Coronavirus: New guidance

Meet outside rather than inside where possible. Keep 2 metres apart from people that you don’t live with. Minimise travel in and out of affected areas. Get tested twice a week and isolate if positive

Coronavirus: New guidance

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:
Government Grants

 
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).