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Our budget and how we spend Council Tax
Our budget. How we spend Council Tax on different services we run. Where the money we spend comes from.
Contents
Our income and expenditure
This table explains our budget:
| 2023-24 Net Budget (adj) £m |
Service | 2024-25 Expenditure £m |
2024-25 Income £m |
2024-25 Net Budget £m |
|---|---|---|---|---|
| 86.3 | Children’s service | 336.7 | -250.8 | 85.9 |
| 73.4 | Adult social care | 158.9 | -80.7 | 78.2 |
| 19.6 | Highways | 24.7 | -5.2 | 19.5 |
| -5.8 | Planning & Growth | 15.8 | -22.2 | -6.4 |
| 16.8 | Parks & Leisure | 20.0 | -6.3 | 13.7 |
| 7.9 | Libraries | 8.6 | -0.4 | 8.2 |
| -3.8 | Regulatory Services | 8.7 | -4.3 | 4.4 |
| 41.1 | Refuse collection and disposal | 72.6 | -33.2 | 39.4 |
| 15.1 | Customer and Exchequer | 156.3 | -140.3 | 16.0 |
| 24.5 | Housing (General Fund) | 64.5 | -38.2 | 26.3 |
| 73.7 | Other services | 290.0 | -215.8 | 74.2 |
| 348.8 | Total spending on services | 1,156.8 | -797.4 | 359.4 |
| Funded by: | ||||
| -167.2 | Retained Business Rates and Top Up | -169.1 | ||
| -42.2 | Revenue Support Grant | -45.0 | ||
| -0.3 | Council Tax surplus/deficit | 2.9 | ||
| 137.4 | Southwark's Council Tax Requirement | 148.2 | ||
| 109,174.00 | Divided by Council Tax base | 112,166.00 | ||
| 1,1258.78 | Which equals Southwark's Band D council tax | 1,321.58 | ||
| 47.4 | GLA Requirement | 52.9 | ||
| 109,174.00 | Divided by Council Tax base | 112,166.00 | ||
| 434.14 | Which equals GLA Band D council tax | 471.4 | ||
| 1,692.92 | Total Band D Council Tax | 1,792.98 |
This table shows percentages of the budget used by different services:
| % | |
|---|---|
| Children's Services | 23.9 |
| Adult Social Care | 21.8 |
| Environment and Leisure | 29.4 |
| Other | 24.9 |