Finance Committee

Members are summoned to attend a meeting of the Finance Committee of Longden Parish Council to be held on Wednesday 27th November 2024 at 10:00am at Longden Parish Hall. The meeting is to review the Budget recommendations for consideration by Full Council.

Caroline Higgins

Parish Clerk

1. Election of Chairman – To elect a Committee Chairman to serve until the next Annual Council meeting

2. Public Participation Session – An opportunity for members of the public to speak or ask a question on any item on the agenda, at the discretion of the Chairman

3. Apologies for absence – To receive apologies of absence for this meeting.

4. Declarations of Interest – To receive declarations of interest under consideration on this agenda in accordance with the Localism Act 2011 s32 and The Relevant Authorities (Disclosable Pecuniary Interests) Regulations 2012.

5. Minutes of Finance Committee Meeting – To approve and sign the minutes of the previous budget meeting, held on 22nd November 2023, (which were confirmed as accurate at the Full Council meeting in December 2023).

Minutes attached at Appendix A

6. Budget 2024 – 2025

i) To review expenditure to date against the 2024 – 2025 budget and note the projected outturn at the end of March 2025

Receipts and Payments Forecasting report attached as Appendix B

ii) To note the current reserves position and any committed expenditure.

Reserves Balance Report attached as Appendix C

iii) To consider the draft 2025 – 2026 budget and agree recommendations to the Parish Council.

Draft Budget Proposal attached as Appendix D

iv) To recommend a Precept sufficient to cover the budget proposed. (Precept was £38,853 in 2024/25. The Tax Base in 2024/25 was 559.74 Band D equivalents or £69.41 / Band D property / annum or £1.33 per property / week