Budgets and spending

Please be advised that updated figures for the current financial year 2018-19 will be available shortly.

How we are funded 2016-17

The council provides information on its budget and spending in various ways, including a Budget Book, Statement of Accounts, and External Audit Letters.

The council gets its funding from these areas:

Funding sources Millions £
Council Tax 7.574
New Homes Bonus 1.077
Releases from reserves 0.516
Formula Grant 1.556
Retained Business Rates 3.316
Other general government grants 0.631
Investment property income 1.376
Interest on investments (0.102)
Collection Fund prior year surplus / (-) deficit 0.381
Total 16.325

Council tax distribution

We only keep back a small amount of your council tax. Our main role is as a collecting authority – we distribute the money like this:

Council tax distribution Percent
Hampshire County Council 72.2%
Hampshire Police & Crime Commissioner 10.7%
Havant Borough Council 12.9%
Hampshire Fire & Rescue Authority 4.2%