This section contains financial information including the Statement of Accounts, Pay Policy, Council Tax, Parking Account and expenditure over £500.
Sections in this guide (click title to view)
- 1. Expenditure over £500
- 2. Budget Books
- 3. Statement of accounts
- 4. Lambeth Pension Fund
- 5. Pay Policy
- 6. Social housing asset value
- 7. How your council tax is spent
- 8. Parking information and accounts
- 9. Housing Revenue Account (HRA) business plan
- 10. Government procurement card expenditure
- 11. Prompt payment of invoices
1. Expenditure over £500
We publish quarterly reports describing the majority of our spending decisions over £500 for payments made in the previous month.
To protect vulnerable residents, we have decided not to include payments to people who receive direct payments for social care, or payments to people who provide care.
We are voluntarily disclosing this information in the interests of openness and accountability. If you would like more information, you can submit a Freedom of Information request to firstname.lastname@example.org.
These reports are CSV files. They will open in Microsoft Excel and other spreadsheet programs.
There was a slight delay in publishing Q3 data as we have been carrying out detailed quality and assurance checks on our data set to ensure that the data we publish going forward is as accurate as possible. We are reliant on reports to extract the data from our financial system and we are satisfied that the data we are publishing for quarter 3 now uses the best means to extract the data that we currently have available. However we acknowledge that the report is not yet perfect. With a new financial system being implemented from 1 April 2018 we are working to ensure that the reports we will have available on the new system to extract expenditure data extract exactly what we require of them going forward.
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
2. Budget Books
The Budget Book gives details of the budget. It summarises our budgets at departmental and divisional levels, key service aims and the major savings and growth proposals. It illustrates, at divisional level, the financial impact of the budget proposed by Cabinet to Council.
Since 2013/14 the Council has not published a separate budget book. Information relating to the setting of the Council’s budget can be found in the Budget Report that is agreed at the February Council meeting.
To view these budget reports and other decisions made by the Cabinet please search here.
3. Statement of accounts
The Statement includes a Comprehensive Income and Expenditure Statement, which shows the total value of transactions analysed by service during the year.
It also includes the Balance Sheet which provides a snapshot of our overall financial position as at 31 March.
- Public Inspection Notice 2016-17
- Statement of Accounts 2016-17
- Audit of Accounts - Notice of Public Rights 2016-17
- Public Inspection Protocol 2016-17
- Statement of Accounts 2015-16
- Annual Governance Statement 2015-16
- Public Inspection Notice 2015-16
- Statement of Accounts 2014-15
- Annual Governance Statement 2014-15
- Statement of Accounts 2013-14
- Statement of Accounts 2012-13
- Statement of Accounts 2011-12
- Statement of Accounts 2010-11
- Statement of Accounts 2009-10
- Statement of Accounts 2008-09
- Statement of Accounts 2007-08
- Statement of Accounts 2006-07
4. Lambeth Pension Fund
Lambeth Pension Fund Annual Reports and policy statements.
- Lambeth Pension Fund Annual Report and Appendices 2015-2016
- Lambeth Pension Fund Annual Report and Appendices 2014-2015
- Lambeth Pension Fund Annual Report and Appendix 2013-2014
- Lambeth Council Governance Compliance Statement 2014
- Lambeth Pensions Administration Communications Policy 2015
- Lambeth Pension Fund Statement of Investment Principles
- Lambeth Pension Fund Funding Strategy Statement
- Lambeth Pension Fund Communication Policy Statement 2016
- Lambeth Pension Fund Actuarial Valuation Report 2016
5. Pay Policy
Section 38(1) of the Localism Act requires local authorities to produce a pay policy statement for 2013-14 and each financial year thereafter. The pay policy statement:
- must be approved formally by the council meeting itself
- must be approved by the end of March each year (starting from 2012)
- can be amended in-year.
As set out in the statement Chief Executive, Derrick Anderson's pay for 2013-14 is £193,075 and he receives no performance related pay or bonuses.
The national conditions of service are that he contributes 7.5 per cent of his salary to the local government pension scheme and Lambeth's employer contribution to the pension fund for all contributing members of staff is 16.8 per cent.
In some years the Chief Executive also receives election expenses when general, local or European elections occur. Mr Anderson receives no other form of income.
6. Social housing asset value
This data shows details of the value of social housing assets within the Councils Housing Revenue Account using specified value bands and postal sectors. It includes;
- total number of homes
- the aggregate value and mean value of the dwellings for both existing use value (social housing) and market value
- percentage of homes that are vacant
The publication of this information is not intended to suggest that tenancies should end to realise the market value of properties.
The data includes both Market Values and Existing Use Values - Social Housing (EUV-SH). Existing Use Value-Social Housing is the valuation basis used for inclusion in Financial Statements for housing stock held for social housing.
The Existing Use Value can be obtained by taking the cost of buying a vacant dwelling of a similar type, and applying an adjustment factor of 25% to reflect that the property is used as social housing.
7. How your council tax is spent
The GLA portion of your council tax bill
As well as collecting council tax to fund their own spending, London councils are required to collect council tax on behalf of the Greater London Authority (a preceptor). You can read about its spending plans below.
Lambeth council is also required to pay contributions to the budgets of other organisations, collectively known as ‘levying bodies’. Each of them has provided information about its levy in the documents below.
8. Parking information and accounts
Parking information and accounts set out below cover the financial year, and the parking places information is as at 31st March. Full details of the Parking Account are included in the notes to the Statement of Accounts.
9. Housing Revenue Account (HRA) business plan
The Housing Revenue Account (HRA) is a ring-fenced account separate from the Council’s General Fund that contains the income and expenditure relating to the management and maintenance of Lambeth’s housing stock.
Since the move to self-financing the Council is required to maintain a 30-year business plan of which this is the most recent summary position. It is important to understand that this is a constantly evolving model and work is currently underway to update this as we await final information on a number of issues that impact on housing finance and as we work towards delivering a balanced HRA by identifying opportunities for efficiencies and savings.
10. Government procurement card expenditure
The Government Procurement Card is a Master card purchasing card. It is the preferred method of purchasing and payment for low value goods or services. The use of this card is not intended to replace the current purchasing and payment systems, but to complement purchase order systems in accordance with the Lambeth procurement process.
Published below are the details of every transaction on a Government Procurement Card.