The table below shows the gross income and expenditure for all Oldham Council services along with financing from general grants, business rates and reserves. Gross Expenditure for 2018/19 is £586.730m of which £369.809m is financed from other income including service specific grants and income from fees and charges. Net expenditure for 2018/19 is therefore £216.921m and is largely financed from General Government Grants, Retained Business Rates and Council Tax revenues totalling £209.657m. The remaining balance is financed by the use of specific reserves together with £3.667m of Corporate Reserves.

  2017/18 2018/19
  Gross Exp Income Net Exp Gross Exp Income Net Exp
  £000 £000 £000 £000 £000 £000
Portfolio Detail            
Economy, Skills and Neighbourhoods 335,274 (246,753) 88,521 338,629 (246,437) 92,192
Health and Wellbeing 159,695 (51,421) 108,274 167,523 (41,553) 125,970
Corporate and Commercial Services 90,283 (85,230) 5,053 79,671 (75,085) 4,586
Chief Executive 6,919 (5,101) 1,818 2,690 (834) 1,856
Capital, Treasury, Corporate and Technical Accounting 10,239 (4,343) 5,896 (2,081) (5,900) (7,981)
Parish Precepts and Grants 306 0 306 298 0 298
Portfolio Totals 602,716 (392,848) 209,868 586,730 (369,809) 216,921
Financed by:            
Retained Business Rates     (50,646)     (51,352)
Business Rates Top Up     (54,747)     (47,975)
Grants in lieu of Business Rates     (5,271)     (8,477)
Education Services Grant     (774)     0
New Homes Bonus Grant     (2,784)     (1,601)
Housing and Council Tax Benefit Administration Grant     (1,294)     (1,220)
Independent Living Fund     (2,748)     (2,661)
Improved Better Care Fund Grant     (716)     (7,888)
Adult Social Care Support Grant     (1,127)     (701)
Other Non Ringfenced Government Grants     (506)     (565)
Council Tax     (79,358)     (82,122)
Adult Social Care Precept     (3,115)     (4,831)
Saddleworth Parish Council Precept     (172)     (177)
Shaw Parish Council Precept     (85)     (87)
Collection Fund Surplus     0     0
Total Financing     (203,343)     (209,657)
Balance Remaining     6,525     7,264
Approved Use of Reserves            
Use of Reserves to Support Budget Reductions (approved 2016/17)   (250)     (250)
Use of Reserves to Support Budget Reductions (approved 2017/18)   (789)     0
Early Help Initiative Reserve (approved January 2017)           (689)
Revised Gap after Previously Approved Use of Reserves   5,486     6,325
Business Rates Additional Resources (Reserves)            
2017/18 Small Business Rates Relief Threshold Change Compensation         (1,358)
2017/18 Business Rates Retention Pilot Reserve           (1,300)
Revised Gap after Business Rates Adjustments     5,486     3,667
Use of Corporate Reserves to Balance the Budget     (5,486)     (3,667)
Final Balance     0     0

Gross Expenditure by Portfolio

The table below shows the gross expenditure of the Council across the service delivery portfolios:

Gross Revenue Expenditure Budget 2018/19

 
   

Portfolio

%

Economy, Skills and Neighbourhoods

58

Health and Wellbeing

28

Corporate and Commercial Services and Chief Executive

14