Our budget. How we spend Council Tax on different services we run. Where the money we spend comes from.
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 |