STAPELEY & DISTRICT PARISH COUNCIL DRAFT BUDGET PROPOSALS 2007/2008
1 INTRODUCTION
This is the second version of the draft budget proposals for 2007/2008. Amendments have been made, taking into account Members' comments at the meeting held on 19th July 2006.
2 RECOMMENDATIONS:
(a) |
The Parish Council is invited to give further consideration to the proposals contained within the report;
| (b)
(c)
| A third draft of the document will be submitted to the November meeting, at which time the Parish Council will be expected to finalise its proposals;
At the January 2007 meeting, the finalised proposals, based on decisions made at the November meeting, will be presented for adoption.
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3 REVENUE/CAPITAL ESTIMATES - 2006-2007 BUDGET PROPOSALS - 2007-2008
Column 1 shows actual expenditure to 31st July 2006 Column 2 estimated spend to 31st March 2007 Column 3 indicates proposals for the forthcoming year Column 4 provides explanatory notes, as appropriate
4 BAND ‘D' PROPERTIES
The number of Band ‘D' properties in the parish is not yet available, but there are approximately 950. The precept which results is divided by the number of Band ‘D' properties to give an indication of additional Council Tax to be levied. For illustrative purposes only, if the Parish Council agreed a budget which required a precept from the Borough Council of £10,000, this would equate to £10.52 additional Council Tax per Band ‘D' property.
5 CALCULATION OF LIKELY BALANCE AT 1ST APRIL 2007
Paragraph 5 gives an indication of the likely balance available at 1st April 2007.
CALCULATION OF BALANCE AVAILABLE AT 1.APRIL.07
£ £ £
(a) Bank balance at 31st July 2006* 15,544 15,544
(b) ADD VAT reclaim due before 31.3.07 116 15,660
(c) LESS payments due before 31.3.07 (13,953) 1,707
*For ease of reference a Receipts and Payments statement for the period 1st April 2006 to 31st July 2006 is attached.
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