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Budget

The budget is our annual estimate for all receipts (income) and payments (expenditure). It influences the precept we need to request through Council Taxes.

For 2018 to 2019, a taxpayer in Band D will see a 59 pence per week decrease on their Council Tax bill.


Summary

This year’s budget shows a decrease in the amount of precept requested from the taxpayer of Penryn, with the relocation of the Council offices to the library and the completion of the Clock Tower Project the Town Council has managed to make significant savings.

The ownership of the bus stops within the Parish which the Town Council currently maintains will be transferred to Cornwall Council who are hoping to install digital timetables.

The running/maintenance of the Public Toilets on Exchequer Quay will also be taken over by the Harbour Commissioner’s Office with the Permarin Car Park toilets remaining under the control of the Town Council.

Projects for 2018 to 2019 include the exterior decoration of the library and the internal redecoration of the Temperance Hall.

The budget also includes the running of Penryn Museum and subsidising the halls ensuring a very reasonable rate can be charged to residents and community groups.

The Town Council also maintains footpaths and verges, Doorstep Green in Glasney Valley, benches and floral displays.


Income

Where the budget comes from

Type Amount % of Total
Precept £262,602 88.79%
Footpaths, grants and other income £18,438 6.23%
Halls and museums £10,800 3.65%
Library £1,400 0.47%
Events £1,000 0.34%
Cemetery fees £1,300 0.44%
Interest £250 0.08%
Total income £295,790 100%

Expenditure

How the budget will be spent

Type Amount % of Total
Administration £29,060 7.03%
Staff costs £178,920 43.26%
Library £26,810 6.48%
Civic £5,750 1.39%
Projects and events £25,608 6.20%
Halls and museums £41,495 10.03%
Insurance £5,000 1.21%
Public toilets £7,735 1.87%
Cemetery £6,900 1.67%
Youth Service £6,750 1.63%
Memorial garden £1,500 0.36%
Health and safety £1,400 0.34%
Neighbourhood Plan £8,000 1.93%
Pocket Park £13,058 3.16%
Elections £4,000 0.97%
CCTV £7,500 1.81%
Car parks £11,745 2.84%
Amenities £13,513 3.27%
Community grants £11,100 2.68%
Capital expenditure £7,750 1.87%
Total expenditure £413,594 100%

Annual accounts

1 April 2018 to 31 March 2019

Local Councils in England with an annual turnover of £6.5m or less must complete an annual return summarising their activities at the end of each financial year. It is made up of four sections:

  • Sections 1 and 2 are completed by the person nominated by the local council
  • Section 3 is completed by our external auditor
  • Section 4 is completed by the local council’s internal audit provider

Downloads

The following documents will be available to download once complete.

If you are looking for monthly accounts, they can be viewed in council meeting agendas.


Accessible documents

We’re working on making our published documents more accessible. You may also request a published document in an alternative format.