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The Parish Council's primary source of funding is the annual precept payment. The precept is received in two instalments and is governed by the current Local Government Finance Settlement policy.
The precept and additional income forms the basis of the PC's Budget Plan which is used to provide and maintain new and existing services and assets within the parish. The budget plan is updated on a regular basis. The Suffolk Association of Local Councils recommend that the agreed level of contingency held is approximately equal to the annual precept.
The Parish Council are considering two items this financial year 2105/16.
1. The delivery of one or more speed activate signs within the village. This is aimed at reducing the speed of vehicles' entering Bredfield.
2. The repair of the War Memorial which has suffered some long term structural issues.
We have detailed plans in place and ongoing discussions to move these forward. If you wish to know more please come along to the scheduled meetings.
The Parish Council's primary source of income is the annual precept payment. The precept is received in two instalments and is governed by the current Local Government Finance Settlement policy. The budget process can be found Here
A financial plan is created to actively support decision making in the management of the PC's business.
The financial budget plan forecast is updated regularly to aligned with the definitive balance figures as recorded by the Financial Responsible Officer. The plan is then enhanced with a forward looking view of income /expenditure to produce a working estimated outturn for the end of the financial year.
The details of each financial year can be found by clicking on the menue on the left.
If you wish to know more please come along to the scheduled meetings