Other borrowing

£15 million

2% of total income

Where investment in a project will deliver savings the council may consider borrowing to finance the project. The cost of repaying the sum borrowed can be met from the savings delivered by the project.

Other government grants

£35 million

5% of total income

As an alternative to providing funding to help local authorities meet the cost of their borrowings the government also provides support more directly through grants.

Other

£11 million

2% of total income

This includes planning contributions from developers towards the cost of infrastructure works and grants from other organisations.

Building schools for the future (BSF) government grant

£80 million

12% of total income

BSF is the government's investment programme that had the aim of rebuilding or renewing nearly every secondary school in England. Since the general election, the government has scaled back the programme significantly. Nevertheless three of Camden's projects were approved and the government is providing £80m to fund these schemes.

Major repairs allowance (MRA) government grant

£194 million

17% of total income

The MRA forms part of the support that the government provides to the council through the housing subsidy system. It provides some of the resources that the council spends on maintaining and improving its housing stock.

Education grant

£38 million

5% of total income

Funding to help the council meet the cost of repaying some of the borrowing that the council undertake to finance their capital expenditure.

Housing revenue account

£44 million

6% of total income

Through careful management of its revenue resources (money that funds the day to day provision of services) the council has been able to provide additional funds to support its capital programme.

General fund

£26 million

4% of total income

Through careful management of its revenue resources (money that funds the day to day provision of services) the council has been able to provide additional funds to support its capital programme.

Capital receipts

£327 million

47% of total income

The council's principal source of capital funding is proceeds from the sale of assets such as land and buildings. The assets may have been sold because they are surplus to requirements or because they require investment at a level that is unaffordable for the council. The proceeds enable the council to invest in facilities like schools and housing that are more appropriate to the needs of its residents. The right to buy legislation that permits council tenants to buy their homes allows the council to retain some of the sale proceeds although the majority must be paid to the government.