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