RYDE
TOWN COUNCIL
Report To:
Finance Committee - 29 September 2020
Report From:
Gareth Hughes, Responsible Financial Officer.
Lisa Dyer - Clerk
1.
Purpose
To provide an updated budget for the current financial year and a budget
forecast for the 2021-22 financial year, having regard to decisions taken since
the 2020-21 budget setting process.
2.
Background
2.1 The current precept is £1,123,605 which represents a Band D Council Tax of
£136.36 per annum.
3
Financial Forecasts
3.1
Appendix A contains in column one the original budget for the current year, but
reformatted into a Committee based structure. Column 2 shows a revised
estimate for the current year and Column 3 presents a forecast for the 2021-
22 financial year
3.2
Appendix A includes for the following factors and assumptions -
(a) Full year effects of the organiational restructuring undertaken at the
end of the 2019-20 financial year.
(b) Inclusion of all recent staffing decisions by the Personnel Committee.
Having regard to the timing of new appopintments it is recommended
that any underspend in the salary budget for the current year is
carried forward to the salary budget for 2021-22.
(c) The pay award for 1st April 2021 has been assumed to be for 2%. The
Salary budget for next year, at this stage, includes no incremental
progression.
(d) Grants & Donations for 2021-22 are assumed to remain at the
original levels set for the current financial year.
(e) The Classic Car Event budget, unspent this year, has been carried
forward to increase the provision for the 2021 event.
(f) Inflation on goods and services has been provided for at 3%.
(g) Any non capital expenditure on St Thomas Church is assumed to be
funded from the Network Ryde budget.
A - 1
