4. Gross 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 2021/22 is £607.321m of which £353.143m is financed from other income including service specific grants and income from fees and charges.
Net expenditure for 2021/22 is therefore £254.179m and is largely financed from General Government Grants, Retained Business Rates and Council Tax revenues totalling £237.349m. The remaining balance is financed using specific and corporate reserves at a total value of £16.830m.
| 2020/21 | 2021/22 | ||||||
|---|---|---|---|---|---|---|---|
|
Gross Exp £000 |
Income £000 |
Net Exp £000 |
Adjust for in-year changes £000 |
Gross Exp £000 |
Income £000 |
Net Exp £000 |
|
| Portfolio Detail | |||||||
| People and Place | 115,165 | (53,697) | 61,468 | 61,468 | 111,382 | (52,069) | 59,313 |
| Community Health and Adult Social Care | 95,949 | (33,397) | 62,552 | 62,552 | 97,902 | (33,955) | 63,947 |
| Children's Services | 243,028 | (199,872) | 43,156 | 43,156 | 245,669 | (198,892) | 46,777 |
| Communities and Reform | 44,202 | (11,900) | 32,302 | 32,908 | 45,450 | (11,845) | 33,605 |
| Commissioning | 12,424 | (3,510) | 8,914 | 8,914 | 12,040 | (3,161) | 8,879 |
| Chief Executive | 7,084 | (1,736) | 5,348 | 5,348 | 7,050 | (1,547) | 5,503 |
| Capital, Treasury, Corporate and Technical Accounting | 80,396 | (60,921) | 19,475 | 19,478 | 87,509 | (51,673) | 35,836 |
| Parish Precepts and Grant to Parishes | 309 | 0 | 309 | 309 | 319 | 0 | 319 |
| Portfolio Totals | 598,557 | (365,033) | 233,524 | 234,133 | 607,321 | (353,142) | 254,179 |
|
Financed by: |
|||||||
| Business Rates Top Up Grant | (41,048) | (41,654) | (41,748) | ||||
| Grants in lieu of Business Rates | (11,230) | (11,233) | (10,843) | ||||
| New Homes Bonus Grant | (598) | (598) | (171) | ||||
| Housing and Council Tax Benefit Administration Grant | (1,138) | (1,138) | (1,178) | ||||
| Independent Living Fund Grant | (2,580) | (2,580) | (2,580) | ||||
| Improved Better Care Fund Grant | (10,858) | (10,858) | (10,859) | ||||
| Social Care Support Grant | (6,954) | (6,954) | (8,947) | ||||
| Local Council Tax Support Grant | 0 | 0 | (3,183) | ||||
| Covid Grant | 0 | 0 | (7,737) | ||||
| Lower Tier Services Support Grant | 0 | 0 | (407) | ||||
| Domestic Abuse Safe Accomodation Fuding | 0 | 0 | (578) | ||||
| Other Non Ringfenced Government Grants | (529) | (529) | 0 | ||||
| Locally Generated Income | |||||||
| Retained Business Rates | (50,424) | (50,424) | (50,619) | ||||
| Council Tax - General | (87,787) | (87,787) | (88,029) | ||||
| Council Tax - Adult Social Care Precept | (8,679) | (8,679) | (10,523) | ||||
| Council Tax - Saddleworth Parish Council Precept | (198) | (198) | (205) | ||||
| Council Tax - Shaw Parish Council Precept | (93) | (93) | (95) | ||||
| Collection Fund (Surplus) / Deficit | (1,400) | (1,400) | 353 | ||||
| Total Financing | (223,516) | (224,125) | (237,349) | ||||
| Balance Remaining | 10,008 | 10,008 | 16,830 | ||||
| Approved Use of Reserves | |||||||
| Budget Reduction REF-BR1-432 | 0 | 0 | (127) | ||||
| Specific Reserve - Local Tax Income Guarantee | 0 | 0 | (1,000) | ||||
| Business Rates Retention - Pilot Scheme Gains | (2,713) | (2,713) | 0 | ||||
| Waste Disposal Levy Refund from GMCA | (3,113) | (3,113) | 0 | ||||
| Use of Corporate Reserves to Balance the Budget | (4,182) | (4,182) | (15,703) | ||||
| Total Approved Use of Reserves | (10,008) | (10,008) | (16,830) | ||||
| Final Balance | 0 | 0 | 0 | ||||
Note that the in-year change in budget was due to the late notification of the Public Health grant impacting on Business Rate Top Up grant (an increase of £0.606m) and a revised notification of Grants in Lieu of Business Rates (a small increase of £0.003m).