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Document Summary
Type: PDF
Size: 105 KB
Date: March 2026
Description: Precept Demand Supporting Statement - Witham 2026/27 - Precept details
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Precept Demand Supporting Statement
Budget
(anticipated spend)
Gross Expenditure by category Prior Financial Year
2025/26 (£)Current Financial Year
2026/27 (£)Central Services 434,367.00 481,013.00 Environment 286,508.00 293,946.00 Community 261,378.00 331,931.00 Policy and Resources 48,737.00 44,237.00 Planning and Transport 5,000.00 5,000.00 Maltings Lane Community Centre 21,965.74 51,600.00 Total Gross Expenditure 1,057,955.74 1,207,727.00 Gross Income by category Prior Financial Year
2025/26 (£)Current Financial Year
2026/27 (£)Central Services -24,500.00 -24,500.00 Environment -1,650.00 -1,650.00 Community -71,050.00 -80,550.00 Policy and Resources -14,000.00 -18,000.00 Planning and Transport 0.00 0.00 Witham Community Centre -7,500.00 -17,000.00 Total Gross Income
(including grants/government funding)-118,700.00 -141,700.00 Totals Prior Financial Year
2025/26 (£)Current Financial Year
2026/27 (£)Total Net Expenditure 939,255.74 1,066,027.00 Transfer to / from (+ / -) Earmarked Reserves** 98,010.00 46,000.00 Transfer to / from (+ / -) General Reserves - - Total transfer to / from (+ / -) Reserves 98,010.00 46,000.00 Precept required (balancing figure) 1,037,265.74 1,112,027.00 Tax Base 9322.93 9462.71 Band D rate 111.26 117.52 Explanation of Variances
Expenditure variances: This will be the first full year of operating the new Witham Community Centre which is reflected in the budget. Alongside this, the council is continuing to invest in community safety with a commitment to continue the Streetwarden scheme. A Community Safety Officer has also been employed to work in partnership with the Streetwarden and Police. Witham Town Council is also increasing the number of events it is holding this year, adding Open Gardens and a Summer Fayre to its popular calendar.
Income variances: The Witham Community Centre is expected to increase income generated this financial year, alongside an increase in projected income from interest on funds held.
Reserve variances: A smaller increase in earmarked reserves than last year has been accounted for. The reserve increase will be used to fund an extension to the CCTV system, to cover anticipated tree works and to build up funds to cover the upcoming election costs.