Town Council Precept

 

Birchwood Town Council’s portion of the Council Tax will be £106.11 on a Band D property for the 2019/2020 financial year. This represents a 4.5% increase on all property bands in regard to the Town Council’s portion of the Council Tax (approximately 10p per week more for Band D).

A precept requirement of £327,477.00 has been submitted to the Borough Council by the Town Council for the 2019/2020 financial year.

The funding received by the Town Council will be allocated to cover general inflation in operational costs, and will enable us to continue to offer the current level of services within the area, including the additional grass cuts between those undertaken by the Borough Council. There will be some funding available for further enhancements within the local area.

Full and detailed discussions regarding the 2019/2020 budget and future precepts were undertaken over several meetings in 2018, with the most significant consideration being the formal notification received from the Borough Council, indicating the change to Band D income in 2019/2020 with reduction in precept income to the Town Council of approximately £52,394, mainly due to the removal of Council Tax Support Allowance.

Anticipated balances carried forward for the 2019/2020 year end are £330,647. The Town Council will utilise its expected general income of £4,000 for 2019/2020 and contribute £25,099 from balances towards the projected expenditure and general inflation in 2019/2020 to balance the rate precept level of £327,477 and expected expenditure of £356,576 for 2019/2020.

The detailed minutes of the Birchwood Town Council Budget and Precept Meeting which took place on 11th December 2018, will be published here once they have been formally ratified at the January 2019 Finance Part I Meeting.