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Bourton-on-the-Water Parish Council

Finance

Additional Financial information can be found on the following pages:

Annual budget and precept request

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. 

Rationale for precept 2017-18

The Parish Council has submitted a precept request to CDC of £124,802 for the financial year 2017-18.  The precept is an order issued by one local authority (ie a Parish Council) to another (ie the District Council) specifying the rate of tax to be charged on its behalf. This sum is then apportioned between all households within a community which pay Council Tax, is then collected by the District Council as part of resident Council Tax payments and forwarded to the Parish Council to help fund its activities during that financial year. Details regarding the amount of money each household pays to the Parish Council is set out in CDC's annual Council Tax statement.

The precept for 2017-18 equates to an annual payment per Band D household of £78.84 - other Bands will pay slightly more or less, but Band D properties are used as a standard guide. The annual payment of £78.84 represents an actual rise of £8.31pa compared to the previous year's payment. Part of this rise has resulted from a reduction in the amount of Grant paid by CDC to local councils each year; this Grant will be phased out entirely over the next year or two. The bulk of the remainder of the increase has been allocated to fund additions to Council's land and activities portfolio, namely village maintenance, the establishment of a Community Centre maintenance reserve fund and the long-term funding of new weekly Youth Club sessions. Additionally, a small percentage of the increase relates to various one-off projects that will be undertaken during 2017-18 in and around the village.

In all its discussions and decisions, the Council's objective has been to ensure that any rise remains reasonable in actual monetary terms and is proportionate to the scale of improvements to local amenities and facilities.

Refer to CDC web-site for full details of all Council Tax payments for each local council in the Cotswolds district.

Details of the Council's approved budget for the next financial year can be viewed via the attachment below: