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 | ||||