4. Gross and Net Income and Expenditure

The table below shows income and expenditure for all Oldham Council services along with financing from general grants, Council Tax, Business Rates and reserves. 

Gross Expenditure for 2022/23 is £636.570m of which £375.884m is financed from other income including service specific grants and income from fees and charges. Net expenditure for 2022/23 is therefore £260.686m and is largely financed from unringfenced General Government Grants, Retained Business Rates and Council Tax revenues totalling £250.517m. 

The remaining balance is financed using specific and corporate reserves at a total value of £11.879m offset by a transfer to reserves of £1.710m.

  2021/22 2022/23
  Gross Exp Income Net Exp Gross Exp Income Net Exp
  £000 £000 £000 £000 £000 £000
Portfolio Detail            
People and Place 111,382 (52,069) 59,313 106,670 (49,344) 57,326
Community Health and Adult Social Care 97,902 (33,955) 63,947 101,905 (36,345) 65,560
Children's Services 245,669 (198,892) 46,777 270,616 (223,355) 47,261
Communities and Reform 45,450 (11,845) 33,605 45,243 (11,780) 33,463
Commissioning 678 (369) 309 984 (322) 662
Chief Executive 18,412 (4,339) 14,073 17,974 (4,000) 13,974
Capital, Treasury, Corporate and Technical Accounting 77,239 (51,673) 25,566 75,215 (50,738) 24,477
Pay and Price Inflation 2,533 0 2,533 5,630 0 5,630
Covid Legacy 7,737 0 7,737 12,000 0 12,000
Parish Precepts and Grant to Parishes 319 0 319 333 0 333
Total Gross Council Expenditure  607,321 (353,142) 254,179 636,570 (375,884) 260,686
Financed by:            
Government Grants            
Business Rates Top Up Grant     (41,748)     (42,923)
Improved Better Care Fund Grant     (10,859)     (11,188)
Social Care Support Grant     (8,947)     (12,132)
Lower Tier Services Support Grant     (407)     (437)
Independent Living Fund Grant     (2,580)     (2,580)
Housing and Council Tax Benefit Administration Grant     (1,178)     (1,195)
New Homes Bonus Grant     (171)     (562)
2022/23 Services Grant     0     (4,467)
Market Sustainability and Fair Cost of Care Fund Grant     0     (758)
Revenues and Benefits Service New Burdens Grant     0     (13)
Domestic Abuse Grants     (578)     (580)
Local Council Tax Support Grant     (3,183)     0
COVID Grant     (7,737)     0
Grants in Lieu of Business Rates     (10,843)     (19,471)
Business Rates            
Retained Business Rates     (50,619)     (51,850)
Council Tax            
Council Tax - General     (88,029)     (90,383)
Council Tax - Adult Social Care Precept     (10,523)     (12,549)
Council Tax - Saddleworth Parish Council Precept     (205)     (215)
Council Tax - Shaw Parish Council Precept     (95)     (99)
Collection Fund Net Deficit     353     885
Total Financing from Grants and Locally Generated Income     (237,349)     (250,517)
Net Position - Expenditure less Grant / Locally Generated Income      16,830     10,169
Transfer to Reserves - GMCA 100% Business Rates Retention Pilot Gain     0     1,710
Balance Remaining to be Funded      16,830     11,879
Approved Use of Reserves            
Specific Reserve - Local Tax Income Guarantee     (1,000)     0
Specific Reserve - Organisational Redesign     0     (1,300)
Specific Reserve - Queen's Jubilee Celebrations     0     (100)
Specific Reserve - Up-front Investment to Support Budget Reductions      (127)     (405)
Use of Corporate Reserves to Balance the Budget     (15,703)     (10,074)
Total Approved Use of Reserves     (16,830)     (11,879)
Total Financing Including the Net Use of Reserves     (254,179)     (260,686)
Final Balance     0     0

Note: Presented in the closing 2021/22 reporting structure to enable comparison with the 2021/22 budget and budget monitoring reported throughout the financial year. This portfolio structure will be amended to reflect a new organisational structure from 1 April 2022