Finance Meeting
The Finance meeting was held in the Community Hall on Thursday 19th October 2023
Chairman: Mr. A. Jones
Councillors: Mr. T. Jones, Mr. N. Francis, Mr. P. Thomas, Mr. R. Coulter
Clerk: Cheryl Payne,
Apologies: Mr. N. Place, Mrs. J. Llewellyn, Mrs. R. Parfitt, Mr. K. Sims, Mr. P. Martin
Special Precept Finance Meeting
Precept
Members met to discuss the precept for the next financial year 2024/2025
The current budget to actual to Sept. 23 forecast was drawn up by the Clerk and presented to the members.
The Budget forecast for the next financial year includes some changes from the previous year to reflect savings in the current year.
Following discussion and bearing in mind the current financial situation and the increase in inflation in the Country it was agreed to keep to the minimum rise of 5% bringing the precept to £64627.
Whilst to many this may seem a generous amount, so in the interests of the public we have listed below the various areas in order of highest spend.
- Staff costs account for 50% of the total with 5 staff members
- Parks maintenance and utilities
- Building costs, Community Hall, and Park buildings
- Christmas lights and Library
- New projects
- Administration and insurance of all properties and liabilities
- Training and donations