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Cotgrave Town Council leaflet

Cotgrave Town Council Budget Summary 2023/24

Budget Summary 2023/24

Cotgrave Budget Summary 2023-24

Description

2023/24
£

2022/23
£

Financial and General Purposes 126,035 117,005
Environment 91,200 87,400
Allotments -2,000 -2,000
Sports Pavilion 2,375 1,855
Grants 11,900 11,800
Community Events 15,375 15,300
Cotgrave Futures 1,250 1,250
Contingency 0 2,000
Total 264,135 234,660

 

Funding of 2023/2024 Budget

(Comparable 2022/2023 figures in brackets)

Precept on Local Council Taxpayers: £246,135 / (£234,660)

Tax Base: 2433.8 / (2433.8)

 

Precept for Band D Property £101.13 (£94.42) or £1.94 (£1.75) per week is a percentage change 4.88% increase on 2022/23.

 

Administration Budget Summary 2023/2024

Year

Tax Base

Leisure Centre Contribution
£

2015-2016 1928.9 18,900
2016-2017 2051.9 19,100
2017-2018 2191.9 19,482
2018-2019 2303.4 19,871
2019-2020 2344.7 20,268
2020-2021 2418.5 20,572
2021-2022 2431.9 20,800
2022-2023 2433.8 0
2023-24 2433.8 0

 

The contribution to the Leisure Centre was to increase in line with an estimated Retail Price Index (RPI) figure from 1 April 2012 until it is reviewed with Rushcliffe Borough Council. The leisure contribution ceased from October 2021, due to Cotgrave Town Council relocating its office and garage facilities.

Council Administration Budget - Budget Summary 2023-2024

Council Administration Budget Summary 2023/2024

Finance and General Purposes

Expenditure
£

Income
£

Net Cost
£

Wages 93,250 0 93,250
Establishment Costs  35,835  -3,050  32,785
Precept Received  -  -246,135  -246,135
Lightsource Community Fund*  6,500  -6,500  0
Community Events  16,075  -700  15,375
Contingency  0  0  0
Finance and General Purposes  151,660  -256,385  -104,725

 *Light Source funding has been awarded to Cotgrave TC from May 2016 for a period of 20 years.

Council Administration Budget - Budget Detail 2023-2024

Council Administration Budget Detail 2023/2024

Finance and General Purposes

Expenditure
£

Income
£

Net Cost
£

Wages Expenditure Income Net Cost
Council Admin Salaries  80,000 - -
F&GP Members Allowances  5,000 - -
Wages Contingency  7,000 - -
Financial Work   1,250 - -
Total – Wages 93,250 0 93,250
Establishment Costs Expenditure Income Net Cost
DBS (CRB) Disclosures  100 -  -
Internal Audit  300  -  -
External Audit  800  -  -
Legal & Professional Fees  1,000  -  -
Subscription  1,500  -  -
Information Commissioner  50  -  -
Insurance  14,000  -  -
Training & Mentoring  600  -  -
Conferences  500  -  -
Travel  100 -  -
Newsletter  6,000  -  -
Stationery  150  -  -
Postage  25 -  -
Photocopying  0  -  -
Telephones  750  -  -
Cotgrave Town Council Website   750  -  -
Health & Safety   100  -  -
Council Hospitality   50  -  -
Equipment Servicing   50  -  -
Office Repairs/Maintenance   300  -  -
Computer Hardware/Software   1,500  -  -
Capital/New equipment  0 - -
Studio 3 Rental  0  -  -
Election Fund  1,000  -  -
Other Expenditure  1,000  -  -
Bank Charges 100 -  -
Rates  3,000  -  -
Meeting Room Hire   360  -  -
Suite F Rent/Service Charge   0  -  -
Suite F Electricity   1,750  -  -
Interest received - -800 -
Advertising income - -250 -
CIL income - -2,000 -
Total – Establishment Costs  38,835
-3,050 32,785
Precept Received Expenditure Income Net Cost
Precept - -246,135 -
Total - Precept Received  0 -246,135 -234,660
Lightsource Community Fund Expenditure  Income  Net Cost 
Lightsource Project 6,500 -6,500 -
Total – Community Events  6,500 -6,500 0
Community Events Expenditure  Income  Net Cost 
Christmas Event 4,000 -500 -
Safari  150  -200  -
Cotgrave Festival  2,500  0  -
Other Community Events  2,500  0  -
Youth  6,925  -  -
Total - Community Events   16,075  -700 15,375
Contingency Expenditure Income  Net Cost
Replacements & Refurbishments  0 -  -
Total - Contingency 0 0 0

 

Recreation and Parks Committee Budget Summary 2023/24

Recreation and Parks Committee Budget Summary 2023-24

Recreation and Parks

Expenditure
£

Income
£

Net Cost
£

Environment 105,200 -14,000 91,200
Allotments  1,500  -3,500  -2,000
Sports Pavilion  4,375  -2,000  2,375
Recreation and Parks  111,075  -19,500 91,575

 

Recreation and Parks Committee Budget Detail 2023/24

Recreation and Parks Committee Budget Detail 2023-24

Recreation and Parks

Expenditure
£

Income
£

Net Cost
£

Environment Expenditure Income Net Cost
Salaries 62,500 - -
Insurance (vehicle)   1,000  -  -
Training & Mentoring   100  -  -
Health & Safety   500  -  -
Capital/New Equipment   5,000  -  -
Safety Clothing   200  -  -
Plant Baskets   3,750  -  -
Dog Bin & Rubbish Cleaning   300  -  -
Hedge Cutting   2,000  -  -
Tractor Maintenance   1,000  -  -
Fuel   2,000  -  -
CCTV Maintenance  1,000  -  -
Grounds Maintenance   9,500  -  -
Repairs/ Maintenance   2,500  -  -
Gritting Salt  100  -  -
Bark Top Up 0  -  -
Leases – Parks & Allotments   1,000  -  -
Play Equipment Maintenance   2,000  -  -
ROSPA Inspections   1,500  -  -
Tools & Consumables   1,500  -  -
MUGA Costs   600  -  -
Community Warden   0  -  -
Other Expenditure   100  -  -
Shopping Centre Clearance    -10,500  -
Annual Fair & Circus     -500  -
Grass Cutting     -3,000  -
Unit 28 Rent 0 -  -
Unit 28 Rates  3,000  -  -
Unit 28 Water  1,000  -  -
Unit 28 Electricity  3,500  -  -
Mileage allowance  50  -  -
Total – Environment 105,400 -14,000 91,200
Allotments Expenditure  Income   Net Cost 
Insurance 0 - -
Water  1,000  -  -
Allotment Maintenance  500  -  -
Allotment Rental Income  -  -3,500  -
Total – Allotments  1,500  -3,500 -2,000
Sports Pavilion Expenditure  Income   Net Cost 
Pavilion Lease 1,200 - -
Pavilion Repairs & Maintenance  1,500  -  -
Electricity  1,000  -  -
Septic Tank Emptying   175  -  -
Annual Testing   500  -  -
Colts Income  -  -2,000  -
Total – Sports Pavilion 4,375 -2,000 2,375

 

Cotgrave Futures - Budget Summary 2023-2024

Cotgrave Futures - Budget Summary 2022-23

Cotgrave Futures

Expenditure
£

Income
£

Net Cost
£

Building Maintenance 1,000 - -
Cotgrave Futures CCTV  250  -  -
Total – Cotgrave Futures
 1,250  0  1,250

 

Grants - Budget Summary 2023-2024

Grants Budget Summary 2023-24

Grants

Expenditure
£

Income
£

Net Cost
£

British Legion 400 - -
Community Fireworks Display  3,000  -  -
Centre Contribution  0  -  -
Community Grants 4,000 - -
Pensioners Event – S137 4,500 - -
Total – Grants 11,900  0  11,900

 

Summary of Financial Transactions for Cotgrave Town Council 2023-2024

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

  • a) Sources of income
    • Precept on Council tax as set by Cotgrave Town Council
    • 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
  • b) 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 3 part time
    • Hanging Baskets
    • Bins, benches, 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, Maddison Park
    • Grants
    • Pitches at Ridley Sportsground (Home of the Cotgrave FC), Maddison 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 2021/2022 this subsidy amounts to £20,800. Leisure Centre Contribution ceased in October 2021, due to relocation of council office and garage.

Note *: Elected only Councillors are entitled to claim an allowance of £250 per annum, although some councillors may choose to opt out. The Chair will be paid extra in recognition of his/her extra responsibilities and workload – ie £250 plus an additional honorarium (£1000) in recognition of the Chair’s greater input.

Section 2

a) Income

  • Precept £246,135
  • Other Sources £29,750

Total £275,885

b) Expenditure

  • Recreational and Parks £111,075
  • Finance and General Purposes £151,660
  • Grants £11,900
  • Leisure Centre Revenue Subsidy £0
  • Cotgrave Futures £1,250

Total £275,885

c) Reserves at 31 March 2022

  • General Reserve £90,345
  • Programmed Projects £23,228
  • Election Reserves £5,000
  • Play Equipment Contingency £0
  • Play Equipment Replacement £0
  • Community Reserve £32,299
  • Parish Paths £874
  • Town Plan £3,809
  • Youth Council £2,000
  • New Premises £120,000
  • Play Space £3,166
  • CCTV Digital Recorder £7,000
  • Light source Funding £9,629
  • Shared Access £0
  • Allotment Maintenance £7,214
  • Ear Marked CIL (Community Infrastruture Levey) £1,218

Total £305,791


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

  • Local Notice Boards
  • Internet on www.cotgrave-tc.gov.uk or email clerk@cotgrave-tc.gov.uk
  • By telephone on 0115 989 3876/ 07497 495 105
  • By calling in at Cotgrave Town Council Office

Please Note: Cotgrave Town Council have agreed to use £19K from reserves to reduce the tax burden on the residents.