Revenue Income and Expenditure
Revenue income and expenditure relates to the day-to-day running costs of the business such as employees, supplies and services, premises, etc. Total spending and income by service area is as follows:
2024-25
| Service | Gross Expenditure (£m) | Income (£m) | Net Spending (£m) |
|---|---|---|---|
| Central Services to the Public | 2.50 | 0.29 | 2.79 |
| Environmental Services | 7.25 | -4.46 | 2.79 |
| Cultural Services | 2.24 | -0.01 | 2.23 |
| Planning Services | 2.31 | -6.51 | -4.20 |
| Highways, Roads and Transport Services | 2.49 | -1.91 | 0.59 |
| Housing Services | 17.17 | 5.95 | 23.13 |
| Other Services and Transfers | 19.72 | -21.04 | -1.68 |
| Total | 53.69 | -28.04 | 25.66 |
| Contribution (from)/ to balances | -0.05 | ||
| Total needed for current spending | 25.60 | ||
2023-24
| Service | Gross Expenditure (£m) | Income (£m) | Net Spending (£m) |
|---|---|---|---|
| Central Services to the Public | 5.02 | -3.34 | 1.69 |
| Environmental Services | 23.66 | -7.13 | 16.53 |
| Cultural Services | 14.28 | -4.06 | 10.22 |
| Planning Services | 14.55 | -5.33 | 9.22 |
| Highways, Roads and Transport Services | 6.25 | -6.86 | -0.61 |
| Housing Services | 60.72 | -49.12 | 11.60 |
| Other Services and Transfers | 6.68 | -40.39 | -33.71 |
| Total | 131.16 | -116.23 | 14.93 |
| Contribution (from)/ to balances | 13.21 | ||
| Total needed for current spending | 28.14 | ||
Difference in spending from 2023-24 to 2024-25
The difference in the spending need between years can be explained as follows:
| Difference in spending from 2023-24 to 2024-25 | £m |
|---|---|
| 2023-24 spending | 28.14 |
| 2024-25 planned expenditure | 25.60 |
| Increase in spending | -2.54 |
| Changes in spending explained | £m |
| Inflation | 0.05 |
| Pressures & Service Enhancements | 1.15 |
| Efficiencies and Savings | -2.74 |
| Contingencies | 0.08 |
| Changes in use of balances | 1.46 |
| Net Increase | 0.00 |
Capital Spending
Capital investment seeks to provide long-term funding for our priorities and operational requirements. Expenditure for capital purposes therefore gives rise to new assets or increases the value and/or useful life of existing assets.
| Scheme Type | 2024-25 budget (£) |
|---|---|
| Car Parks | 600,000 |
| Carbon Reduction & Environmental Improvements | 1,915,000 |
| Community and Leisure Facilities | 3,178,000 |
| Council Housing Refurbishment | 156,601,000 |
| Economic Development, Recreation and Tourism | 169,000 |
| Great Estates programme | 1,504,000 |
| ICT Investment | 2,483,000 |
| Improvements for disabled people | 2,000,000 |
| Investment Property | 36,735,000 |
| Major Redevelopments | 13,317,000 |
| New Build Housing | 4,224,000 |
| Refurbishment and Improvement of Council Owned Property | 6,922,000 |
| Renovation Grants and Private Sector Housing | 15,000 |
| Vehicles and Plant | 5,774,000 |
We can provide this information in a printed format on request.
Contact the Finance Team
Address: Oxford City CouncilTown Hall
St Aldate's
Oxford
OX1 1BX
