Additional Financial information can be found on the following pages:
Each year the Council establishes its budget for the following financial year. As part of this exercise, the Council also sets its precept for the year ahead. This is the sum paid over to the Parish Council by each household as a proportion of the total annual Council Tax payment which is collected from residents by CDC.
At its meeting on 6th January 2021, the Parish Council approved its budget and precept for the year 2021-22, the precept being the share of money each household pays to the Parish Council to help fund services and amenities provided (eg the local Cemeteries, play areas, allotment sites, Community Centre etc). In 2021-22 the Council approved a precept of £167,724. This money will be collected from the 1,778.5 contributing local households. This means that the amount of money a Band D household will pay in 2021-22 to the Parish Council to maintain its assets will be £94.31 pa. This year’s precept therefore represents an increase of £0.32 per month. This money will be collected by CDC for onward forwarding to the Parish Council, and the sum will be shown within the breakdown of taxes on each household’s annual Council Tax bill.
The Council’s budget for 2021-22 will enable the Council to pay for additional hours for a Civil Enforcement Officer (traffic warden) in the village, to purchase additional recreation equipment in the village, to complete the final stage of roof works at The George Moore Community Centre and to hire a consultant to assist the Council in finding additional burial ground within the village, along with the other routine contract work etc, over the financial year.
The Council is also required, by law, to set aside a certain sum as a contingency fund in order to be able to respond to emergencies – the level of funds that must be set aside are reviewed annually with reference to its responsibilities at that time, and are set out in the annual Reserves Risk Assessment which is subject to approval by the external auditors. Reserves have been reviewed and set at appropriate levels for 2021-22.
Refer to CDC web-site for full details of all Council Tax payments for each local council in the Cotswold District.
Various factors have led to the delayed implementation of the Council’s earlier decision to implement its Investment Strategy and invest funds in 2018-19, including the following:
- A mid-year decision to reduce Reserve Levels in order to free up funds to complete projects in 2019-20;
- Ongoing delays in receiving outstanding income associated with a tenant lease;
In light of the those issues, as well as forthcoming staff changes which will impact on the new staff’s ability to undertake an additional workload associated with the investing and monitoring of funds, and uncertainties surrounding Brexit, it was agreed not to invest funds in 2019-20. The Council’s Investment Strategy will be reviewed again in 1 year and a new decision made regarding investments, at that time.
Adopted 6th March 2019
Details of the Council's approved budget for the next financial year can be viewed via the relevant attachment below.