The document summarizes Histon & Impington Parish Council's proposed budget and precept for 2014/15. Some key points: - The 2014/15 budget is over £400,000 including £121,000 for potential acquisition and early work on Bypass Farm. Excluding this, the budget is a 6% increase over the prior year. - Most committees underspent in 2013/14. The 2014/15 budget allocates extra funds for youth projects, Kings Meadow, payroll costs and supporting the Neighborhood Plan. - The budget includes both revenue and capital expenses, with some capital and revenue funded from reserves. This leaves a net funding need from the precept of about £287

1. 2014/15 budget and precept
Histon & Impington Parish Council
January 2014
January 2014
2014/15 precept and budget
1

2. The budget for 2014/15 is a
little over £400 thousand
Nett
2013/2014
actual
£295,308
Nett
2014/2015
budget
£404,041
Nett
2013/2014
budget
£333,462
13/14 A vs
13/14 B
-£38,154
14/15 B vs
13/14 A
£108,733
• That’s 21% up on this year’s budget and 37% up on the
year end estimate.
• However the 2014/15 budget includes £121 thousand
for the acquisition of and early site work related to
Bypass Farm
• Exclude this and there’s a reduction of 8% on this year’s
budget and an increase of just 6% on the year end
estimate
Nett
2013/2014
actual
£267,808
January 2014
Nett
2014/2015
budget
£282,991
Nett
2013/2014
budget
£305,962
13/14 A vs
13/14 B
-£38,154
2014/15 precept and budget
14/15 B vs
13/14 A
£15,183
2

3. This year most committees
will have underspent
• Specifically:
Committee
Planning
Youth
Recreation
Highways
Environment
Kings Meadow
Payroll
FL&A
Contingency
Total
January 2014
Nett
2013/2014
actual
£250
£13,651
£19,895
£4,686
£42,017
£500
£119,123
£67,686
Nett
2013/2014
budget
£3,906
£21,658
£18,333
£15,314
£53,110
£0
£122,560
£71,081
13/14 A vs
13/14 B
-£3,656
-£8,007
£1,562
-£10,628
-£11,093
£500
-£3,437
-£3,395
£267,808
£305,962
-£38,154
• in Youth fewer
projects were
delivered;
• in Highways there was
slow progress on
jointly funded
schemes; and
• in Environment
income was much
increased
2014/15 precept and budget
3

4. Next year we will increase
spend in some areas
• There will be extra
spending
Committee
Planning
Youth
Recreation
Highways
Environment
Kings Meadow
Payroll
FL&A
Contingency
Total
January 2014
Nett
2013/2014
actual
£250
£13,651
£19,895
£4,686
£42,017
£500
£119,123
£67,686
£267,808
Nett
2014/2015
budget
£7,200
£22,000
£16,135
£4,100
£29,503
£5,000
£126,863
£66,190
£6,000
£282,991
14/15 B vs
13/14 A
£6,950
£8,349
-£3,760
-£586
-£12,514
£4,500
£7,740
-£1,496
£6,000
£15,183
• to support the
Neighbourhood Plan;
• to deliver more Youth
projects
• to support King’s
Meadows; and
• to cover increased
payroll costs
2014/15 precept and budget
4

5. Bypass Farm is not yet an
approved project but …
• We will decide next month whether or not to acquire
the property.
• If we do then we will first of all conduct a
comprehensive consultation to determine what we
should do with it.
• It is then likely that we will begin spending on site
preparation late in 2014/early in 2015
• Long term it is likely that the Parish Council will need
to fund a substantial development and £20k plus per
year extra costs
• If we acquire Bypass Farm it can’t be used for housing
January 2014
2014/15 precept and budget
5

6. Our budget is a mix of
revenue and capital
• The capital element can be largely funded out of
reserves. Some revenue expenses can be similarly
funded.
• This leaves net funding from the precept of about £287K
Committee
Planning
Youth
Recreation
Highways
Environment
Kings Meadow
Community Facilities
Payroll
FL&A
Contingency
Total
January 2014
Budget
2014/2015
Revenue
£7,200
£22,000
£38,720
£1,600
£38,688
£200
£53,050
£126,863
£73,190
£6,000
£367,511
Budget
2014/2015
Capital
£0
£12,000
£2,500
£2,815
£4,800
£72,500
Income
2014/2015
£34,585
£12,000
£4,500
£0
£7,000
£94,615
£58,085
Nett
2014/2015
budget
£7,200
£22,000
£16,135
£4,100
£29,503
£5,000
£121,050
£126,863
£66,190
£6,000
£404,041
2014/15 precept and budget
From
reserves
£7,000
£2,500
£2,500
£4,800
£100,550
£117,350
Final Nett
2014/2015
£200
£22,000
£16,135
£1,600
£27,003
£200
£20,500
£126,863
£66,190
£6,000
£286,691
6

7. In 2013/14 our funding came
from a mix of sources
• The precept. This was the main part;
• Section 106 funding. This can be considerable but
cannot be budgeted in year because we don’t know
how much it will be or when it will be paid;
• Localised Council Tax Support. This is a grant from
central government paid via South Cambs and
amounted to £19288.
• South Cambs has indicated that it will not pay this support for
2014/15 despite central government being clear that it should
do so; and
• Draw down of reserves. In order to avoid an increase in
precept the Parish Council chose to do this.
January 2014
2014/15 precept and budget
7

8. This means that we have
limited options this year …
• The Parish Council has chosen to raise the precept by
an amount equal to the Local Council Tax Support Grant
which it is entitled to but will not receive
• This is £19288 and is 7.33% of the base precept and will
increase the precept to £282488
• That leaves £4203 unfunded
• The Parish Council proposes to fund this outstanding
amount from reserves.
2013/14 base precept
£263,200
Support Grant
sub total
£282,488
total need for 2014/15
£286,691
remaining
January 2014
£19,288
£4,203
2014/15 precept and budget
8