Financial Information

The Precept is that element of your Council Tax that is paid to Calverton Parish Council.

Every year, the Parish Council draws up budgets and calculates how much money it needs for the next financial Year. These are usually finalised at the January Full Council meeting and then submitted to Gedling Borough Council. GBC co-ordinate the other demands from Nottinghamshire County Council, Police , Fire and themselves and come up with the rate to be paid from 1st April that year.

Each year, Gedling Borough Council calculates the Council Tax Base. This figure represents the number of dwellings in the area at the equivalent of Band D taking into account any discounts, exemptions and premiums.

For example, if the Council wanted to raise an additional income of £10,000, this would result in an extra £4.02 per year on a Band D Council Tax bill based on the 2024/25 Tax Base. Most properties in Calverton are in either Band A or Band B so you would pay a reduced annual figure.

Further details of the Town Council's budgets for the current Financial Year can be obtained from the Clerk.

All payments made by the Council are approved by Councillors at each monthly Council meeting.

Calverton Parish Council receive 25% of all Community Infrastructure Levy Payments due from all new housing developments in the village.

Annual reports are produced showing the Income and Expenditure of any CIL money received.