While we're waiting for the funding settlement document to upload, it's here as a pdf: Funding settlement 2011-12.pdf

Note: Formula grant is made up of the business rates, paid into a central pool and redistributed by central government in the finance settlement. It also includes funding from central government, known as ‘revenue support grant’ and money from the Home Office to fund police authorities, called ‘principal formula Police Grant’. It's the reduction in this grant that's forcing councils to make cuts, although the goverment says that inflation and other funding will offset some of these cuts - to give the figure shown as "revenue spending power".