The funding for parish councils is allocated by the district council and is taken from the area’s council tax; this is called an annual precept.
The income and expenditure for the next financial year are calculated in the form of estimate and this amount is added to the local council tax and then returned to the parishes in two half-yearly instalments.
The Clerk advised Councillors of the effect of the Council Tax Support Scheme on the Council Tax Base. If we keep the Precept at the current years’ figure of £18,500, because of the government’s change in formula with the Council Tax Support Scheme, the Council Tax Base for a Band D household would increase to £73.27 from £69.68 (5% increase) with a proportional increase for the other Bands. We would need to set the precept at £17,593.50 to keep the figure the same and we will be given a grant by Wycombe District Council to make up the shortfall.
It was resolved to set the precept at £17,593.50 at the meeting held on 8th January 2013