Planning Approvals None Finance Finance Report from the Clerk – the Clerk reported a balance of £45,855.70, which comprises £15,234.77 General Funds and £30,620.93 Capital. The second tranche of the precept (£2,683) has been received. Budget - the Clerk has undertaken a review of the revenue budget position, as in the table below: Budget Revised 2018-19 BUDGET 2018-19 budget Comments General Funds £15,500 Carry forward £12,274 Revision to capital balance £5,366 Precept £5,366 £44 Wayleave £44 £500 VAT recovery £550 £250 Interest £232 £21,660 £18,466 Budget Head £1,400 Revenue Reserve £1,400 £1,830 Staffing £1,955 Based on initial 6 months figures £3,000 Maintenance £3,000 £1,000 Administration £1,000 £1,000 Projects £2,300 Additional Village Green works £2,000 Events £0 No event planned £11,430 Unallocated Reserve £8,841 £21,660 £18,466 Savings Interest - The Council can increase its savings interest rates at Skipton Building Society from 0.65% to 1% by opening a Community Saver Account. Initially this will be easier if the current signatories are used. Slightly higher rates can be achieved elsewhere, but the Skipton Account can be managed locally and the funds are easier to transfer. The Clerk reported that he had explored investing through CCLA property Fund, though this carried a higher level of risk and is only really suitable for long-term investments. Resolved that: The revised budget for 2018-19 be approved Savings be transferred to a Community Saver Account at Skipton Building Society using current signatories. Payments J Sherlock Salary £126.96 Chapel Haddlesey PCC Room Hire £15.00 Charles Shaw Grass Cutting £108.00
Planning Approvals None Finance Finance Report from the Clerk – the Clerk reported a balance of £45,855.70, which comprises £15,234.77 General Funds and £30,620.93 Capital. The second tranche of the precept (£2,683) has been received. Budget - the Clerk has undertaken a review of the revenue budget position, as in the table below: BUDGET 2018-19 Budget 2018-19 Revised budget Comments General Funds Carry forward £15,500 £12,274 Revision to capital balance Precept £5,366 £5,366 Wayleave £44 £44 VAT recovery £500 £550 Interest £250 £232 £21,660 £18,466 Budget Head Revenue Reserve £1,400 £1,400 Staffing £1,830 £1,955 Based on initial 6 months figures Maintenance £3,000 £3,000 Administration £1,000 £1,000 Projects £1,000 £2,300 Additional Village Green works Events £2,000 £0 No event planned Unallocated Reserve £11,430 £8,841 £21,660 £18,466 Savings Interest - The Council can increase its savings interest rates at Skipton Building Society from 0.65% to 1% by opening a Community Saver Account. Initially this will be easier if the current signatories are used. Slightly higher rates can be achieved elsewhere, but the Skipton Account can be managed locally and the funds are easier to transfer. The Clerk reported that he had explored investing through CCLA property Fund, though this carried a higher level of risk and is only really suitable for long-term investments. Resolved that: The revised budget for 2018-19 be approved Savings be transferred to a Community Saver Account at Skipton Building Society using current signatories. Payments J Sherlock Salary £126.96 Chapel Haddlesey PCC Room Hire £15.00 Charles Shaw Grass Cutting £108.00