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

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

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.










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.

Budget Book 2012-13
Budget Book 2011-12
Budget Book 2010-11
Budget Book 2009-10

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.

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.

Levying bodies

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

Percentage of supplier invoices paid within 30 days.


xlsx payments over 500 - Q4 2018-19.xlsx5.42 MB