Chearsley Parish Council
16 January 2017
Finance Report
Budget 2017/8
Introduction
This paper has been prepared on behalf of Chearsley
Parish Council to support its proposal of a precept of £32.000 for the
financial year 2017/8.
Current situation
At the beginning of the year 2016/7, the Parish
Council had £21,360 in funds. The
precept for the year was £16,000.
Expenditure for the year is likely to be in the region of £34,000. Of this £34,000, the single biggest item already
incurred, was a payment of £7,500 to clear the backlog accumulated at the
beginning of the year. Routine running
expenses for the whole year will be around £7,700, (these include salaries to
the clerk and supporting clerk, accounting and audit, grass and tree cutting,
rental and support for village projects).
The balance, £18,700 is accounted for by projects of a capital nature
either incurred or expected to be committed.
Chief among those are: kerbing, £12,000, traffic calming survey, £3,600,
work on the village bus shelters, notice board, etc, £3,100.
If all of these projects go ahead, the Parish
Council will finish the year with £3,400 cash in hand.
Proposal for 2017/8
For next year, planned expenditure will be
approximately, £32,000.
This figure has been arrived at, as follows:
Ongoing ‘routine’ expenditure has been budgeted
based on the figures already known for 2016/7, except where existing
commitments are in place, leading to different figures. Specifically, work will be required on a
number of the village trees which are either unsafe or in need of work,
increasing the cost by £4,000. A full
year’s allowance also needs to be made for the salary and expenses of the
Parish Clerk. As a result of this,
on-going expenses are likely to reach £12,250.
The second part of the budget comprises those
projects of a capital nature. The
Council has a number of initiatives, which at this stage are not fully costed,
but which reflect very closely the demands and requirements of the village.
Chief among those are to continue the planned kerbing in the village, progress
the traffic calming scheme, replace the telephone kiosk with a ‘defibrillator
shelter’, securing the Green and providing electricity thereto, investigating
the parking bays on Church lane which have fallen into disuse, and refurbishing
the War Memorial where much of the cost will be met by a charity.
To meet the expected cost of these, the Council is
putting aside £19,000. This is in
recognition that, where the cost assumptions used are not accurate, it may not
be possible to go ahead with all of the projects. In which case, the portfolio of projects will
be prioritised to reflect the village’s needs.
In addition, a contingency of £750 has been included.
The total expenditure for 2017/8 is planned to be
£32,000. The Council wishes to retain
the cash reserve accumulated at the end of 2016/7 of £3,400 to provide a level
of contingency, and therefore seeks to fund its expenditure for the year by
requesting a precept of £32,000.
|
Out-turn
|
Budget
|
|||
|
2016/7
|
2017/8
|
|||
|
Opening cash
balance
|
21364
|
3468
|
||
|
Precept,
(actual or proposed)
|
16000
|
31250
|
||
|
Clerk's
salary
|
-1512
|
-3000
|
||
|
Administration
|
-9275
|
-800
|
||
|
Road
maintenance
|
-600
|
|||
|
Grounds
maintenance
|
-2688
|
-6750
|
||
|
Village
furniture
|
-40
|
-300
|
||
|
Village events
|
-200
|
|||
|
Village
grants
|
-1525
|
-600
|
(subtotal
here £12,250)
|
|
|
Traffic
calming
|
-3756
|
-3500
|
||
|
Kerbing
|
-12000
|
-6000
|
||
|
Other village
projects*
|
-3100
|
-9000
|
||
|
Prior year
items
|
||||
|
Devolved
responsibilities
|
-500
|
|||
|
Closing
balance
|
3468
|
3468
|
||
|
*
|
||||
|
Other Village
Projects
|
||||
|
Telephone
kiosk/defibrillator
|
1500
|
|||
|
Electricity
to the Green
|
2000
|
|||
|
Car parking
bays
|
2000
|
|||
|
Protection of
the green
|
3000
|
|||
|
Refurb of war
memorial
|
500
|
|||
|
9000
|
||||
|
Contingency
|
||||
|
|
|
|
|
|
