© Collingbourne Ducis Parish Council 2017
Parish Council Clerk’s Finance Report  12th May 2016
   Summary of the Council’s financial performance for the year ended 31 March 2013. The Clerk presented the following summary:  The Parish Council’s financial reserves for FY 15/16 at £19,882 were £8010 lower than last year which was mainly due to the expenditure on the Play Area Project.  The total expenditure was £37,082 against a budget of £39,537.  Income was £29,072 against a budget £23,392 with most of the surplus being a £5K grant from the TAB in support of the Play Are Project plus donations to the Xmas Brunch event.  Furthermore, reserves now stand at £19,882 against £27,892 for FY 15/16 of which £4K is earmarked for spending on a Burial Ground Lighting Project in FY 16/17.  It is The Parish Council's intention to consider formally setting reserves level at 50-100% of the Precept e.g. £10,000-£20,000 for FY 16/17 reviewed annually at the Annual Meeting of the Parish Council taking into account any future projects. There were no questions from those present.