Town Council Precept
Birchwood Town Council’s portion of the Council Tax will be £109.40 on a Band D property for the 2020/2021 financial year. This represents, approximately, a 3.1% increase on all property bands in regard to the Town Council’s portion of the Council Tax (just over 6p per week more for Band D).
A precept requirement of £342,213.00 has been submitted to the Borough Council by the Town Council for the 2020/2021 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.
Full and detailed discussions regarding the 2020/2021 budget and future precepts were undertaken during meetings in 2019 and January 2020, with the most significant consideration still being the formal notification received from the Borough Council in 2018, 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 (CTSA).
However, there has been an increase in the number of Band D properties in Birchwood for 2020/2021 (an additional 42) which enables the Town Council to increase its precept requirement by 4.5%, to follow its four-year plan to bring balances back to the similar levels they were prior to the removal of CTSA, with it only having a 3.1% increase effect (approximately £3.29 for the year) on Band D properties.
Anticipated balances carried forward for the 2020/2021 year end are £342,648. The Town Council will utilise its expected general income of £5,000 for 2020/2021 and contribute £8,665 from balances towards the projected expenditure and general inflation in 2020/2021 to balance the rate precept level of £342,213.00 and expected expenditure of £355,878 for 2019/2020.
The detailed minutes of the Birchwood Town Council Budget and Precept Meeting which took place on 14th January 2020, will be published here once they have been formally ratified at the February 2020 Finance Part I Meeting.