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 email@example.com.
These reports are CSV or ODS files. They will open in Microsoft Excel and other spreadsheet programs and are machine-readable.
The Council changed its financial system to Oracle Cloud on 1 April 2018 and we have developed improved reports for publishing over £500 spend data on the new system. However during Q1 and in July 2018 as we transitioned some payments continued to be made on the old One Oracle system. As a result in Q1 two different reports, from the old and new system, have been brought together to publish this information resulting in some differences in columns presented. This does not impact the validity of the data provided and will be present in Q1 and Q2 over £500 publications this year but not thereafter.
- O4 - January to March 2019
- Q3 - September to December 2018
- Q2 - July to September 2018
- Q1 - April to June 2018
- 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.
The audited 2018-19 Statement of Accounts will appear here shortly, however they will not be published until the external auditors have concluded audit and prior to 31 July 2019.
- Draft statement of accounts 2018-19
- Draft Annual Governance Statement 2018-19
- Public Inspection Protocol 2018-19
- Public Inspection Notice 2018-19
- Annual Governance Statement 2017-18
- Statement of Accounts 2017-18
- Public Inspection Notice 2017-18
- Public Inspection Protocol 2017-18
- Public Inspection Report 2016-17
- Statement of Accounts 2016-17
- Statement of Accounts 2015-16
- Annual Governance Statement 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.
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 cover the financial year, and the parking places information is as at 31 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.
11. Prompt payment of invoices
|payments over 500 - Q4 2018-19.xlsx||5.42 MB|