Witham precept details - Parish precepts

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You should contact Witham Town Council with any questions about these figures.

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Document Summary

Type: PDF
Size: 104 KB
Date: February 2025
Description: Precept Demand Supporting Statement - Witham 2025/26

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Precept details

Precept Demand Supporting Statement

Budget

(anticipated spend)

Gross Expenditure by category Prior Financial Year
2024/25 (£)		 Current Financial Year
2025/26 (£)
Central Services 406,046.00 434,367.00
Environment 260,013.00 286,508.00
Community 265,255.00 261,378.00
Policy and Resources 46,625.00 48,737.00
Planning and Transport 14,000.00 5,000.00
Maltings Lane Community Centre 0.00 21,965.74
Total Gross Expenditure 991,939.00 1,057,955.74

 

Gross Income by category Prior Financial Year
2024/25 (£)		 Current Financial Year
2025/26 (£)
Central Services -18,500.00 -24,500.00
Environment -1,650.00 -1,650.00
Community -80,050.00 -71,050.00
Policy and Resources -14,000.00 -14,000.00
Planning and Transport 0.00 0.00
Maltings Lane Community Centre 0.00 -7,500.00
Total Gross Income
(including grants/government funding)		 -114,200.00 -118,700.00

 

Totals Prior Financial Year
2024/25 (£)		 Current Financial Year
2025/26 (£)
Total Net Expenditure 877,739.00 939,255.74
Transfer to / from (+ / -) Earmarked Reserves** 64,735.00 98,010.00
Transfer to / from (+ / -) General Reserves - -
Total transfer to / from (+ / -) Reserves 64,735.00 98,010.00
Precept required (balancing figure) 942,474.00 1,037,265.74
Tax Base 9128.85 9322.93
Band D rate 103.24 111.26

 

Explanation of Variances

Expenditure variances: Inflationary pressures throughout the budget (although these have been minimised wherever possible). Introduction of a Maltings Lane Community Centre budget as the District Council expects this to be finished at the start of 2026.

Income variances: Income expected from the new Maltings Lane Community Centre and income from Hall Hires are expected to increase.

Reserve variances: initial expenditure predicted for Maltings Lane Community so EMR increased. Taken over management of Charter Market so EMR created.