The latest national statistics on the provisional outturn estimates of local authority revenue expenditure and financing for 2011 to 2012 were released on 30 August 2012 under arrangements approved by the UK Statistics Authority.
The key points from the latest release are:
- Total revenue expenditure by local authorities in England was £99.9 billion in 2011-12, a decrease from £104.3 billion in 2010-11.
- 26.5 per cent of revenue expenditure in 2011-12 was funded through council tax, 29.5 per cent through formula grant and 46.5 per cent through specific grants inside Aggregate External Finance and Local Services Support Grant.
- In 2011-12 local authorities added £2.6 billion to their reserves. This includes figures for Greater London Authority, who added £0.6 billion to their reserves. Excluding GLA, authorities added £2.0 billion to their reserves.
- Local Authorities net current expenditure for education services was £40.2 billion in 2011-12.
- Education expenditure for 2011-12 is not comparable to previous years due to a number of schools changing their status to become academies, which are centrally funded rather than funded by local authorities. There has also been a transfer of responsibilities between NHS and local government relating to adults with learning difficulties in long stay NHS institutions. As a result of this discontinuity between the two financial years (2010-11 & 2011-12), it is difficult to compare total net current expenditure.