Ratby Parish Council is required, in accordance with the Accounts and Audit Regulations, to complete an Annual Return setting out Accounting Statements and an Annual Governance Statement for each financial year. These statements and their supporting documentation are audited by a delegated Councillor, the Council's Internal Auditor and an External Auditor.
The Precept for 2021/22 was agreed at the Virtual Parish Council meeting held on Tuesday, 10th November 2020. Details of the Precept budget as follows:
Ratby Parish Council Precept 2021/22 (£108,098.55)
The Council's estimated budget for the year commencing 1 April 2021 amounts to £257,672. This budget will allow the Parish Council to continue to provide improved facilities in the village.
The estimated expenditure is as follows:
Category: Council & Office Expenditure
Salaries(inc. PAYE/NI+ Pensions) £41947
Utilities - water/gas/electric/telephone/internet/IT costs £8325
Admin/Audit Office £3200
Room Hire - meetings etc. £450
Subscriptions - advisory bodies etc. £1050
Training/Travel expenses £300
Christmas expenses £8,500
Skip Hire £700
Dog waste service £4,000
Repairs & development £14,000
Category: Recreations Areas & Environment
General maintenance £28,000
Rent for Burroughs Rd – play area field £400
Play equipment maintenance £8,000
New Play equipment £15,000
Grounds maintenance £80,000
Seats,boards,signs,litter bins £6,000
Flower boxes, hanging baskets etc. £3,500
Category: Village Support
War Memorial £800
Youth Projects £10,000
Village sign £700
CCTV Maintenance £1,000
Category: Contingency (emergency repairs/consultancy etc.) £15,000
Parish and Town Councils raise their money primarily from a levy called a precept. Any Town or Parish within the district of Hinckley & Bosworth that precepts for more than £140,000 each year has to inform its residents of that fact and provide a breakdown of how it intends to spend it.
Each January this Council's precept is agreed by Members through a process of setting budgets which forecast the expected expenditure and income for the following financial year. The precept is collected by the Borough Council on behalf of the parish council in the form of Council Tax, to which all of Ratby's electorate contribute.