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Penrith town council budget summary

Penrith Town Council's precept has increased from £230,078 in 2016-2017 to £372,145 in 2017-2018. More detail is shown below:

Items 2016-2017
£
2017-2018
£
Committees    
Planning 20,000 30,000
Communities, culture and economic growth 47,600 133,500
Finance 155,900 186,126
Committees' net requirement 233,500 349,626
Contingency 12,000 5,183
Council tax reduction grant -5,422 -7,031
Net expenditure 230,078 347,778
Less:    
Precept -230,078 -372,145
Use of/contribution to (-) reserves 0 -24,367

The precept has increased to support the growth in the Town Council's activities as it continues to develop after its creation in May 2015.

More information can be found at Penrith Town Council.