5. How the Council’s budget has changed compared to 2024/25
The following tables show how the net revenue expenditure budget, financing and use of reserves for 2025/26 has changed from the previous year (2024/25).
Expenditure |
£000 |
£000 |
£000 |
|---|---|---|---|
|
Base Budget 2024/25 |
|
|
289,079 |
|
Budget Adjustments |
|
|
|
|
Adjustments to the Base Budget |
|
|
|
|
Add back one-off 2024/25 Measures - Flexible use of capital receipts |
2,600 |
|
|
|
Reversals - Use of Reserves, MRP |
10,753 |
|
|
|
Total Adjustments to the Base Budget |
|
13,353 |
|
|
Flexible use of capital receipts to support the 2025/26 Budget |
|
(2,600) |
|
|
Expenditure Adjustments |
|
|
|
|
- Pay and Price Inflation |
8,522 |
|
|
|
- Impact of National Living Wage Foundation Living Wage Commitment |
3,939 |
|
|
|
- Adult Social Care General Demand Pressures/ Demographics |
3,937 |
|
|
|
- Adult Social Care - Adult Social Care Discharge Fund |
2,614 |
|
|
|
- Oldham Total Care |
500 |
|
|
|
- Third Party Impact of National Insurance Changes |
2,900 |
|
|
|
- Children's Services Demand Pressures |
10,095 |
|
|
|
- Home to School Transport - Additional Costs |
1,000 |
|
|
|
- Housing/Temporary Accommodation |
3,000 |
|
|
|
- Fees and Charges |
(500) |
|
|
|
- Capital Charges |
(756) |
|
|
|
- Investment Income |
500 |
|
|
|
- Expenditure Previously Funded from Grants |
4,140 |
|
|
|
- 2024/25 Budget Reductions not delivered |
1,318 |
|
|
|
- Increased Public Health Grant (Expenditure) |
1,228 |
|
|
| - Other | 31 | ||
|
Total Expenditure Adjustments |
|
42,468 |
|
|
Levies |
|
|
|
|
- Impact of Levies, the Statutory Charge and Contributions |
699 |
|
|
|
Total Levies |
|
699 |
|
|
Total Net Budget Adjustments |
|
53,920 |
|
|
Approved Budget Reductions |
|
|
|
|
Previously Approved Budget Reduction Proposals |
(6,199) |
|
|
|
Budget Reductions approved as part of 2025/26 Budget Setting |
(14,922) |
|
|
|
Total Approved Budget Reductions |
|
(21,121) |
|
|
Increase in the Net Expenditure Budget |
|
32,799 |
32,799 |
| Planned Transfer to Reserves | 1,050 | 1,050 | |
|
Net Expenditure Budget for 2025/26 |
|
|
299,820 |
Financing |
£000 |
£000 |
|---|---|---|
|
Total Financing for the 2024/25 Budget |
|
(299,818) |
|
Changes to Financing for 2025/26 |
|
|
|
- Increase in General Unringfenced Government Grants |
(27,287) |
|
|
- Increase in Grants In Lieu of Business Rates |
(221) |
|
|
- Increase in Retained Business Rates Revenue |
(2,060) |
|
|
- Increase in Council Tax Revenue including the Adult Social Care Precept |
(6,044) |
|
|
- Increase in Parish Precept Council Tax Revenue |
(31) |
|
|
- Collection Fund/Deficit |
1,780 |
|
|
- Use of reserves |
10,753 |
|
|
Total Changes to Financing for 2025/26 |
|
(23,110) |
|
Total Financing for the 2025/26 Budget |
|
(322,928) |