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Precept & Budget

a drawing of a stack of coins


For more information about the 2018-19 Precept for year-ending 31 March 2019  click here.

At Full Council on Monday 28 January 2019, Members approved the budget and precept for 19/20.

Budget introduction from the Mayor

I am very pleased to propose the recommendations in the budget report to the Town Council.  I would like to thank Councillor Kenyon, the membership of the Finance Committee and Council committees and officers for their contributions to the draft budget.

The proposed budget for 2019/20 consolidates the progress that the Council has made since its inception and lays the foundation for a sustainable financial future.

The budget will give the Council the resources and capacity to deliver a range of services that will benefit our residents and visitors.  During the current financial year, we have progressed our Neighbourhood Plan to its consultation stage; the 2019/20 budget provides the funding to see this major exercise to its conclusion.  Another initiative in 2018/19 was support for the Town’s successful entry into the Britain in Bloom competition; this again is continued in next year’s budget.  The budget also creates a fund of £50,000 for activities associated with buying, surveying, legal fees, investing and managing land and property

The Town Council has actively pursued the transfer of services from Eden District Council.  To date, we have taken over responsibility for Fairhill Park, Town benches, bus shelters, the Musgrave Monument and the Cornmarket Bandstand, and have entered into contracts for their maintenance.  The budget includes permanent funding for these services following a reduction in the Council Tax charged by Eden District Council.  Additionally, we are commencing a three-year programme to replace and standardise the benches in our care.

The budget papers include a sustainable forward plan which will increase our reserves in order to make the Council resilient in order to mitigate financial risk; this is a responsible approach in view of the new responsibilities that we are taking on.

The proposed budget results in a 2.0% increase in Council Tax, slightly below the current rate of inflation.

A typical household in Penrith, with a property valued in Band B, will see the Town Council’s full Council Tax rise from £62.30 to £63.54, an increase of less than 3p per week.

The majority of the overall Council Tax raised in Penrith goes to Cumbria County Council, Cumbria Police and Crime Commissioner and Eden District Council.  The Town Council’s share of the total Council Tax bill is around 4%, yet we can have a far greater impact on the quality of life in Penrith than this would suggest.

We are setting a budget which provides quality services for the Town and enables the Council to plan to develop in the future from a sound financial footing.

Councillor Scott Jackson


The proposed precept for 2019/20 is £437,813; the increase of £20,074 from the 2018/19 figure can be explained as follows:

£ £
  2018/19 Precept 417,739
Planning Committee: removal of £11,000 brought forward from 2017/18 and £10,000 reduction to reflect less involvement with the Neighbourhood Plan (21,000)
Events Grants: Planned reduction of £14,000 in net budget, offset by £7,000 transferred from Inward Investment (7,000)
Greening: Removal of £15,000 brought forward from 2017/18 and £500 planned reduction, offset by £3,000 transferred from Inward Investment (12,500)
Re-allocation of Inward Investment budget (10,000)
Planned increase in Grants budget 4,500

  • 2018 and 2019 pay awards
  • Incremental advances


Removal of one-off Armistice Centenary Fund budget (10,000)
Provision for May 2019 Elections 5,420
Reduction in IT/Data Protection expenditure following GDPR implementation (1,000)
2019/20 Growth Items 6,800
Adjustment to contribution from General Reserve, mainly reflecting the use in 2018/19 to meet 2017/18 carried forward budgets 50,969
Other minor variations (net) 1,398
  Proposed Precept 2019/20   437,813



This budget  is called the ‘Precept’, and is the amount the Town Council asks from Eden District Council as a proportion of the Council Tax paid by householders of Penrith.

The Council utilises  the precept, to provide its services and deliver its Council Plan.

The Town Council’s portion of Council Tax bill depends on which band a property is in. Properties are put into one of eight bands, A being the lowest, and H the highest, with Band D being the average.

Details of payments related to the budget can be found under Supplier Payments.

For more information, click on 2019-2020 Budget and Precept Report