Keyworth Parish Council - Summary of income & expenditure

Keyworth Parish Council - summary of income and expenditure

Items	Budget 2005/6	Budget 2006/7
TOTAL EXPENDITURE	172689	172689*
Payroll costs	58200	56117
Other overheads	33680	38840
Amenities	7050	8850
Publicity/Events	4000	4000
Recreation Facilities	43656	45318
Grants/Donations	2500	2500
Loan Repayments	14679	14679
Sundries	5650	5650
TOTAL REVENUE EXPENDITURE	169415	175954
Village Hall Hire Charges	19800	20900
Burial Ground Fees	4000	3750
Other Income	2570	2290
TOTAL INCOME	26370	26940
TOTAL NET REVENUE EXPENDITURE	143045	149014
Sundry Capital Expenditure	5000	5000
Capital Projects	24644	18675
TOTAL CAPITAL EXPENDITURE	29644	23675*

Funded as follows:

TOTAL PER BOROUGH COUNCIL	172689	172689
Less Transitional Project Grant	7488	4992
PARISH COUNCIL PRECEPT	165201	167697

From the figures above, it will be seen that the Parish Council will be claiming no more from the Borough Council than it did the previous year, any increase in the precept being entirely a result of the reduction in the Borough Council's transitional protection grant.

Reserves

The Parish Council is obliged to maintain funds in reserve for emergency/contingency purposes. The Council's reserves as at 31.3.05 totalled £156921 which included earmarked reserves (amounts set aside to fund specific commitments or long term development plans) of £111982. The Council will continue to monitor the level of its reserves on an ongoing basis and any funds considered surplus to requirements will be used to reduce future precepts.