The Parish Council considered the detailed budget and the Precept request (the amount the Parish Council requires for meeting the expenses of running the Council) for the year 2023 / 24 at the meeting on 5 January.
The budget of £38,583 was agreed. This took into account the range of Parish responsibilities including village grass cutting and weed spraying, the dog bin emptying, meeting costs, saving for replacement street furniture, road safety, reserves and ensuring that the Parish Hall project could meet the contractual obligations to the architect.
The Parish had been given the Tax Base figure (broadly, the number of Band D equivalent dwellings in the village) by CDC which was estimated at 615.7; this was an increase from 566.4 the previous year. Following the calculations, it was agreed to increase the Precept to £39,743 which was an increase of £9,847. The annual cost to a Band D household would be approximately £64.55 – an increase of £11.77 over the whole year.
However, it is worth noting that the Band D equivalent for a resident of Bicester for 21/22 was £131.94.
More information about how the Tax Base figure is calculated is available on the Parish Council website at Financing the Parish Council
For anyone interested, the draft budget and precept calculations can be found on the Parish Council website under the January Items for Information at 2022 – 2023 Agenda and Minutes