Gross and Net Income and Expenditure | What does Council Tax pay for? | Oldham Council

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 2023/24 is £674.319m of which £387.268m is financed from other income including service specific grants and income from fees and charges. Net expenditure for 2023/24 is therefore £287.051m and is largely financed from unringfenced General Government Grants, Retained Business Rates and Council Tax revenues totalling £275.474m.

The remaining balance is financed using specific and corporate reserves at a total value of £12.786m offset by a transfer to reserves of £1.209m.

  2022/23 2023/24
  Gross Exp Income Net Exp Gross Exp Income Net Exp
  £000 £000 £000 £000 £000 £000
Portfolio Detail            
Community Health and Adult Social Care 101,714 (36,143) 65,571 122,022 (45,160) 76,862
Children's Services 282,223 (233,352) 48,871 317,970 (245,415) 72,555
Public Health 17,218 (2,639) 14,579 9,638 (3,285) 6,371
Heritage, Libraries and Arts 6,364 (2,032) 4,332 6,173 (1,990) 4,183
Youth, Leisure and Communities 7,976 (1,416) 6,580 7,440 (1,213) 6,227
Economic Development, Enterprise and Skills 26,106 (21,710) 4,396 33,755 (21,097) 12,658
Environmental Services 64,156 (10,991) 53,165 66,959 (12,389) 54,570
Corporate Services 31,685 (7,166) 24,519 36,911 (8,903) 28,008
Capital Treasury and Technical Accounting 77,098 (50,738) 26,360 73,106 (47,838) 25,270
Covid Legacy Costs 12,000 0 12,000 0 0 0
Parish Precepts 333 0 333 347 0 347
Total Gross Council Expenditure  626,873 (366,187) 260,686 674,319 (387,268) 287,051
Financed by:            
Government Grants            
Business Rates Top Up Grant     (42,923)     (46,016)
Improved Better Care Fund Grant     (11,188)     (11,188)
Social Care Support Grant     (12,132)     (21,454)
Lower Tier Services Support Grant     (437)     0
Independent Living Fund Grant     (2,580)     0
Housing and Council Tax Benefit Administration Grant     (1,195)     (810)
New Homes Bonus Grant     (562)     (252)
Services Grant     (4,467)     (2,620)
Market Sustainability and Fair Cost of Care Fund Grant     (758)     0
Revenues and Benefits Service New Burdens Grant     (13)     (11)
Domestic Abuse Grants     (580)     0
Grants in Lieu of Business Rates     (19,471)     (25,987)
Business Rates            
Retained Business Rates     (51,850)     (53,683)
Council Tax            
Council Tax - General Purposes     (90,383)     (94,121)
Council Tax - Adult Social Care Precept     (12,549)     (14,874)
Council Tax - Saddleworth Parish Council Precept     (215)     (228)
Council Tax - Shaw Parish Council Precept     (99)     (100)
Collection Fund Net Deficit     885     (4,130)
Total Financing from Grants and Locally Generated Income     (250,517)     (275,474)
Net Position - Expenditure less Grant / Locally Generated Income      10,169     11,577
Transfer to Reserves - GMCA 100% Business Rates Retention Pilot Gain     1,710     1,209
Balance Remaining to be Funded      11,879     12,786
Approved Use of Reserves            
Use of Specific Reserves     (1,805)      
Investment in Children's Services           (2,900)
Waste Reserves Refund           (1,044)
Use of Corporate Reserves to Balance the Budget     (10,074)     (8,842)
Total Approved Use of Reserves     (11,879)     (12,786)
Total Financing Including the Net Use of Reserves     (260,686)     (287,051)
Final Balance     0     0