finance

Finances are presented to the Parish Council at each meeting.  The Council reviews all financial documents and spend within the previous month and against the budget.

Strict financial reviews are in place to ensure there is complete transparency with all Parish finances.

Gazeley Parish Council has resolved to agree no increase to the  2024/25 precept. It will remain at £20,500. Again the Parish Council will use the precept to continue to fund projects including grass cutting contracts.

The precept is calculated by looking at the cost of projects and initiatives for the coming year along with basic costs to run the council. The calculation for each household is based on a Band D house and is precept divided by council tax base = Band D equivalent cost.

The Council is always exploring cost-effective methods for delivering services and projects within the Parish and will continue to do so. 

Each year the Parish Council works with the Proper Officer (PO) to develop a budget for the key projects and overheads and to ensure that the expenditure does not go over the precept.  The Council also maintains a general reserve, normally six months of operating costs, as well as Earmarked Reserves designed to cover one-off and longer term projects. Budgets are prepared in draft from October with discussions at Full Council and a resolution in December / January to fix the precept for the following year.

To view the budgets  please click the links below.