Our budget and spending plans.
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.
The Budget Implementation Plans (BIPS) detail our expected spend for the year 2020-21.
Please note they are subject to approval by Full Council on Wednesday 4 March 2020. The information will be updated to reflect the 2020-21 Budget following this meeting.
The below Budget Implementation Plans detail our expected spend for the year 2019-20.
Capital spending pays for buildings, roads and housing and for major repairs to them. It does not pay for day-to-day services.
In 2019-20 the capital investment programme is £136 million. The main elements of the programme will be economic growth and 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 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 2019-20
- council housing investment: 34%
- economic growth and regeneration: 28%
- schools investment and social care: 3%
- transport: 2%
- sports and leisure facilities: 11%
- building and facilitating new houses: 21%
- essential compliance and maintenance of the Council's estate: 1%
Where the money will come from in 2019-20
- revenue contributions: 41%
- prudential borrowing: 33%
- government grants: 7%
- sale of surplus assets: 13%
- other grants and contributions: 6%
The Capital Programme and Revenue Budget Books detail all our spending for the year.
Other important factors
Loans taken out to pay for capital spending in previous years mean that we have debt. In April 2018, this amounted to £815 million.
For every £1 of debt we have over £3 of assets.
Value of Assets and Borrowing as at 1 April 2018
£3,033 million (i.e. £3 billion) Value of City Council Assets
£815 million Borrowing to fund Capital Projects
How Sheffield’s Council Tax compares
The level of Council Tax including the adult social care precept (excluding police and fire services)
Band A Council Tax comparison 2019-20 including the Adult Social Care precept
- Nottingham £1,159
- Bristol £1,127
- Liverpool £1,100
- Newcastle £1,096
- Sheffield £1,039
- Leeds £929
- Birmingham £921
- Manchester £914
These figures are based on the tax for homes in Council Tax band “A”. Most houses in Sheffield (around 59%) are in Band A.
Council Tax Band 2019/20 (based on value of your home in 1991)
The Tax for Council Services for all bands in 2019/20 is:
Some people pay less, for example, people living alone, people with disabilities or those who claim benefits for low income.
For further information or to ask for a copy of this information in leaflet format, please email firstname.lastname@example.org
If you have any views or comments on the budget please write to:
Executive director of Resources
PO Box 1283
Sheffield S1 2UJ