Budget setting
Every November the budget process begins, and in January's meeting the budget for the next financial year (which begins on 1st April of each year) is agreed.
The Parish Council look at the current budget - at over and under spends, predicted end of year spend v budget set for the year, and consider costs of any additonal projects or expenses for the coming year.
The Parish Council then calculate the cost of each spend, and add these together to find the budget amount needed.
This figure is then used to calculate the Precept - which is the amount of money assigned by NKDC. Follow this LINK for more details about the precept.
Any income is also taken into consideration. For example each year Harmston Parish Council complete the process to have a tax refund, and the clerk also annually sends a report to qualify for funding towards the litter picker costs.