The precept is the Parish Council's share of the council tax. The precept demand goes to the billing authority, the County Council, which collects the tax for the Parish Council. The 'Precept' is converted into an amount per Council Tax Band that is added onto the Council Tax bill.
Town Council income and expenditure for the next financial year are calculated in the form of estimates. The resulting net amount (the precept) is added to council tax, collected by the County Council (principal authority) and paid to the parish in two six-monthly instalments.
Parish and Town Councils can apply for other funding such as grant and funding awards, but they do not receive funds direct from central government, as principal authorities do.
BUDGET
The Town Council's budget is agreed each year in preparation for determining the following years Precept.
EXPENDITURE
Additionally in line with the Localism Act 2011, to promote transparency regarding use of public money the Council will publish monthly expenditure of all payments to suppliers for goods and services and grants over £500 (including VAT), including all individual invoices, grant payments, payments to other public bodies, expense payments or other such transactions. Details of credit notes will also be published.
Salary payments to staff are not included, nor compensation payments made to individuals. Publication of certain other transactions may be redacted or be exempt from publication.
COMMUNITY INFRASTRUCTURE LEVY FUNDS
Malmesbury Town Council will use Community Infrastructure Levy Funds that it receives strictly in accordance with the Government’s CIL regulations which state that these funds must be used “to support the development of the local area by funding
(a) the provision, improvement, replacement, operation or maintenance of infrastructure; or
(b) anything else that is concerned with addressing the demands that development places on an area.”
To view the 2023/24 receipt and use of Community Infrastructure Levy (CIL) please download below.
For queries please contact the Town Council's Responsible Financial officer, who is the Town Clerk.
