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STAPELEY & DISTRICT PARISH COUNCIL DRAFT BUDGET PROPOSALS 2007/2008
1 INTRODUCTION
This is the third version of the draft budget proposals for 2007/2008. Amendments have been made, taking into account Members' comments at the meeting held on 20th September 2006.
2 RECOMMENDATIONS/COMMENTS:
(a) |
The Parish Council is invited to give further consideration to the proposals contained within the report, deleting any schemes where there is no realistic prospect of the scheme being implemented during the year;
| (b) | As an example of (a), Members are reminded that the scheme for the two street lights was agreed in January 2005, and for various reasons, has not yet come to fruition. One street light (A51 - opposite Deadman's Lane) has been installed, but not yet invoiced. The street light to be installed on the A529 (Broad Lane) opposite the school, has yet to be installed. This is also unlikely to be completed and invoiced before March 2007; and
| (c)
| At the January 2007 meeting, the finalised proposals, based on decisions made at this 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 30th September 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 £12,500, this would equate to £13.15 additional Council Tax per Band ‘D' property.
5 CALCULATION OF PRECEPT
Paragraph 5 gives an indication of the precept requirements. This has been divided into four sections for illustrative purposes, to take account of the potential removal of the Youth Project and the CAPS donation. Page 1 6 CALCULATION OF LIKELY BALANCE AVAILABLE AT 1ST APRIL 2007
The calculation of the likely balance available at 1st April 2007 has been given and this will increase by £5,000 if the CAPS project does not come to fruition.
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5 CALCULATION OF ESTIMATED PRECEPT
5.1 Calculation of precept based on all proposals (figures rounded)
£ £
Estimated forward year net payments 22,700
Add Working Balance 2,000 24,700
Less Estimated balance available at (3,120) 21,580 1st April 2007 (see para.6)
Amount to be met from precept 21,600
(Represents £22.73 additional Council Tax)
5.2 Calculation of precept with the removal of the CAPS donation (£5,000)
£ £
Estimated forward year net payments 22,700
Add Working Balance 2,000 24,700
Less Estimated balance available at (8,120) 16,580 1st April 2007 (see para.6)
Amount to be met from precept 16,600
(Represents £17.47 additional Council Tax)
5.3 Calculation of precept with the removal of the Youth Project (£11,000)
£ £
Estimated forward year net payments 11,700
Add Working Balance 2,000 13,700
Less Estimated balance available at (3,120) 10,580 1st April 2007 (see para.6)
Amount to be met from precept 10,600
(Represents £11.15 additional Council Tax) Page 5 5.4 Calculation of precept with the removal of both the CAPS donation and the Youth Project donation (combined sum of £16,000)
£ £
Estimated forward year net payments 11,700
Add Working Balance 2,000 13,700
Less Estimated balance available at (8,120) 5,580 1st April 2007 (see below)
Amount to be met from precept 5,600
(Represents £5.89 additional Council Tax)
6 CALCULATION OF BALANCE AVAILABLE AT 1.APRIL.07 £ £
(a) Bank balance at 30th Sept. 2006 14,809 (for ease of reference a Receipts & Payments Statement to 30.9.06 is attached)
(c) LESS payments due before 31.3.07 (11,690) 3,120
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