Town Council Precept
Birchwood Town Council’s portion of the Council Tax will be £114.32 on a Band D property for the 2021/2022 financial year. This represents, approximately, a 4.5% increase in regard to the Town Council’s portion of the Council Tax (just over £4.92 per year more for a Band D property).
A precept requirement of £357,726.00 has been submitted to the Borough Council by the Town Council for the 2021/2022 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 2021/2022 budget and future precepts were undertaken during meetings in November and December 2020.
The reduction from 2019/2020 in precept income to the Town Council, of approximately £52,394, due to the removal of Council Tax Support Allowance (CTSA) currently remains one of the most significant considerations when setting the annual budget and precept.
There has been an increase of one additional property in the number of Band D properties in Birchwood for 2021/2022.
Anticipated balances carried forward for the 2020/2021 year end are £308,576.
Due to Covid-19, the Town Council has received a negligible amount of general income in 2020/2021, as we have been unable to let out our community room, and the shopping centre did not wish to have hanging baskets this year. We will have received approximately £240 in bank interest for 2020/2021. The Town Council will contribute £2,274 from balances towards the projected expenditure and general inflation in 2021/2022 to balance the rate precept level of £357,726 and expected expenditure of £360,000 for 2021/2022.