Parish Council Budget and Precept for 2018-19

As some Local Residents may recall, at this time last year, the Parish Council increased its Budget and Precept well above inflation, with £55,000 of the increased Precept being a contribution to the expected costs of launching an objection to the Borough Council Local Plan. At the time the Council resolved that it would reduce the Precept by the same amount in the next financial year. Hence for the new Financial Year 2018-19, as you will see in the table above, we have reduced the Precept by this sum, going down from £254,100= last year, to £199,100= for the Financial Year starting April 2018. The Parish Council is making significant Budget reductions in 2018-19, but at the same time is including to Budget Growth, with the most significant item being a provision of £75,000= for the replacement of the KGV Playground Equipment with modern equipment as has been called for in recent years by many local residents/parents. In order to fund the overall increase in total expenditure shown above, without increasing the Precept, and hence Council Tax, we have increased the contribution from our Reserves. The contribution from Reserves has increased from £113,250= to £202,020=. Further information on the budget changes will be posted on our website. Included below is a summary analysis of the main budget headings, comparing 2017-18 with 2018-19:

Jason Grocock, Clerk & Responsible Finance Officer for the Council.