Each year the Town Council must budget for the year ahead and apply to Kennet District Council for a payment to cover the difference between the projected income and expenditure. This is called the Precept, and it is made up from the money collected by Kennet District Council from your Council Tax and paid in two instalments during the financial year. The Finance and General Purposes Committee considers all expenditure and allocations of funds from the Town Council’s accounts and recommends this expenditure to the Full Town Council.
The Accounts section of the website explains Marlborough Town Council’s total expenditure and precept for the Municipal Year 2007/2008 and the budgeted expenditure and precept for 2008/2009. The Chairman of the Finance and General Purposes Committee for the Municipal Year 2010/2011 is Councillor Richard Pitts and the Vice-Chairman is Councillor Guy Loosmore. The other Members of the Committee are: |