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Finances 23-24

The Budget

The Parish Council is funded mostly from an annual local tax called a precept, which is collected on its behalf by South Oxfordshire District Council.  It can also raise funds through grants from other organisations and from facility hire charges for sports pitches and allotments.

The Parish Council has benefitted in recent years from windfall income from easement payments. These have been used to subsidise the precept and are now exhausted. The general reserves are low; the majority of the money held is Community Infrastructure Levy (CIL) funding earmarked for infrastructure works as a result of development and cannot be used for operating income.  The budget is for operational spending and does not include large projects which will require external funding sources.