Rodington Parish Council Budget

RODINGTON PARISH COUNCIL BUDGET


Rodington Parish Council has set its budget for financial year 2017/18,  £15,538.00 minute number 92/16-17(2) refers
Please see budget figures for 2016-17 and 2017-18 below with comments adjacent to the figures explaining the increase and decrease in  predicted figures



2016/2017 budget

2017/18 draft budget

Comments

EXPENDITURE

 

 

 

CLERK

 

 

 

HMRC

800.00

800.00

increase 50.00  clerk qualification pay increase

Office Expenses

400.00

400.00

no change

Salary

3800.00

3800.00

no change clerk qualification pay increase and additional hours for funerals

Pension

360.00

380.00

increase 20.00

Telephone Expenses

30.00

30.00

no increase

Training Fees

150.00

180.00

increase 30.00

Travel Expenses

260.00

280.00

increase 20.00 provision for additonal travel 

Home Office Space

208.00

208.00

no increase

COUNCILLORS

 

 

 

Cllrs' Training Fees

150.00

180.00

30.00 increase

Cllrs' Travel Expenses

50.00

50.00

no increase

GENERAL

 

 

 

Audit (Int. and Ext)

400.00

200.00

reduction 200.00 opted in to new scheme internal audit budgeted

Bank Charges

0.00

0.00

0

Burial Ground Upkeep

1208.00

2000.00

increased  circa  800.00 due to new contractor tendered

Contingency

250.00

250.00

no increase

Election Expenses

140.00

2000.00

increase of 1860.00 due to previous years being under estimated and new quoation of election cost being received from TWCin Nov 2016

Hire of Premises

260.00

260.00

no change

Insurance

451.55

300.00

decrease 151.55 due to competitive rates

Newsletter

1600.00

1600.00

no change

Notice Board Maint.

120.00

120.00

no change

Parish Plan

1000.00

250.00

decrease 750.00 - funds to start  the process

Subscriptions

350.00

650.00

increase 300.00  more subcriptions  16-17 subs = SALC £322.07, SCRIBE £234 , ICO £35, CANAL TRUST £20 = £611.07

Sundries

500.00

300.00

decrease 200.00  (projector purchase)

Web Site

120.00

300.00

increase 180.00 new website provider (2016 -17 includes set up fee)

Projects

 

 

new line to be added

GRANTS

 

 

 

Village Halls

1000.00

1000.00

no change

Net Total Expenditure

13607.55

15538.00

net total expenditure

INCOME

 

 

 

Precept

10600.76

15538.00

FY 15-16  10,292                                                                                                  
 
 FY 16-17 10,600 339.8 31.19 2%                                                                            
 
FY 17-18 15,538 (Notes: the proposed level of taxation would result [at Band D] in a cash value increase of £14.54 and a percentage increase of 46.6%
)


 

Members discussed the revised budget in length and were informed The Budget Summary shows that expenditure for FY 2017/18 of £15,538.00 is a £4,938 increase on that (which is predicted)of this year. 

 

The net result is a precept of £ 15,538.00 an increase of £ 4,938 (from £10,600) While the expenditure has increased from a predicted £10,600 (FY 2016/17) to predicted £15,538.00 (FY 2017/18).

 

The Council agreed to a 46.6 % increase (Cash value Band D approx £14.54 on the precept to cover the underestimated expenditure in previous years and to accommodate the cemetery project which includes a new entrance and mapping.

 

Adoption of the amendments recommended above would lead to a precept of £15,538.00 and leave balances at circa £14K (£10K of which is to be allocated to projects for the parish Cemetery entrance and mapping)

 

(Notes: the proposed level of taxation would result [at Band D] in a cash value increase of £14.54 and a percentage increase of 46.6%)






Financial Year: The financial year for a Parish Council runs from the 1st April to the 31st March each year, this is set in statute.

A revenue budget: Revenue is the running cost of the council and its services, and the income that meets those costs.

Capital Budget:  A capital budget involves funding for capital projects - the acquisition or construction of long term assets e.g. the creation of a cemetery or the purchase of a new council building.

The precept: The Parish Council is able to raise funds by levying a charge on residents. This is known as the precept. The precept is raised through an additional charge on resident’s council tax. The billing authority pays, in this case Blaby District Council, each precepting authority the amount they require and collects such sums from its residents through the council tax. Unlike other tiers of government the precept is not capped.

Council Tax Bands: The amount of Council tax that you pay varies depending on the “BAND” you property is in. Bands run from A-G, the banding is based on a valuation of a property as at 1 April 1991. Bands A is lowest valuation and Band G the highest. Council tax is usually expressed as the Band D equivalent (this being the mid-point). 

Council Tax Base:   The Council tax base is determined by expressing all domestic properties in an area as Band-D equivalents. The total amount required to be met from council tax is then divided by the tax-base to produce a Band D charge. From that amount so produced, each of the other seven band council tax charges is calculated.