Funding / Budget
The Broads Authority receives its core funding from two sources:
• National Park Grant from Defra, in respect of its ‘general’ activities, which include conservation, planning, recreation and tourism, and information and interpretation
and
• tolls paid by users of the Broads waterways in respect of its navigation activities.This core funding is supplemented by additional income from external grant aid, sales, fees and charges, and interest from investments.
Under the Broads Authority Act 2009, the Authority is required to ensure that ‘taking one financial year with another navigation expenditure is equal to navigation income’. It is also required to ‘prepare a report as soon as reasonably possible after the end of each financial year describing the navigation income received by it and the navigation expenditure incurred by it in that year’. This can be found under the section entitled ‘Annual Accounts’.
The Authority has prepared a budget for 2011/12 and a financial strategy for the period up to 2014/15. The latter was developed by a Member Working Group comprising the Chairman, Vice-Chairman and three other members of the Authority. The report of the Working Group was considered and adopted by the Broads Authority at its meeting on 24 June 2011.
