4. 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. Net expenditure for 2024/25 is £299.820m and is largely financed from unringfenced General Government Grants, Retained Business Rates and Council Tax revenues totalling £289.067m. The remaining balance is financed using specific and corporate reserves at a total value of £10.753m.
Net Expenditure and Financing for Oldham Council 2024 - 2025
|
Portfolios |
£000 |
% |
|---|---|---|
|
Community Health and Adult Social Care |
76,932 |
25.7 |
|
Children's Services |
73,698 |
24.6 |
|
Public Health |
24,356 |
8.1 |
|
Communities |
6,799 |
2.3 |
|
Place and Economic Growth |
57,668 |
19.2 |
|
Corporate Services |
29,945 |
10.0 |
|
Capital Treasury and Technical Accounting |
30,422 |
10.1 |
|
Total Net Council Expenditure |
299,820 |
100 |
|
Financed by: |
|
|
|
General Unringfenced Government Grants |
(87,948) |
29.3 |
|
Grants in Lieu of Business Rates |
(27,581) |
9.2 |
|
Retained Business Rates |
(56,283) |
18.8 |
|
Council Tax Revenue including the Adult Social Care Precept |
(116,155) |
38.7 |
|
Council Tax (Parish Precepts) |
(350) |
0.1 |
|
Collection Fund |
(750) |
0.3 |
|
Use of Reserves |
(10,753) |
3.6 |
|
Total Financing from Grants and Locally Generated Income |
(299,820) |
100 |