How much we spend 2017-18

It will cost the council £178.9 million this year to deliver services; £88.5 million of this will be met from Council Tax.

How much we spend

The 2017-2018 General Fund Revenue account summarises our gross expenditure and income, and shows the planned cost of services for the year.

Where the money comes from

  • Collection Fund Prior Year Surplus £4.1M 
  • SCC Council Tax £88.5M 
  • Business Rates £53.7M
  • Government revenue support and other non-specific grants £32.6M
2016/17 net cost £M
Outcome
2017/18 gross expenditure £M
2017/18 Gross Income £M
2017/18 net cost £M

Southampton is a city with strong sustainable growth
34.81
(25.45)
9.35

Children and Young People in Southampton get a good start in life
193.53
(148.98)
44.56

People in Southampton live safe, healthy, independent lives
96.62
(41.36)
55.26

Southampton is an attractive and modern city,where people are proud to live and work
50.61
(22.81)
27.8

A modern sustainable council
159.51
(138.13)
21.38
168.20
Outcome total
535.08
(376.74)
158.34
4.84
Capital Asset Management


9.09
0.63
Levies and contributions


0.63
7.31
Other expenditure and income and centrally held allocation


8.57
0.00
Transfer to Highways Capital Programme and Minor Schemes


2.25
180.98
Net Revenue Expenditure


178.89
(96.08)
Funding


(90.41)
84.90
Net General Fund Spending


88.48
(3.89)
Draw from balances


0.00
81.01
Council Tax requirement


88.48

Business Rates

The council collects the business rates in Southampton.

Of the £97.8 million expected to be collected this year, 50% is given to Central Government and 1% to the Fire and Rescue Authority and Police. In 2017-2018, £47.9 million will be retained by the council.

All occupiers of commercial properties pay business rates, called the National Non-Domestic Rates (NNDR).

The rate each business pays is based on the rateable value of the property. As at 31 December 2016, there were 6,772 properties in Southampton subject to Business Rates.

Rateable values are assessed by the Valuation Office Agency, part of HM Revenue and Customs. They are not decided by the council.

Occupiers of small businesses with a rateable value of no more than £12,000 will pay no rates in 2017-2018.

Ratepayers with a rateable value of less than £51,000 will be charged at a lower rate (below £15,000 may be eligible for a further discount) under Small Business Rate Relief.

Charities are entitled to receive rate relief if they meet certain criteria.