Financial Information The Town Council is mainly funded by the residents of Tetbury, through what is known as the precept. This is the local tax levied by the Town Council which is collected on its behalf by Cotswold District Council as part of the Council Tax bill. The current budget of TTC is £271,755 (2015-16) which includes a precept request of £258,555. A full budget including all income and expenditure is available both on our website and from the council offices however the council’s Top 10 budgeted spends 2015-2016 are; Staff salaries £146,031 - includes additional funding for 3rd member of ground staff for 6 months. There is no planned salary increase by way of a national pay award as the settlement agreed in 2014/15 covers the period up to March 2016. However the budget includes a £3,500 contingency to cover any incremental increases required throughout the year. In additional there is a small allowance required for both National insurances and employee increased pension contributions. Public Works Loan Board (PWLB) £11,651 this is annual repayments for the PWLB loan for £150,000, that was taken out to – purchase the Goods Shed and surrounding land in April 2005, the loan was taken out for 20 years and will end in April 2025. Joint 3rd F & S Grants £10,000 these are grants that are awarded throughout the year to support local charitable organisations and – – groups that benefit those living in Tetbury. Grants made in 2014-15 include; £5,000 to the Dolphins Hall, £350 to The Monday Club, £486 Girl guides association & £500.00 Tetbury Cricket Club. In 2014-15 £10,000 was spent well within the 12 month period. Joint 3rd Grant to Tourist Information Centre (TIC) £10,000, TTC directly employ the staff at the TIC and the running of the centre is – overseen by the clerk and council. The grant to the centre alongside the grant received from Cotswold District Council (CDC) contributes to the running of the TIC, a separate budget plan is available with the top three spends on this budget being; £25,000 shop merchandise, ticket sales and National Express £19,873 staff costs £4855 building lease In addition the Town Council also take part in a number of initiatives to promote tourism in Tetbury for the benefit of the local economy.
Financial Information The Town Council is mainly funded by the residents of Tetbury, through what is known as the precept. This is the local tax levied by the Town Council which is collected on its behalf by Cotswold District Council as part of the Council Tax bill. The current budget of TTC is £271,755 (2015-16) which includes a precept request of £258,555. A full budget including all income and expenditure is available both on our website and from the council offices however the council’s Top 10 budgeted spends 2015-2016 are; Staff salaries £146,031 - includes additional funding for 3rd member of ground staff for 6 months. There is no planned salary increase by way of a national pay award as the settlement agreed in 2014/15 covers the period up to March 2016. However the budget includes a £3,500 contingency to cover any incremental increases required throughout the year. In additional there is a small allowance required for both National insurances and employee increased pension contributions. Public Works Loan Board (PWLB) £11,651 – this is annual repayments for the PWLB loan for £150,000, that was taken out to purchase the Goods Shed and surrounding land in April 2005, the loan was taken out for 20 years and will end in April 2025. Joint 3rd – F & S Grants £10,000 – these are grants that are awarded throughout the year to support local charitable organisations and groups that benefit those living in Tetbury. Grants made in 2014-15 include; £5,000 to the Dolphins Hall, £350 to The Monday Club, £486 Girl guides association & £500.00 Tetbury Cricket Club. In 2014-15 £10,000 was spent well within the 12 month period. Joint 3rd – Grant to Tourist Information Centre (TIC) £10,000, TTC directly employ the staff at the TIC and the running of the centre is overseen by the clerk and council. The grant to the centre alongside the grant received from Cotswold District Council (CDC) contributes to the running of the TIC, a separate budget plan is available with the top three spends on this budget being; £25,000 shop merchandise, ticket sales and National Express £19,873 staff costs £4855 building lease In addition the Town Council also take part in a number of initiatives to promote tourism in Tetbury for the benefit of the local economy.
Tetbury-Town-Council-Business-Plan-1.docx