until 2025. During this time, we have projected budget to invest and replace our existing feet and non-feet assets.