Budgets and finances
Surrey Heath Borough Council collects Council Tax from 39,612 households within Surrey Heath on behalf of all local authorities in our area. £9.53 million (11%) stays with us, helping to fund a huge range of services to support our local communities.
A household living in a band D property pays just 66p per day to help deliver more than 100 services provided by Surrey Heath Borough Council, equivalent to less than £241 a year.
Most of the funding received by Surrey Heath that is used to provide services to residents across the whole Borough comes from your Council Tax (70%). The remainder is funded by central government, fees and charges such as planning applications, car parking and income from land/property and also 20% of business rates.
The Council is helping to provide essential services to our residents this year by funding local organisations including Citizen’s Advice Surrey Heath (£80,000), Surrey Heath Age Concern (£10,000) and The Hope Hub (£40,000).
Example costs for key services:
- £3.3 million collecting food waste, recycling, refuse and garden waste
- £2.8 million maintaining and investing in parks, playgrounds and leisure facilities
- £0.4 million supporting residents by working with our voluntary and community partners
- £1.4 million street cleaning and emptying bins in our public open spaces
Current finance documents and strategies
Capital and Treasury Strategy
This section includes the Capital Strategy and Treasury Report. The Capital Strategy gives a high-level overview of how capital expenditure, capital financing and treasury management activity contribute to the provision of local public services along with an overview of how associated risk is managed and the implications for future financial sustainability. The Treasury Management Strategy details how the councils cash, investments and borrowing will be managed, as well as the Minimum Revenue provision (MRP) strategy.
View the Capital Strategy 2024/25 to 2027/28
Medium Term Financial Strategy
These documents provides a clear approach to delivering a much more sustainable financial position for the Council over the next four years; one that supports the delivery of priority services and the outcomes set out in the Council’s Five Year Strategy.
View the Medium Term Financial Strategy 2024/25 to 2027/28 covering report
View the Medium Term Financial Strategy 2024/25 to 2027/28
View the Revenue Budget Estimates 2024/25 to 2027/28
View the Service Growth 2024/25 to 2027/28
View the Service Efficiencies 2024/25 to 2027/28
View the Reserves Forecast 2024/25
View the Budget Scenarios, Assumptions and Sensitivity Analysis
Statement of accounts
View our statements of accounts and related information.
Expenditure and payments
We publish our expenditure over £500, payments to suppliers and procurement card transactions every month in line with the Government's transparency agenda.
Historical documents
The Square and House of Fraser
Historic reports, meeting minutes and approval forms that the Council has on file that led to the decision to purchase both The Square Shopping Centre and the House of Fraser store in 2016.
More on the purchase of The Square and House of Fraser store
Additional information
Glossary of finance terms
To support with the above documentation, we have put together a glossary of finance terms which you can view below:
