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Parish Council Budgets

A well-planned budget is an essential tool for controlling the Council’s finances as it provides the Council with the confidence to ensure that sufficient income is available throughout the year to pay for any services and expenditure for any planned projects offered through the Council. 

By monitoring our spending against the budget plan, the council controls its finances during the course of the financial year and makes progress towards what we wish to achieve.

What is the precept?

The Precept is the money which is given to the Parish Council to run all Council business.  A percentage of the council tax which is paid by residents is based upon the amount of Precept requested by the Parish Council.

The Parish Council has to apply to Hinckley and Bosworth Borough Council each year for its Precept.

 

What other income is received?

The other income received by the Parish Council is from the allotment rent, any grants received for specific projects, VAT reclaims and bank interest.

 

What does the Council spend its money on?

From all income received, the Parish Council then has to pay for things like insurance, electricity supply for the street lighting, all street lighting repairs and maintenance, grass cutting for open spaces that are maintained by the Council, audit fees and the Parish Clerk’s salary. 

With any money left over which the Parish Council can accrue, might then be spent on new assets such as benches or street lights, dog or litter bins and costs associated with other projects being undertaken.

 

When is the budget approved?

The Parish Council approves the budget at its meeting in January of each year.

 

Sutton Cheney Parish Council Budget for 2018/19

 

For a full breakdown report on the agreed budget for 2018-19, please see:

Sutton Cheney Parish Council Full Budget Report - 2018/19

 

For a breakdown on budget items for the agreed budget, please see:

Sutton Cheney Parish Council Budget - 2018-19

 

Annual Finance Statement 2016 - 2017

Income and Expenditure Account 2016 - 2017

List of Cheques Paid in 2016 - 2017

 

Monthly Financial Statements

Bank Reconciliation and Cashbook for January to February 2018

Bank Reconciliation and Cashbook for November to December 2017

Bank Reconciliation and Cashbook for September to October 2017

Bank Reconciliation and Cashbook for July to August 2017

 

Previous Financial Statements

Financial Statement for May 2017

Financial Statement for March 2017

 

Budget Monitoring 

Budget Report for the end of Q3

Budget Report for the end of Q4

 

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