The following table shows the gross income and expenditure for all Oldham Council services along with financing from general grants, business rates and reserves.  Gross Expenditure for 2017/18 is £602.716m of which £392.848m is financed from service specific grants and income from fees and charges. Net expenditure for 2017/18 is therefore £209.868m and is largely financed from General Government Grants and Council Tax revenues totalling £203.343m. The remaining balance is financed by the use of reserves totalling £6.525m.

Note: During 2016/17, the Council undertook a review of its organisational structure realigning services into revised portfolios. The following table takes account of this change.

  2016/17
Gross expenditure
£000
Income
£000
Net expenditure
£000
Portfolio details      
Economy and Skills 232,733 (213,149) 19,584
Health and Wellbeing 122,898 (59,928) 62,970
Corporate and Commercial Services 118,180 (90,994) 27,186
Cooperatives and Neighbourhoods 88,721 (22,453) 66,268
Policy and Governance 6,050 (1,035) 5,015
Chief Executive 705 (109) 596
Capital Treasury and Technical Accounting 38,135 (29,405) 8,730
Economy, Skills and Neighbourhoods      
Health and Wellbeing      
Corporate and Commercial Services      
Chief Executive      
Capital, Treasury and Corporate Budgets      
Parish Precepts 304 0 304
Portfolio Totals 607,726 (417,073) 190,653
Financed by:      
Revenue Support Grant     (40,543)
Retained Business Rates     (28,360)
Business Rates Top Up     (30,237)
Grants in lieu of Business Rates     (2,474)
Education Services Grant     (2,505)
New Homes Bonus Grant     (2,767)
Housing and Council Tax Benefit Administration Grant     (1,386)
Independent Living Fund     (2,841)
Improved Better Care Fund Grant     0
Adult Social Care Support Grant     0
Other Non Ringfenced Government Grants     (181)
Council Tax     (77,073)
Adult Social Care Precept     (1,515)
Saddleworth Parish Council Precept     (162)
Shaw Parish Council Precept     (83)
Collection Fund Surplus     (196)
Total Financing     (190,323)
Balance Remaining     330
Use of Reserves to Support Budget Reductions (approved 2016/17)     (330)
Use of Reserves to Support Budget Reductions (approved 2017/18)      
Use of Corporate Reserves to Balance the Budget      
Total Use of Reserves     (330)
Final Balance     0

 

  2017/18
Gross expenditure
£000
Income
£000
Net expenditure
£000
Portfolio details      
Economy and Skills      
Health and Wellbeing      
Corporate and Commercial Services      
Cooperatives and Neighbourhoods      
Policy and Governance      
Chief Executive      
Capital Treasury and Technical Accounting      
Economy, Skills and Neighbourhoods 335,274 (246,753) 88,521
Health and Wellbeing 159,695 (51,421) 108,274
Corporate and Commercial Services 90,283 (85,230) 5,053
Chief Executive 6,919 (5,101) 1,818
Capital, Treasury and Corporate Budgets 10,239 (4,343) 5,896
Parish Precepts 306 0 306
Portfolio Totals 602,716 (392,848) 209,868
Financed by:      
Revenue Support Grant     0
Retained Business Rates     (50,646)
Business Rates Top Up     (54,747)
Grants in lieu of Business Rates     (5,271)
Education Services Grant     (774)
New Homes Bonus Grant     (2,784)
Housing and Council Tax Benefit Administration Grant     (1,294)
Independent Living Fund     (2,748)
Improved Better Care Fund Grant     (716)
Adult Social Care Support Grant     (1,127)
Other Non Ringfenced Government Grants     (506)
Council Tax     (79,358)
Adult Social Care Precept     (3,115)
Saddleworth Parish Council Precept     (172)
Shaw Parish Council Precept     (85)
Collection Fund Surplus     0
Total Financing     (203,343)
Balance Remaining     6,525
Use of Reserves to Support Budget Reductions (approved 2016/17)     (250)
Use of Reserves to Support Budget Reductions (approved 2017/18)     (789)
Use of Corporate Reserves to Balance the Budget     (5,486)
Total Use of Reserves     (6,525)
Final Balance     0