Our budget and spending plans.
Budget Implementation Plans (BIPs) 2021-22
As part of our budget setting process each service is required to develop a BIP. These plans detail our spending for the year ahead showing what activities will be undertaken, anticipated pressures and savings to be delivered.
The BIPS were approved at Full Council on Wednesday 3 March 2021.
Revenue spending covers the day-to-day running costs of our services, such as schools, adult and children's social care services, planning and leisure. Most of our money goes on our staff or contractors who provide these services for the community and the running costs of buildings, offices, vehicles and other facilities.
We don’t pay for the Police and Fire Service out of the day-to-day budget. Your Council Tax includes a separate amount to directly fund these services.
Capital spending pays for buildings, roads and housing and for major repairs to them. It does not pay for day-to-day services.
In 2021-22 the Capital Investment Programme is £191.7 million. The main elements of the programme will be Heart of the City, New Homes and Council Housing Investment.
Over the 5 year life of the Capital Programme, most of our capital projects are paid for by borrowing or contributions from our Housing revenue budget to the capital budget.
The remainder of our capital projects are funded by grants, the sale of surplus assets and other contributions.
We repay the cost of borrowing from our day-to-day revenue spending, often from the savings generated by the projects which allow us to deliver services more efficiently.
Where the money goes in 2021-22
Our spending this year is £191.7 million. This breaks down into:
- Council Housing Investment 22%
- Economic Growth and Regeneration (Including Heart of The City) 36%
- Schools Investment and Social Care 2%
- Transport 3%
- Sports and leisure facilities 11%
- Building and Facilitating new houses 26%
Where the money will come from in 2021-22
We will raise £191.7 million from:
- Revenue Contributions 21.2%
- Prudential Borrowing 59.5%
- Government Grants 5.2%
- Sale of surplus assets 6%
- Other grants and contributions 8.1%
Please see the Capital Budget Report 2021-26 for more further information.
If you have any views or comments on the budget please write to:
Executive director of Resources
PO Box 1283
Sheffield S1 2UJ