The clerk has confirmed that the current Reserves stood at £37K as of 31 Dec 22
UPDATE 16JAN23 - BPC set a budget and precept of £64K an 18.5% increase on last year (listen to the Budget discussion) Neither the Current nor Future Reserves were discussed? (See Dec Budget blog)
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On Monday 16 Jan 22 at 7pm, BPC will be discussing its new version of the Budget, the Precept and associated Reserves.
The clerk has confirmed that the Reserves stood at £37K as of 31 Dec 22, down from £65K as of 01 Apr 22. The current value of the General Reserve/Current Account has not been stated (see 01APR22), nor how much has been committed to spent by 31 Mar 23. E.g. the £3K Neighbourhood Development Plan Reserve needs to be returned to the grant provider.
The clerk also confirmed that, “The proposed 2023-24 Budget V2 figures have not changed since being last circulated”. So it is assumed that the new budget still stands at £87K. This is despite the December discussion to reduce it by a least £20K, by deferring the Toilet Renovation project until the following year? NB the draft December 2022 minutes do not reflect Full Council’s discussion and agreement on this decision? (Dec 22 Min 357.7.4 - should be Min 358.7.4?)
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