Budgets and Precept

Budget Summary

2020/2021

 2020-20212019-2020
Finance & General Purposes109,275106,860
Environment72,83571,088
Allotments-1,200-450
Sports Pavilion2,650-650
Grants31,87227,918
Community Events10,28411,284
Cotgrave Futures1,2501,250
Contingency2,0002,000
   
Total228,966219,300

Funding of 2019/2020 Budget

(Comparable 2019/2020 figures in brackets)

Precept on Local Council Tax Payers228,966
 (219,300)
  
Tax Base2418.5
 (2344.7)

Preceptfor Band D Property £94.67 (£93.53) or £1.82 (£1.80) per week an increase of 1.22% (increase 0.3%) on 2019/20

Tax Base  Leisure Centre Contribution
2013-20141866 2013-201418,166
2014-20151873 2014-201518,530
2015-20161928.9 2015-201618,900
2016-20172051.9 2016-201719,100
2017-20182191.9 2017-201819,482
2018-20192303.4 2018-201919,871
2019-20202344.7 2019-202020,268
2020/20212418.5 2020-202120,572

The contribution to the Leisure Centre is to increase in line with an estimated RPI figure from 1st April 2012 until it is reviewed with Rushcliffe Borough Council. 

Council Administration Budget

Budget Summary 2020-2021

Council Administration Budget Summary 2020-2021
     
Finance & General PurposesExpenditureIncomeNet Cost 
Wages81,300081,300 
     
Establishment Costs29,375-140027,975 
     
Precept Received -228,966-228,966 
     
Lightsource Community Fund5,700-5,7000 
     
Community Events13,504-322010,284 
     
Contingency2,00002,000 
     
Finance & General Purposes131,879-239,286-107,407 
Council Administration Budget Detail 2019-2020
    
    
Finance & General PurposesExpenditureIncomeNet Cost
Wages   
    
Council Admin Salaries69,000  
F&GP Members Allowances4,500  
Wages Contingency6,800  
Financial Work1,000  
    
Total – Wages81,300081,300
    
    
Establishment Costs   
    
DBS (CRB) Disclosures100  
Internal Audit200  
External Audit Legal & Professional Fees600 1000  
Subscription1,500  
Information Commissioner50  
Insurance5,000  
Training & Mentoring300  
Conferences400  
Travel50  
Newsletter6,500  
Stationery300  
Postage25  
Photocopying200  
Telephones600  
Cotgrave Town Council Website500  
Health & Safety200  
Council Hospitality150  
Equipment Servicing50  
Office Repairs/Maintenance300  
Computer Hardware/Software Capital/New equipment1000 250  
Studio 3 Rental6,000  
Election Fund2,500  
Other Expenditure200  
Interest Received -400 
Advertising Income Bank Charges Rates  100 1300-1,000 
    
Total – Establishment Costs29,375-1,40027,975
    
        
    
                          
    
  Expenditure Income Net Cost
Precept Received   
    
Precept -228,966 
    
Total – Precept Received0-228,966-228,966
    
    
Lightsource Community Fund   
    
Lightsource Project5,700-5,700 
    
Total – Community Events5,700-5,7000
    
    
Community Events   
    
Christmas Event5,000 -100 
Safari50 -120 
Cotgrave Festival3,000      -3000 
Other Community Events1500 
Youth5,304  
    
Total – Community Events13,504-3220-10284
    
    
Contingency   
    
Replacements & Refurbishments2,000  
    
Total – Contingency2,00002,000
    
    
Finance & General Purposes131,879-239,286-107,407

Recreation and Parks Committee

Budget Summary 2020-2021

Recreation and Parks Budget Summary 2020-2021
    
Recreation & ParksExpenditureIncomeNet Cost
Environment79,685-6,85072,835
    
Allotments1,300-2,500-1,200
    
Sports Pavilion2,750-1002,650
    
Recreation & Parks83,735-9,45074,285


Recreation and Parks Budget Detail 2020-2021
    
    
Recreation & ParksExpenditureIncomeNet Cost
Environment   
    
Salaries49,325  
Insurance (vehicle)700  
Training & Mentoring250  
Health & Safety200  
Capital/New Equipment0  
Safety Clothing300  
Plant Baskets4,000  
Dog Bin & Rubbish Cleaning350  
Hedge Cutting1,500  
Tractor Maintenance1,000  
Fuel1,500  
CCTV Maintenance0  
Grounds Maintenance9,060  
Repairs/Maintenance1,000  
Gritting Salt200  
Bark Top Up 1,500  
Leases – Parks & Allotments1,000  
Play Equipment Maintenance2,000  
ROSPA Inspections1,200  
Tools & Consumables400  
MUGA Costs600  
Community Warden3,500  
Other Expenditure 100  
Shopping Centre Clearance -3,600 
Annual Fair & Circus -500 
Grass Cutting -2,750 
    
Total – Environment79,685-6,85072,835
    
    
    
  Allotments   
    
Insurance300  
Water Allotment Maintenance800 200  
Allotment Rental Income -2,500 
    
Total – Allotments1,300-2,5001,200
    
    
Sports Pavilion   
    
Pavilion Lease900  
Pavilion Repairs & Maintenance500  
Electricity600  
Septic Tank Emptying150  
Annual Testing600  
Colts Income -100 
    
Total – Sports Pavilion2,750-100-2,650
    
    
Recreation & Parks83,735-9,45074,285


Cotgrave Futures

Budget Summary 2020-2021

Cotgrave Futures Budget 2020-2021
    
    
Cotgrave FuturesExpenditureIncomeNet Cost
    
Building Maintenance1,000  
Cotgrave Futures CCTV250  
    
Total – Cotgrave Futures1,25001,250

Grants

Budget Summary 2020-2021

Grants 2020-2021
    
    
GrantsExpenditureIncomeNet Cost
    
British Legion300  
Community Fireworks Display2,500  
Centre Contribution20,572  
Community Grants Pensioners Event – S1375,000 3,500  
    
Total – Grants31,872031,872


Summary of Financial Transactions for Cotgrave Town Council 2019-2020

The summary will be divided up into two sections as follows:

Section 1         Explanatory details on            a) Sources of income
                                                                        b) Areas of expenditure

Section 2         Financial detail on                   a) Income
                                                                        b) Expenditure
                                                                        c) Reserves

Section1

  1. Sources of income
  2. Precept on Council tax as set by Cotgrave Town Council
  3. Other Services         
    i) Pitch maintenance
    ii) Shopping centre clearance
    iii) Grass cutting
    iv)Pitch and sportsground rental
    v) Allotments
    vi)Annual fair
    vii) Interest
    viii) Community projects
  • Areas of expenditure
  • Leisure Centre revenue subsidy (# see note)
  • Administration staff 1 full time and 1 part time
  • Maintenance staff 2 part time
  • Park Keeper staff 4 part time
  • Hanging Baskets
  • Bins, seats and dog bins
  • Tractor Maintenance
  • Ridley Sportsground pavilion
  • Grass Cutting and shrubs, etc.
  • Play equipment at the Green, Grassmere, Broadmeer, Ring Leas
  • Open spaces at the Green, Grassmere, Ring Leas, Madisson Park
  • Grants
  • Pitches at Ridley Sportsground (Home of the Cotgrave FC), Madisson Park, Multi Use Games facility
  • Allotments at Burhill, Forest Close and Hollygate
  • Capital Projects
  • Councillor allowances (* see note)
  • Elections
  • Clearance and general maintenance
  • Quarterly newsletter
  • Community projects

Note #: In 1997 in order to secure a swimming pool for Cotgrave, Cotgrave Town Council signed a legal agreement with Rushcliffe Borough Council.  This agreement is in the form of a lease, whereby Cotgrave Town Council leases its office and workshop within the Cotgrave Leisure Centre for a period of 99 years.  As part of this lease Cotgrave Town Council agreed to pay a revenue subsidy each year towards the running of the leisure centre, subject to inflation.  For 2019/2020 this subsidy amounts to £20,572.

Note *: Elected Councillors are entitled to claim an allowance of £250 per annum, although some councillors may choose to opt out.  The Chairperson will be paid extra in recognition of his/her extra responsibilities and workload – i.e. £250 plus an additional honorarium in recognition of the Chairman’s greater input.

Section 2

  1. Income                                                                          £
Precept228,966
Other Sources19,770
 243,736
  • Expenditure                                                                   £
Recreational and Parks83,735
Finance and General Purposes131,879
Grants11,300
Leisure Centre Revenue Subsidy20,572
Cotgrave Futures1,250
 248,736
  • Reserves at 31st March 2018
General Reserve67,918
Programmed Projects23,228
Election Reserves Play Equipment Contingency2,500 5,000
Play Equipment Replacement3,115
Community Reserve32,299
Parish Paths874
Town Plan3,809
Youth Council2,000
New Premises120,000
Play Space3,166
CCTV Digital Recorder7,000
Light source Funding Shared Access3,534 30,000
 344,443

More details of Cotgrave Town Council’s financial accounts can be obtained by using one of the following sources:-

clerk@cotgrave-tc.gov.uk

  • By telephone on 0115 989 3876
  • By calling in at Cotgrave Town Council Office