The Council sets its Precept at the November meeting based on a report by the Clerk and Financial Officer. The Council is audited for the National Audit Office by Hacker Young. The Annual Report was presented and accepted by the Council at the September meeting.

ABENBURY COMMUNITY COUNCIL

Precept and Budget report January 2014

Balance at 01/04/13

£26,408.92

Income to 31/03/14PreceptVAT ReturnBank Interest (est.)

Website Grant (one off)

 

Total

12,050.01

435.97

0.00

500.00

12,985.98

 

Expenditure to 31/03/14IncurredEstimatedCapital

Total

6,332.82

3,500.00

8,750.00

18,582.82

Estimated Balance at year end

21,311.10

Precept 2014/15
Yield

NIL increase at Tax Base 498 (up from 494)= £24.39 @ Band D

12,146.22

1% increase

121.46

12,267.68

5% increase

607.31

12,753.53

1% decrease

-121.46

12,024.76

10% decrease

-1,214.60

12,024.76

Recommendation – in light of Council’s desire to build a capital fund for future projects, that a precept of £12,150.00 be set. This represents an increase of £3.78 or 0.031%, with a unit charge of  unit charge of £24.40 compared with £24.39 last year.

BALANCES at APRIL 2013

 

Reserve – £

Current – £

PROJECTED BALANCES at MARCH 31st 2014

 

Reserve – £

Current – £

INCOME 2013/2014                                               £

 

Precept

VAT Return (est.)

Bank Interest (est.)

Website Grant

TOTAL                                                                

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