Financing Kingsbrook Parish Council

Kingsbrook Parish Council raises and spends money for the benefit of the local community. Much of the income comes from the Precept which is the element of a resident's Council Tax that is paid to Kingsbrook Parish Council.

Every year, the Parish Council draws up budgets and calculates how much money it needs for the next Financial Year. Budgets are usually finalised at the January Parish Council meeting and then the required precept amount submitted to Buckinghamshire Council.

Buckinghamshire Council co-ordinate the demands from the Parish Council, Police and Crime Commissioner for the Thames Valley Area, Buckinghamshire and Milton Keynes Fire Authority and themselves and issue the Council Tax bills to be paid from 1st April each year.

Since householders must pay Council Tax the Parish Council needs to be accountable for where its proportion of the money goes and for providing sound financial management. You can find further information about the Parish Councils finances here, this includes the budget for the 2022-23 tax year

Precept for 2022-23

The precept for 2022-23 has increased significantly as a result of the decision to take on the current and future green areas, rather than these being managed by the management company appointed by Kingsbrook Management, Encore. If you would like further information on this decision, please take a look at the recording from our Strategic Plan presentation.

We have broken down the increase in the precept based on property bands (this is estimated based on details from Buckinghamshire Council):

The sports field and pavilion are anticipated to be available around the end of summer/beginning of Autumn 2022.

The capital costs are one of costs that we anticipate will be needed to ensure we have the appropriate equipment on hand.

The green areas to be taken on are (previously managed by the management company):

  • Park and green on Burcott Lane (near the Dog House)

  • Broughton Park (the reed beds and green areas along Bellingham Way)

  • The Canal Park and Orchard

  • Central Park and Village Green (in Oakfield Village on Bellingham Way

  • The grass area along Engine Lane by the sub station

  • Ecological mitigation areas by Marsworth Drive and between Oakfield Village and Canalview

We have also included within the budget further green areas anticipated to be with the Parish Council over the course of the year within Kingsbrook.

We also hope to generate further funds during events throughout the year following the success of the events held in 2021.

For the majority of residents this will equate to an initial small annual saving compared to what they pay Encore and these savings are anticipated to increase in 2023-24 as we have a higher tax base (more houses to spread the costs over) and further income streams from community assets (the sports pavilion and the community center anticipated to be available during 2023-24).

For the larger houses (Band E and Band F), those on Canalview and people in rented accommodation this is not the case.

For those in Band E and Band F houses we calculate that your additional costs compared to what you currently pay Encore for the Kingsbrook Management charge will be approximately £15 and £55 per annum respectively. This is based on the £205 Kingsbrook Management charge Encore billed for the current year, which does not include all of the green areas that the Parish Council will be taking on and was not based on a full year of management.

For those in Canalview unfortunately these are additional costs, we cannot split the precept between areas within the Parish. We will be putting up a Noticeboard and additional bins over the course of 2022-23 within the Canalview area as these issues have been raised previously by residents.

If you are in a rented property, we advise you to seek further advice from you letting agency or landlord.

If you have any queries or concerns on the above, please do let us know by using our contact form. You can also sign up for our newsletter.

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