Sticklepath Revenue Budget 2024-25 (Jan 24)

Sticklepath Parish Council Budget 2024/25 – 14.88% Increase

 

Expenditure Budgets  Actual 2021/22  Actual 2022/23  Budget 2023/24 Estimated 2023/24 Full Year Expenditure Proposed Budget 2024/25
Village Environment

£1,729.91

£2,111.00 £1,884.76 £1,884.76

£1,979.00

Safety Inspection

£109.20

£120.00 £115.20 £115.20

£120.00

Insurance

£518.37

£540.00 £538.71 £538.71

£560.00

Bus Shelter

£0.00

£110.00 £0.00 £110.00

£0.00

Subscriptions

£150.97

£160.00 £170.94 £170.94

£220.00

Clerk

£2,224.07

£2,510.00 £1,967.97 £2,667.73

£3,147.00

Stationery, Books and Postage

£0.00

£20.00 £33.49 £33.49

£10.00

Audit

£80.00 £90.00 £120.00 £120.00

£70.00

Training

£72.00

£120.00 £63.00 £120.00

£144.00

Donations

£250.00 £290.00 £25.00 £275.00

£275.00

Publicity (website, noticeboards, printing)

£148.82

£400.00 £0.00 £210.00

£231.00

Small Maintenance

£157.20

£110.00 £0.00 £100.00

£100.00

Data Protection Fee

£35.00

£35.00 £35.00 £35.00

£35.00

Parish Council Election

£0.00

£0.00 £0.00 £0.00

£0.00

Speed Awareness

£200.00

£436.46 £436.46

£150.00

Housing Initiative

£100.00

Hall Rental

£100.00

Contingency/Other

£2,039.67

£200.00 £0.00 £855.00

£200.00

Replenishment of Reserves

£100.00

£7,515.21

£7,016.00 £5,390.53 £7,672.29

£7,541.00

9% Overspend

£656.29

 

Income
Actual 2021/2022 Actual 2022/2023 Budget 2023/24 Expected Income 2023/24 Income Budget 2024/25
Precept £5,387.00 £5,732.28 £6,088.00 £6,088.00 £7,033.00
Wayleaves £27.92 £27.92 £28.00 £27.92 £28.00
Fund Raising/Donations £160.00 £0.00 £0.00 £0.00
Grants £179.75 £0.00 £100.00 £0.00 £150.00
VAT Refund £1,993.86 £800.00 £639.51 £330.00
Closure of Highways Fund £270.00 £0.00 £0.00
Use of general reserves £0.00 £690.00 £0.00
Excluding Precept £5,594.67 £5,920.20 £928.00 £1,357.43 £508.00
With Precept £7,016.00 £7,445.43 £7,541.00

Ear-Marked Reserves

Reserves Estimated End of Year Balance 2023/24 Forecast Fund Balance April 2025
Defibrillator £927.36 £827.36
Ladywell Enhancement £449.04 £359.04
Walks Leaflets £9.56 £9.56
Hardship Fund £708.63 £608.63
Playing Field Wall Repairs -£690.00 £0.00
Playing Field Equipment £4,889.94 £889.94
2021/22 2022/23 2023/24
Fundraising/donations to Reserves £820.28 £3,945.55 £3,056.90
Grants to Reserves £2,200.00 £0.00 £500.00
£3,020.28 £3,945.55 £3,556.90

Precept Increase

2022/23 2023/24 2024/25 Increase
Precept £5,732.28 £6,088.00 £7,033.00 £945.00
Percentage Increase for Council 15.52%
Tax Base 158.77 159.66
Rate for Band D Property £36.74 £38.34 £44.05
Increase for Band D Property £5.71
Percentage Increase for household 14.88%

General Reserves

2023/24 2024/25
Expected general reserves at end of year. Should be at least 50% of expenditure £2,927.67 £3,027.67
38% 40%