Precept & Budget
The Council’s budget is called the Precept, and is the amount the Town Council asks from Eden District Council as a proportion of the Council Tax paid by householders of Penrith. The Council utilises the precept, to provide services and to deliver the Council Plan.
The Town Council’s portion of Council Tax bill depends on which band a property is in. Properties are put into one of eight bands, A being the lowest, and H the highest, with Band D being the average.
The Town Council has approved a budget for the year commencing on 1 April 2021 which requires a precept (or levy) of £450,069 to pay for Council services. Eden District Council is notified of the amount of the precept and collects the money on behalf of the Town Council from council taxpayers in Penrith.
The precept of £450,069 represents an annual Council Tax of £83.09 for a Band D property, which is unchanged from the previous year 2020/21.
The precept is a decrease of £4,164 from the precept levied for 2020/21. The 2021/21 budget was adjusted to remove any one-off items and to include costs of contractually committed changes to expenditure or income, with inflationary increases only applied where necessary. New service development proposals are also included within the precept amount and will notably include the recruitment of a Sustainability Officer to deliver the Council’s Climate Change Strategy, and budget to deliver the arts and cultural strategy actions, and projects aligning with the Council’s objectives.
An explanation of the precept increase is listed in the table below which may not be accessible to a screen reader. We want to ensure that everyone can access our information and we are working to improve our website. Please contact us if you need information on this website in a different format like accessible PDF, large print, easy read or in an alternative format.We will consider your request and respond to you in ten working days.
|· 2020/21 Precept||454,233|
|Net reductions in Planning Committee (£5,000) and CCEG (£3,000) expenditure||(8,000)|
|Ongoing budget for Covid-19 Response||5,000|
|Removal of one-off budget for preparation of Arts & Cultural Strategy||(7,500)|
|Re-assessment of Corporate Communications budget||(1,830)|
|Reduced Members’ Training costs||(1,020)|
|Reduction in Contingency provision||(3,500)|
|2021/22 Allowance for Growth Items||53,800|
|Increase in contribution from General Reserve||(27,883)|
|Other minor variations (net)||(1,631)|
|Proposed Precept 2021/22||450,069|