Rodington Parish Council Budget

RODINGTON PARISH COUNCIL BUDGET


Rodington Parish Council has set its budget for financial year 2018/19,  £16,348.00 minute number 80/17-18 (c) refers
Please see budget figures for 2017-18 and 2018-19 below with comments adjacent to the figures 
explaining the increase and decrease in  predicted figures


 

2017/18 draft budget

2018/2019 budget

Comments  2018-19 budget

EXPENDITURE net

 

 

 

CLERK

 

 

 

HMRC

800.00

800.00

no change

Office Expenses

400.00

350.00

decrease by £50

Salary

3800.00

3800.00

no change

Pension

380.00

500.00

increase £120

Telephone Expenses

30.00

30.00

no increase

Training Fees

180.00

250.00

Increase 70.00 getting ready for General Data Protection Regulations (GDPR) will take effect from 25th May 2018

Travel Expenses

280.00

280.00

no change

Home Office Space

208.00

208.00

no change

COUNCILLORS

 

 

 

Cllrs' Training Fees

180.00

250.00

Increase 70.00 getting ready for General Data Protection Regulations (GDPR) will take effect from 25th May 2018

Cllrs' Travel Expenses

50.00

50.00

no change

GENERAL

 

 

 

Audit (Int. and Ext)

200.00

200.00

no change  no external in 2018

Burial Ground Upkeep

2000.00

2000.00

no change

Contingency

250.00

250.00

no change

Election Expenses

2000.00

500.00

reduce by 1,500 due to allocating funds in earmarked reserves

Hire of Premises

260.00

260.00

no change

Insurance

300.00

320.00

increase 20.00 inflation

Newsletter

1600.00

1600.00

no change

Notice Board Maint.

120.00

150.00

increase 30.00 due to maintenance identified on 1 -2 boards

Parish Plan

250.00

250.00

no change

Subscriptions

650.00

2700.00

increase £2050 subscriptions subs = SALC SCRIBE, ICO, CANAL TRUST, General  Data Protection  Regulation (GDPR)  new regulation compliant from May 2018

Sundries

300.00

300.00

no change

Web Site

300.00

300.00

no change

GRANTS

 

 

 

Village Halls

1000.00

1000.00

no change

Net Total Expenditure

15538.00

16348.00

net total expenditure

 

 

 

 

INCOME

 

 

 

Precept

15538.00

16348.00

increase of £810.00 Rodington                                               FY 15-16  10,292                                                                   FY 16-17 10,600 339.8 31.19 2%                                              FY 17-18 15,538


Members were given a budget report and a copy of the revised budget from Novembers meeting and the predicted expenditure and were asked to consider setting the 2018-19 budget 
 
The net result is a precept of £ 16,348 for F/Y 2018-19, a increase of £810 (from FY 2017/18 £15,538 ).  Council Tax Band FY 2018-19 = 357.60 band D Properties = £45.72 per band D property a decrease of £0.01 per band D Property than FY 2017-18


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.