Navigate Up
Sign In
Loading

My Neighbourhood

Use your postcode to find local councillors, facilities, school catchment areas and more.

Find facilities in my area
new cardiff > ENG > Your Council > Council Finance > Council Funding

Council Funding

The Council receives its funding from a variety of sources, including a grant from the Welsh Government, business rates and Council Tax..

 

Our financial year runs from April to March, but planning begins the previous summer when we assess the cost of new commitments and initiatives for the next year.

 

In late autumn, the Welsh Government publishes its Provisional Settlement, which gives an indication of the size of the grant and level of business rates we might expect for the next financial year. This accounts for over 75% of our total income.

 

The level of grant is based on the Council’s Standard Spending Assessment (SSA), which outlines what the Welsh Government thinks we should spend.

 

Business rates are collected locally but administered on an all-Wales basis. In Cardiff we currently retain just over half the total business rates we collect.

 

In December the Welsh Government issues its Final Settlement.

 

In February the Council agrees the budget and sets the level of Council Tax for the next financial year. Capital News outlines where the Council’s funding for the following year comes from and what it will be spent on, including contributions to South Wales Police and community councils.

 

At the end of the year, we account for our spending during the previous year in the Statement of Accounts, which goes on public display and is independently audited by the Wales Audit Office.