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Finances 2011/12

This is how the Parish Council spent your money during the year 2011/12. The figures are taken from the unaudited accounts presented at the Annual Parish Meeting in May 2012. Individual items have been grouped to give a better sense of the areas of income and expenditure. If you have any questions relating to these figures or would like to make a comment please use the contact us page and get in touch.

The Parish Council must set a precept in December in time for the District Council to prepare council tax bills for the following year. A budget is also set during the same time, this shows how and what the Parish Council intends to spend during the next year.

Receipts

This is a breakdown of the money received by the Parish Council during the year. Some of this income may be part of an activity that also incurs cost. For example, the income from sports and recreation is mainly the contribution made by the Sports Club towards water and electricity as part of their lease agreement and the Parish Council will have paid the full bill.

As we are a local authority we do not pay VAT therefore you will see that VAT appears in both the receipts and payments sections, showing how we have paid and then recovered the cost.

Item Amount
Precept £26,500
Sports and recreation £3,021
Allotments £493
Newsletter £352
VAT £2,524
Pond Swale £6,313
Sundry £471

Payments

This is how we spent the money we received during the year and, again, the individual items have been grouped in similar headings to give a better sense of what we spent the money on.

Item Amount
Administration £6,040
Sports and recreation £8,387
Allotments £446
Newsletter £832
 VAT £2,509
Open space maintenance £6,682
Sundry £405
Playgrounds £2,022
New Bench £563

Reserves

We are holding the following reserves. Some are for specific purposes and some are held as part of good financial practice.

Item Amount
New sports pavilion £15,322
Bartholomew Close open space £2,441
Playground refurbishment £4,100
Playing field improvements £1,530
Pond Swale £6,313
General reserves £19,450
Total reserves £49,156

Permanent link to this article: http://www.ducklingtonparishcouncil.gov.uk/the-council/finances-201314/finances-201112/