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Mid-Year Budget Review 2023-24

Revenue Budget

Income (gross) 
 Adopted BudgetComments Nov ’22Mid YearDifferenceYear End EstimatedDifferenceNotes
WDBC Precept£3,500.00 £3,500.000.003,500.000.00 
Council Tax Support Grant£0.00 £ 
VAT Refund£140.00 £137.33-2.67137.33-2.67Just under rounded figure
Election Funds from reserves£580.00 £0.00-580.000.00-580.00Election not required
Car Park Donations£420.00To cover actual costs only£610.00190.00610.00190.00Donations increased to cover cost
Interest£2.00 £0.00-2.000.00-2.00No interest bearing account
Taken from General Reserves£521.00For Royal Events£0.00-521.00385.20-135.80Less needed from reserves
Other£0.00 £184.67184.670.000.00 
Total£5,163.00£0.00£4,432.00-£731.00£4,632.53-£530.47Less needed from reserves
Expenditure (gross) 
Clerk’s Gross Salary£2,148.00Current salary (52.14 x 3.5 x £11.21) + 5%.  22/23 includes extra payment£1,025.72£1,122.282,228.20-80.20Current salary (52.14 x 3.5 x £11.21) + 8.92%.  Current pay offer £1 on hourly paid which this shows, has just been agreed
Training Courses and conferences£125.00Reduced to limit costs – Allow for 1 x new Cllr (£72) plus odd course only£27.00£98.0063.0062.00New councillor does not want training. Only DALC conference and planning training agreed.
Internal Auditor Honorarium£25.00No increase£25.00£0.0025.000.00 
Administration Costs£80.00Inflationary£50.02£29.9870.029.98Assumed more paper and postage will be needed, but still under budget
Insurance£160.00Inflationary£145.80£14.20145.8014.20Same as last year
Information Commissioner’s Fee£35.00 £35.00£0.0035.000.00 
Election Costs£740.0050% as advised – WDBC pick up other 50%£0.00£740.000.00740.00No Election
To Election Reserve£160.00 £160.00£0.00160.000.00 
Subscriptions£120.00DALC & SLCC (Shared with Sticklepath)£141.98-£21.98141.98-21.98DALC 50% increase
Village Hall Rent£60.00Inflationary£0.00£60.0060.000.00Will be paid in February can only estimate
Village Hall Website£70.00Inflationary£0.00£70.0075.00-5.00Was £75 last year
Car Park Maintenance£420.00Will be covered by donations£611.11-£191.11611.11-191.11Higher than expected, but covered by donations
To Car Park Reserve£75.00 £75.00£0.0075.000.00 
Asset Repairs£75.00Added contingency£0.00£75.000.0075.00Assumed no repairs this year
Section 137 Grants£60.00Same as last year£30.00£30.0060.000.00Assuming Citizen’s Advice as usual and no others
Coronation Project£660.00Reserve£385.20£274.80385.20274.80Engraving cheaper without panel
Contingency£200.00Increased in light of other reductions£0.00£200.00100.00100.00Allowed for contingency for half year!
Email and Data Storage£110.00Best Practice£80.64£29.36103.686.32Data storage for clerk still to come, but still under budget as same costs as currently no increases
Total£5,323.00 £2,792.47£2,530.53£4,338.99£984.01Cheaper engraving and saved cost of election
Budget Balance-£160.00 £1,639.53-£3,261.53£293.54£453.54