Finance 2023-24

Millbrook Parish Council 2022-24 Budget and precept submission

Approved budget for 2023-24 and year on year budget comparison

Millbrook Parish Council’s budget was approved during the Parish Council meeting held on 17th January 2023, Minute 119i(i)

Millbrook Parish Council’s precept submission was approved during the Parish Council meeting held on 17th January 2023, Minute 119i(iii)

Extract from the minutes of the meeting shown below:

Resolved.

Minute 119i: Recommendations from the Finance Committee meeting held on 4^th January 2023

(i)      Budget for 2023-24

The budget, which had been reviewed and recommended by the Finance Committee was discussed by the Councillors. See appendix 2.. Cllr Mattholie raised a query regarding the reduced allocation towards grant funding and community support.  The Clerk said if at the of the year, the surplus funds are higher than anticipated, this budget line could be increased.  It was proposed by Cllr Lewis and seconded by Cllr Beadnall that the Council approves the budget as presented.  The motion was carried with one Councillor voting against the motion.  Resolved.

(ii)      CIL Funding

The Clerk’s document detailing costs expended and allocated against CIL funding was noted.

Precept submission
The Council was asked to approve the precept submission for 2023-24 of £117,740, as recommended by the Finance Committee. The Clerk’s report showed year on year variances where the precept had not increased by more than 3.95% since 2018-19.  See appendix 3 See appendix 3. The increase in the precept equates to £11.95 per annum on a Band D property.  It was proposed by Cllr Roberts and seconded by Cllr Lewis that the Council approves the precept submission of £117,740.  The motion was carried with one Councillor voting against the proposal.