Budget and Annual Return

Budget

The Parish Council considers and approves its budget during December and January for the forthcoming financial year and decides what funds are required in order to carry out the business of the Council in serving the local community.

The Council also considers when and how much of the budgeted funds should be spent on any particular projects within the Parish. The forecast end of year carry-forward funds held by the Council is then off-set against the budget to leave the Precept amount; this is the amount required from South Staffordshire Council, collected on behalf of the Parish Council, from local tax payers via Council Tax.

Historical data
2019/2020
Precept – £195,000
Budget – £325,812

2020/2021
Precept – £202,800 (4% increase on last year – £1.56 per annum or 3p per week)
Budget – £356,367

2021/2022
Precept – £221,052 (9% increase on last year – £3.63 per annum or 7p per week)
Budget – £318,181

For the Financial Year 2022/2023, the Parish Council have submitted a Precept demand of £238,736 to support a budget expenditure of £390,205. This represents an 8% increase on the 2021/2022 precept, equating to £2.46 increase per annum on a Band D property, or 5p per week.

For more information about how the Parish Council arrived at the budget and precept for 2022/2023, please see minutes here F&GP_Minutes 10th January 2022.pdf (wombourneparishcouncil.org.uk)

2022/2023 Budget

INCOME Budgeted
21/22
Total Actual
to 30.11.21
Projected
to 31.3.22
Total Forecast
21/22
Proposed
Budget
2022/23
Parish council 222,984.50 242,781.29 169,18.50 259,699.79 240,553.50
Civic Centre 68,029 51,855.55 29,023.40 80,878.95 63,752.15
Recreation and Amenities 1,500 2,955 1,220 4,175 4,200
S106 funds 0.00 0.00 0.00 0.00 0.00
Gross income (A) 292,513.50 297,591.84 47,161.90 344,753.74 308,505.65
EXPENDITURE Budgeted
21/22
Total Actual
to 30.11.21
Projected
to 31.3.22
Total Forecast
21/22
Proposed
Budget
2022/23
Parish council 18,0421 117,086.37 52,351.82 169,438.19 224,836
Civic Centre 117,460 64,599.56 29,161.76 93,761.32 143,769
Recreation and Amenities 20,550 5,562.11 7,945 13,507.11 21,600
S106 funds 0.00 0.00 0.00 0.00 0.00
 

 

 

 

Budgeted
21/22
Total Actual
to 30.11.21
Projected
to 31.3.22
Total Forecast
21/22
Proposed
Budget
2022/23
Gross Expenditure (B) 318,431 187,248.04 89,458.58 276,706.62 390,205
Surplus (A-B) -25,917.50 -110,343.80 -42,296.68 68,047.12 -99,383.35

You can find a copy of the Council’s publication scheme here – Wombourne Parish Council – Publication Scheme

Annual Return

Please note that where there is an Annual Governance Statement and Accounting Statement without a notice of a conclusion of audit, these statements have not yet been reviewed by the external auditor and therefore may be subject to change.

Due to the Coronavirus pandemic and the lockdown, there may be a delay in publishing the audit documentation for the period 2019/2020 – we apologise for the delay.

Please note that these are PDF documents, please click on the document to open it.

If you have any queries, please do not hesitate to contact the Parish Council office on 01902 896300.