A guide to your business rates
The council's finances
Southwark Council's income and expenditure
The revenue budget is mainly funded by revenue support grant, Council Tax and business rates. Schools are funded through the dedicated schools grant and other government grants.
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 and 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 & Exchequer | 156.3 | -140.3 | 16.0 |
24.5 | Housing (General fund) | 64.5 | -38.2 | -26.3 |
23.7 | Other services | 290.0 | -215.8 | 74.2 |
348.8 | Total spending on services | 1156.8 | -797.4 | 359.4 |
Page last updated: 20 March 2024