End of Year Budget Review 2023-2024
| Belstone Parish Council Revenue Budget 2023-2024 | ||||||||
| Income (gross) | ||||||||
| 30/09/2023 | 31/03/2024 | |||||||
| Code | Budget | Comments Nov ’22 | 2nd Quarter | 4th Quarter | Difference | Comments End of Year | ||
| A | WDBC Precept | £3,500.00 | £3,500.00 | £3,500.00 | 0.00 | |||
| B | Council Tax Support Grant | £0.00 | £0.00 | £0.00 | 0.00 | |||
| C | VAT Refund | £140.00 | £137.33 | £137.33 | -2.67 | Just under rounded figure | ||
| D | Election Funds from reserves | £580.00 | £0.00 | £0.00 | -580.00 | Election not required | ||
| E | Car Park Donations | £420.00 | To cover actual costs only | £566.00 | £610.00 | 190.00 | Car Park cost more than planned | |
| F | Interest | £2.00 | £0.00 | £0.00 | -2.00 | No interest-bearing account | ||
| G | Taken from General Reserves | £521.00 | For Royal Events | £0.00 | £0.00 | -521.00 | Less needed from reserves | |
| H | Other | £0.00 | £184.67 | £184.67 | 184.67 | Tax Refund (Carried over from last year) | ||
| Total | £5,163.00 | £0.00 | £4,388.00 | £4,432.00 | -£731.00 | External income more than expected Transfers from reserves not needed | ||
| Expenditure (gross) | ||||||||
| A | Clerk’s Gross Salary | £2,148.00 | Current salary (52.14 x 3.5 x £11.21) + 5%. 22/23 includes extra payment | £1,025.72 | £2,228.21 | -£80.21 | Salary increase more than expected | |
| D | Training Courses and conferences | £125.00 | Reduced to limit costs – Allow for 1 x new Cllr (£72) plus odd course only | £0.00 | £27.00 | £98.00 | No New Councillor course taken, only conference | |
| E | Internal Auditor Honorarium | £25.00 | No increase | £25.00 | £25.00 | £0.00 | ||
| F | Administration Costs | £80.00 | Inflationary | £50.02 | £50.02 | £29.98 | Under budget | |
| G | Insurance | £160.00 | Inflationary | £145.80 | £145.80 | £14.20 | No increase | |
| H | Information Commissioner’s Fee | £35.00 | £35.00 | £35.00 | £0.00 | |||
| I1 | Election Costs | £580.00 | 50% as advised – WDBC pick up other 50% | £0.00 | £0.00 | £580.00 | No Election | |
| I2 | To Election Reserve | £160.00 | £160.00 | £160.00 | £0.00 | |||
| J | Subscriptions | £120.00 | DALC & SLCC (Shared with Sticklepath) | £141.98 | £141.98 | -£21.98 | DALC large increase | |
| K | Village Hall Rent | £60.00 | Inflationary | £0.00 | £45.00 | £15.00 | No increase | |
| L | Village Hall Website | £70.00 | Inflationary | £0.00 | £50.00 | £20.00 | No increase | |
| M1 | Car Park Maintenance | £420.00 | Will be covered by donations | £611.11 | £611.11 | -£191.11 | Higher than expected, donations covered | |
| M2 | To Car Park Reserve | £75.00 | £75.00 | £75.00 | £0.00 | |||
| N | Asset Repairs | £75.00 | Added contingency | £0.00 | £0.00 | £75.00 | No repairs | |
| P | Section 137 Grants | £60.00 | Same as last year | £30.00 | £60.00 | £0.00 | ||
| R | Coronation Project | £660.00 | Reserve | £385.20 | £385.20 | £274.80 | Engraving cheaper without panel | |
| S | Contingency | £200.00 | Increased in light of other reductions | £0.00 | £0.00 | £200.00 | Not used | |
| T | Email and Data Storage | £110.00 | Best Practice | £0.00 | £80.64 | £29.36 | Data donated by Simon Hill | |
| Total | £5,163.00 | £2,684.83 | £4,119.96 | £1,043.04 | Cheaper engraving and saved cost of election, offset other increases | |||
| Budget Balance | More income than expenditure | £312.04 | ||||||