Serving the people

Financial Information

Precept

The Precept is that element of your Council Tax that is paid to Old Bolsover Town Council.

Every year, the Town Council draws up budgets and calculates how much money it needs for the next Financial Year. These are usually finalised at the January Full Council meeting and then submitted to Bolsover District Council. BDC co-ordinate the other demands from Derbyshire County Council, Police and themselves and come up with the rate to be paid from 1st April that year.

Each year, Bolsover District Council calculates the Council Tax Base. This figure represents the number of dwellings in the area at the equivalent of Band D taking into account any discounts, exemptions and premiums.

The Council Tax base for 2022/23 is 3392.20

For example, if the Council wanted to raise an additional income of £100,000, this would result in an extra £30 per year on a Band D Council Tax bill. Most properties in Bolsover are in either Band A or Band D so you would pay a reduced annual figure.

Financial Year

Precept

2023/2024

550,314

2022/2023

523,710

2021/2022

431,225

2020/2021

432,829

2019/2020

363,769

2018/2019

339,449

2017/2018

308,189

2016/2017

256,525

2015/2016

246,147

2014/2015

240,926

2013/2014

231,277

Budget

Further details of the Town Council's budgets for the current Financial Year can be obtained from the Town Clerk.

Financial Regulations

Annual Return

Payments

All payments made by the Council are approved by Councillors at each monthly Council meeting. Details are published showing all payments for the financial year together with a list of payments for the current financial year which is updated during the year.

Other Documents

Councillors Community Fund (CCF)

Each Councillor has an allocation of £500 per year which can be spent on Community initiatives within their ward or those that benefit residents from their ward.

This funding is intended for community groups and local charities that provide support to the local community.

Details of expenditure by Councillors using this funding will be published here shortly.

If you are interested in applying for this funding please contact one of your local Town Councillors.

Policies and Procedures

Last updated: Wed, 01 Mar 2023 09:26