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Cotgrave Town Council leaflet

Cotgrave Town Council Budget Summary 2024/25

Budget Summary 2024/25

Cotgrave Budget Summary 2024-25

Description

2023/24
£

2023/24
£
Financial and General Purposes 122,785 126,035
Environment 103,402 91,200
Allotments -2,200 -2,000
Sports Pavilion 1,600 2,375
Grants 12,400 11,900
Community Events 15,825 15,375
Cotgrave Futures 1,000 1,250
Contingency 0 0
Lightsource Grant -6,900 -
Total 247,912 264,135

 

Funding of 2024/2025 Budget

(Comparable 2023/2024 figures in brackets)

Precept on Local Council Taxpayers: £247,912 / (£246,135)

Tax Base: 2433.8 / (2433.8)

 

Precept for Band D Property £101.86 (£101.13) or £1.96 (£1.94) per week is a percentage change 0.7% increase (1%) on 2023/24.

 

Administration Budget Summary 2023/2024

Year

Tax Base

Leisure Centre Contribution
£
2016-2017 2051.9 19,100
2017-2018 2191.9 19,482
2018-2019 2303.4 19,871
2019-2020 2344.7 20,268
2020-2021 2418.5 20,572
2021-2022 2431.9 20,800
2022-2023 2433.8 0
2023-24 2433.8 0
2024-25 2433.8 0

 

The contribution to the Leisure Centre was to increase in line with an estimated Retail Price Index (RPI) figure from 1 April 2012 until it is reviewed with Rushcliffe Borough Council. The leisure contribution ceased from October 2021, due to Cotgrave Town Council relocating its office and garage facilities.

Council Administration Budget - Budget Summary 2024-2025

Council Administration Budget Summary 2024/2025

Finance and General Purposes

Expenditure
£

Income
£

Net Cost
£
Wages 95,270 0 95,270
Establishment Costs  32,765  -5,250  32,515
Precept Received  -  -247,912  -247,912
Lightsource Community Fund*  0  -6,900 -6,900 
Community Events  16,625  -800  15,825
Contingency  0  0  0
Finance and General Purposes  144,660  -260,862  -116,202

 *Light Source funding has been awarded to Cotgrave TC from May 2016 for a period of 20 years.

Council Administration Budget - Budget Detail 2024-2025

Council Administration Budget Detail 2024/2025

Finance and General Purposes

Expenditure
£

Income
£

Net Cost
£
Wages Expenditure Income Net Cost
Council Admin Salaries  91,270 - -
F&GP Members Allowances  0 - -
Wages Contingency  2,000 - -
Financial Work   2,000 - -
Total – Wages 95,270 0 95,270
Establishment Costs Expenditure Income Net Cost
DBS (CRB) Disclosures  0 -  -
Internal Audit  400  -  -
External Audit  900  -  -
Legal & Professional Fees  0  -  -
Subscription  2,000  -  -
Information Commissioner  50  -  -
Insurance  9,000  -  -
Training & Mentoring  700  -  -
Conferences  500  -  -
Travel  100 -  -
Newsletter  5,100  -  -
Stationery  250  -  -
Postage  25 -  -
Photocopying  0  -  -
Telephones  750  -  -
Cotgrave Town Council Website  0  -  -
Health & Safety   0  -  -
Council Hospitality   70  -  -
Equipment Servicing   0  -  -
Office Repairs/Maintenance   300  -  -
Computer Hardware/Software   0  -  -
Capital/New equipment  0 - -
Studio 3 Rental  0  -  -
Election Fund  0  -  -
Other Expenditure  0  -  -
Bank Charges 120 -  -
Rates  3,250  -  -
Meeting Room Hire   0  -  -
Suite F Rent/Service Charge  7,500  -  -
Suite F Electricity  1,700  -  -
Interest received - -5,000 -
Advertising income - -250 -
CIL income - 0 -
Total – Establishment Costs  32,765
 -5,250 27,515
Precept Received Expenditure Income Net Cost
Precept - -247,912 -
Total - Precept Received  0 -247,912 -247,912
Lightsource Community Fund Expenditure  Income  Net Cost 
Lightsource Project - -6,500 -
Total – Community Events  - -6,500 6,900
Community Events Expenditure  Income  Net Cost 
Christmas Event 4,700 -300 -
Safari  0  -200  -
Cotgrave Festival  2,500  0  -
Other Community Events  2,500 -300  -
Youth  6,925  -  -
Total - Community Events   16,625  -800 15,825
Contingency Expenditure Income  Net Cost
Replacements & Refurbishments  0 -  -
Total - Contingency 0 0 0

 

Recreation and Parks Committee Budget Summary 2024/25

Recreation and Parks Committee Budget Summary 2024-25

Recreation and Parks

Expenditure
£

Income
£

Net Cost
£
Environment 115,002 -11,600 103,402
Allotments  1,300  -3,500  -2,200
Sports Pavilion 3,600  -2,000  1,600
Recreation and Parks  119,902  -17,100 102,802

 

Recreation and Parks Committee Budget Detail 2024/25

Recreation and Parks Committee Budget Detail 2024-25

Recreation and Parks

Expenditure
£

Income
£

Net Cost
£
Environment Expenditure Income Net Cost
Salaries 71,052 - -
Insurance (vehicle)   700  -  -
Training & Mentoring   300  -  -
Health & Safety   500  -  -
Capital/New Equipment  0  -  -
Safety Clothing   200  -  -
Plant Baskets   3,750  -  -
Dog Bin & Rubbish Cleaning   600  -  -
Hedge Cutting   2,500  -  -
Tractor Maintenance   1,000  -  -
Fuel   1,500  -  -
CCTV Maintenance  0  -  -
Grounds Maintenance   11,000  -  -
Repairs/ Maintenance   1,250  -  -
Gritting Salt  100  -  -
Bark Top Up 500  -  -
Leases – Parks & Allotments   1,250  -  -
Play Equipment Maintenance   2,000  -  -
ROSPA Inspections   1,500  -  -
Tools & Consumables   1,500  -  -
MUGA Costs   750  -  -
Community Warden   0  -  -
Other Expenditure   750  -  -
Shopping Centre Clearance    -8,000  -
Annual Fair & Circus     -600  -
Grass Cutting     -3,000  -
Unit 28 Rent 7,500 -  -
Unit 28 Rates  3,500  -  -
Unit 28 Water 750  -  -
Unit 28 Electricity 500  -  -
Mileage allowance  50  -  -
Total – Environment 115,002 -11,600 103,402
Allotments Expenditure  Income   Net Cost 
Insurance 0 - -
Water  1,000  -  -
Allotment Maintenance  300  -  -
Allotment Rental Income  -  -3,500  -
Total – Allotments  1,300  -3,500 -2,200
Sports Pavilion Expenditure  Income   Net Cost 
Pavilion Lease 1,200 - -
Pavilion Repairs & Maintenance  700  -  -
Electricity  1,000  -  -
Septic Tank Emptying   200  -  -
Annual Testing   500  -  -
Colts Income  -  -2,000  -
Total – Sports Pavilion 3,600 -2,000 1,600

 

Cotgrave Futures - Budget Summary 2024-2025

Cotgrave Futures - Budget Summary 2024-25

Cotgrave Futures

Expenditure
£

Income
£

Net Cost
£
Building Maintenance 1,000 - -
Cotgrave Futures CCTV  0  -  -
Total – Cotgrave Futures
  1,000  0  1,000

 

Grants - Budget Summary 2024-2025

Grants Budget Summary 2024-25

Grants

Expenditure
£

Income
£

Net Cost
£
British Legion 400 - -
Community Fireworks Display  3,000  -  -
Centre Contribution  0  -  -
Community Grants 4,000 - -
Pensioners Event – S137 5,000 - -
Total – Grants 12,400  0  12,400

 

Summary of Financial Transactions for Cotgrave Town Council 2024-2025

The summary will be divided up into two sections as follows:

Section 1 Explanatory details on:

  1. Sources of income
  2. Areas of expenditure

Section 2 Financial detail on:

  1. Income
  2. Expenditure
  3. Reserves

Section1

  • a) Sources of income
    • Precept on Council tax as set by Cotgrave Town Council
    • Other Services
      1. Shopping centre clearance
      2. Grass cutting
      3. Pitch and sportsground rental
      4. Allotments
      5. Annual fair
      6. Community projects
      7. Interest
  • b) Areas of expenditure
    • Administration staff 1 full time and 1 part time
    • Maintenance staff 2 part time
    • Park Keeper staff 3 part time
    • Hanging Baskets
    • Bins, benches, and dog bins
    • Vehicle Maintenance
    • Ridley Sportsground pavilion
    • Grass cutting, boarders and shrubs, etc.
    • Play equipment at the Green, Grassmere, Broadmeer, Ring Leas
    • Open spaces at the Green, Grassmere, Ring Leas, Maddison Park
    • Grants
    • Pitches at Ridley Sportsground (Home of the Cotgrave FC), Maddison Park, Multi Use Games facility
    • Allotments at Burhill, Forest Close and Hollygate
    • Capital Projects
    • Elections 
    • Clearance and general maintenance
    • Newsletter
    • Community projects and events
    • Councillor allowances (* see note)
    • Leisure Centre Revenue Subsidy (# see note)

Note #: In 1997 in order to secure a swimming pool for Cotgrave, Cotgrave Town Council signed a legal agreement with Rushcliffe Borough Council.  This agreement is in the form of a lease, whereby Cotgrave Town Council leases its office and workshop within the Cotgrave Leisure Centre for a period of 99 years.  As part of this lease Cotgrave Town Council agreed to pay a revenue subsidy each year towards the running of the leisure centre, subject to inflation.  For 2021/2022 this subsidy amounts to £20,800.

Leisure Centre Contribution ceased in October 2021, due to relocation of council office and garage.

Note *: Elected only Councillors are entitled to claim an allowance of £250 per annum, although some councillors may choose to opt out.  The Chair will be paid extra in recognition of his/her extra responsibilities and workload – i.e., £250 plus an additional honorarium (£1000) in recognition of the Chair’s greater input.

Councillors agreed not to call for councillors allowance in 2024/25 due to the financial impact at the current time.

Section 2

a) Income

  • Precept £247,912
  • Other Sources £30,050

Total £277,962

b) Expenditure

  • Recreational and Parks £119,902
  • Finance and General Purposes £144,660
  • Grants £12,400
  • Leisure Centre Revenue Subsidy £0
  • Cotgrave Futures £1,000

Total £277,962

c) Reserves at 31 March 2022

  • General Reserve - £70,072
  • Programmed Projects - £23,228
  • Election Reserves - £5,000
  • Play Equipment Contingency - £0
  • Play Equipment Replacement - £0
  • Community Reserve - £32,299
  • Parish Paths - £874
  • Town Plan - £3,809
  • Youth Council - £2,000
  • New Premises - £120,000
  • Play Space - £3,166
  • CCTV Digital Recorder - £7,000
  • Light source Funding - £9,629
  • Shared Access £0
  • Allotment Maintenance - £7,214
  • Ear Marked CIL (Community Infrastructure Levey) £11,101

Total £295,392

More details of Cotgrave Town Council’s financial accounts can be obtained by using one of the following sources:

  • Local Notice Boards
  • Internet on www.cotgrave-tc.gov.uk or email clerk@cotgrave-tc.gov.uk
  • By telephone on 0115 989 3876/ 07497 495 105
  • By calling in at Cotgrave Town Council Office

Please Note: Cotgrave Town Council have agreed to use £19K from reserves to reduce the tax burden on the residents.

Where Your Council Tax Goes